UCO Bank files BRSR for FY26 with SEBI

1 min read     Updated on 22 May 2026, 01:47 AM
scanx
Reviewed by
Riya DScanX News Team
AI Summary

UCO Bank filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, outlining ESG performance. The bank targets net zero by 2056 and reported a turnover of ₹29,705 crore.

powered bylight_fuzz_icon
40940243

*this image is generated using AI for illustrative purposes only.

UCO Bank has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the National Stock Exchange of India Ltd. and BSE Ltd. The report outlines the bank's adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailing its environmental, social, and governance (ESG) performance.

Environmental Performance

The bank has adopted a Net Zero Transition Plan aligned with the Government of India's climate commitments. The targets include achieving net zero for operations and financed portfolio by 2056, with Scope 1 and Scope 2 emissions targeted for 2050. For FY 2025-26, the total energy consumption was 265,277 Giga Joules, with an energy intensity of 8.93 per rupee of turnover. Water consumption stood at 236,070 kilolitres. The bank reported total Scope 1 and Scope 2 emissions of 51,615.41 tCO2e, with an emission intensity of 1.74 tCO2e per ₹1 crore of revenue. Waste generated was 1.28 metric tonnes, primarily E-waste.

Social Performance

As of March 31, 2026, the bank had a total workforce of 20,993 employees, including 518 differently abled employees. The gender composition was 70.47% male and 29.53% female. The bank spent 0.85% of its total revenue on employee well-being measures, an increase from 0.75% in the previous year. It received 124,422 customer complaints during the year, with 3,770 pending resolution at the end of the year.

Financial Overview

For the financial year 2025-26, UCO Bank reported a turnover of ₹29,705 crore and a net worth of ₹24,462 crore. The bank has no holding, subsidiary, associate companies, or joint ventures as of the reporting date. The paid-up capital was recorded at ₹12,539.56 crore.

Governance and Compliance

The report highlights the bank's governance framework, emphasizing ethical conduct, transparency, and accountability. It details the Board of Directors as the highest authority responsible for implementing the Business Responsibility policy. The bank has established various policies, including a Whistle Blower Policy and an Equal Opportunity Policy, to ensure compliance with regulatory requirements. The report also notes that the bank has not been subject to any material fines or penalties during the year.

Historical Stock Returns for UCO Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.32%-2.79%-7.13%-19.41%-20.19%+94.80%

How does UCO Bank plan to finance its Net Zero transition by 2056, and what intermediate milestones will it set to ensure accountability toward its 2050 Scope 1 and Scope 2 targets?

Given the 124,422 customer complaints received in FY 2025-26, what systemic changes or technology investments is UCO Bank likely to implement to significantly reduce complaint volumes in coming years?

With female representation at only 29.53% of the workforce, what targeted diversity initiatives might UCO Bank introduce to align with evolving SEBI ESG disclosure expectations and peer benchmarks?

UCO Bank Appoints Shri Hari Har Mishra as Director, Replacing Shri Sudhir Shyam

1 min read     Updated on 14 May 2026, 12:56 PM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

UCO Bank announced a change in its Board of Directors, with the Central Government nominating Shri Hari Har Mishra as Director in place of Shri Sudhir Shyam, effective 13.05.2026, vide Notification eF.No.6/2(iv)/2022-BO.I. The appointment is with immediate effect and until further orders under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Shri Hari Har Mishra is presently serving as Additional Secretary to the Government of India in the Ministry of Finance, Department of Financial Services. The disclosure was made pursuant to Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

powered bylight_fuzz_icon
40289160

*this image is generated using AI for illustrative purposes only.

UCO Bank has informed the stock exchanges of a change in the composition of its Board of Directors, pursuant to Regulation 30 and 51 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Central Government, exercising powers conferred by clause (b) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, has nominated Shri Hari Har Mishra as Director on the Board, replacing Shri Sudhir Shyam with immediate effect and until further orders.

Board Composition Change

The appointment was made vide Notification eF.No.6/2(iv)/2022-BO.I dated 13.05.2026. Consequently, Shri Sudhir Shyam ceased to be a Director on the Board of the Bank with effect from 13.05.2026. The disclosure was communicated to the exchanges on 14.05.2026 by Company Secretary Vikash Gupta.

The key details of the board change, as prescribed in the SEBI Master Circular dated 11 July, 2023, are summarised below:

Parameter: Details
Reason for Change: Central Government nomination of Shri Hari Har Mishra in place of Shri Sudhir Shyam
Date of Appointment: 13.05.2026
Term of Appointment: With immediate effect and until further orders
Notification Reference: eF.No.6/2(iv)/2022-BO.I dated 13.05.2026
Brief Profile: Additional Secretary to the Government of India, Ministry of Finance, Department of Financial Services
Relationship with Other Directors: Not related to any of the Directors of the Bank
SEBI Debarment Status: Not debarred from holding the office of Director by any order of SEBI or any other authority

Profile of Incoming Director

Shri Hari Har Mishra is presently serving as Additional Secretary to the Government of India in the Ministry of Finance, Department of Financial Services. UCO Bank has confirmed that he is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. Additionally, Shri Hari Har Mishra is not related to any of the existing Directors of the Bank.

Cessation of Outgoing Director

Shri Sudhir Shyam has ceased to be a Director on the Board of UCO Bank consequent upon the nomination of Shri Hari Har Mishra, with effect from 13.05.2026. The disclosure was made in compliance with the applicable SEBI listing regulations and the SEBI Master Circular dated 11 July, 2023.

Historical Stock Returns for UCO Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.32%-2.79%-7.13%-19.41%-20.19%+94.80%

How might Shri Hari Har Mishra's background in the Ministry of Finance's Department of Financial Services influence UCO Bank's strategic direction, particularly regarding government-backed lending initiatives or capital infusion plans?

Could this board change signal a shift in the Central Government's policy priorities for UCO Bank, such as accelerating its privatization prospects or expanding its role in priority sector lending?

What impact might this leadership transition have on UCO Bank's ongoing efforts to improve its asset quality and reduce non-performing assets, given the new director's regulatory oversight experience?

More News on UCO Bank

1 Year Returns:-20.19%