uco bank announced that Ashwani Kumar has ceased to be the Managing Director and Chief Executive Officer of the bank upon the completion of his tenure. The cessation of office was effective May 31, 2026, marking the end of a three-year term for the executive at the state-owned lender. The transition was communicated to the stock exchanges in accordance with regulatory requirements.

Ashwani Kumar was originally appointed to the position of MD & CEO for a period of three years. This appointment was made vide a Government of India notification bearing reference number eF.No.4/3/2022-BO.I and dated May 31, 2023. The appointment was executed under section 9(3)(a) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

The bank disclosed the change in the composition of its Board of Directors pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specific details regarding the change were also provided as required under the SEBI Master Circular No. HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026.

The notification was signed by Vikash Gupta, Company Secretary of UCO Bank. The bank confirmed that the information was submitted for the necessary record and public disclosure.

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.