UCO Bank informed that in exercise of the powers conferred by clause (b) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, the Central Government nominated Shri Sudhir Shyam as Director on the Board of UCO Bank in place of Dr. Sanjay Kumar with immediate effect and until further orders as per Notification F.No.6/2(iii)/2022- BO.I dated 13.05.2024. Shri Sudhir Shyam is presently an Economic advisor, Government of India, Ministry of Finance, Department of Financial Services. Shri Sudhir Shyam does not have any relationship with the existing directors of the Bank.