The Central Government has nominated Shri Manohar Lal Paliwal as a Part-time Non-Official Director on the Board of Directors of UCO Bank. This appointment is effective from August 12, 2026, for a term of three years. Shri Paliwal brings valuable experience as a Commerce Graduate and Chartered Accountant, with extensive involvement in agricultural and petroleum retail businesses, alongside social and educational initiatives. His appointment is in line with regulatory requirements for board composition.
Board Appointment at UCO Bank
UCO Bank announced a significant change in its board composition with the nomination of Shri Manohar Lal Paliwal as a Part-time Non-Official Director. This appointment has been made by the Central Government, underscoring its role in the governance of the public sector bank. The nomination is a key event for the bank’s strategic direction and oversight.
Director Profile and Tenure
Shri Manohar Lal Paliwal, a seasoned professional, holds qualifications as a Commerce Graduate and Chartered Accountant. His professional background includes extensive engagement in the agricultural sector and the petroleum retail business. Furthermore, he has a notable history of active participation in various social and educational initiatives, including child welfare programs and awareness campaigns. His tenure as a director is set for a period of three years from the date of notification, or until further orders are issued, whichever is earlier. The bank has confirmed that Shri Paliwal is not debarred from holding directorships by any regulatory or statutory authority.
Regulatory Compliance
The appointment details align with the disclosure requirements stipulated by SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. The bank has provided a comprehensive profile of the newly appointed director, including his background and the nature of his appointment, as required for transparency and compliance.
Source: BSE
