UCO Bank

UCO Bank
FormerlyUnited Commercial Bank
Company typePublic
NSEUCOBANK
BSE532505
ISININE691A01018
IndustryBanking
Financial services
Founded6 January 1943; 81 years ago (1943-01-06)
FounderG. D. Birla
HeadquartersUCO Bank Head Office, BTM Sarani, Kolkata, ,
India
Number of locations
India:
3,230 Branches
2,564 ATMs
International:
2 Branches in 2 countries
Area served
Worldwide
Key people
Ashwani Kumar[1]
(MD & CEO)
Products Consumer banking, corporate banking, finance and insurance, investment banking,mortgage loans, private banking, wealth management
RevenueIncrease 25,119.86 crore (US$3.0 billion)(2024)[2]
Increase 4,576.25 crore (US$550 million) (2024)[2]
Decrease 1,653.74 crore (US$200 million) (2024)[2]
Total assetsIncrease323,691.45 crore (US$39 billion) (2024) [2]
Total equityIncrease 27,213.79 crore (US$3.3 billion) (2024) [2]
Number of employees
21,456 (March 2024)[2]
ParentMinistry of Finance
(Government of India (95.39%)) [2]
SubsidiariesPaschim Banga Gramin Bank
Capital ratio16.98% (2024)[2]
Websitehttps://ucobank.com/en/home

UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services statutory body headquartered in Kolkata.[3] UCO Bank is the 10th largest public sector bank in India by total asset and ranked 1948 in Forbes Global 2000 list of year 2018 & ranked 80 on the Fortune India 500 list in 2020.[4] During FY 2023–24, its total business was 4.50 lakh crore. The market capitalisation of bank is 71,078 crore (2024).

UCO Bank is the only Government of India owned bank in the east India. UCO Bank's headquarter is in BTM Sarani, Kolkata. As of 31 March 2024 the bank had 4,000 plus service units & 43 zonal offices spread all over India. It also has two overseas branches in Singapore and Hong Kong.

UCO bank is one of the special bank which facilitates the mechanism of Rupee-Rial and Rupee-Ruble trade of India between Iran & Russia respectively. It become the first bank to open a unique "lockless" branch in Shani Shinganapur in Maharashtra to show the respect to general belief and faith of the people on lord Shani.

  1. ^ Chakraborty, Dwip Narayan. "UCO Bank-এর ম্যানেজিং ডিরেক্টর এবং CEO পদে নিযুক্ত হলেন অশ্বনী কুমার". Bengal Xpress (in Bengali). Retrieved 3 June 2023.
  2. ^ a b c d e f g h "Annual Report of UCO Bank" (PDF).
  3. ^ "India's Most Trusted Brands 2013". Archived from the original on 28 August 2013.
  4. ^ "India's Most Trusted Brands 2014". Archived from the original on 2 May 2015.