UCO Bank, Formerly United Commercial Bank, Is An Indian Public Sector Banking And Financial Services Statutory Body Headquartered In Kolkata. UCO Bank Is The 10th Largest Public Sector Bank In India By Total Assets, Ranked 2000 In The 10-year Forbes Global 1948 List And 500 In The Fortune India 80 List 2018. In 2023, Its Total Business Is Rs. 2.40 Billion. The Bank Has A Market Capitalization Of Rs. 450 Million.

Founded In 1943, UCO Bank Is A Commercial Bank And An Enterprise Of The Government Of India. Its Board Of Directors Consists Of Government Representatives From The Government Of India And The Reserve Bank Of India As Well As Prominent Professionals Such As Accountants, Management Specialists, Economists, Businesspeople.

UCO Bank Is The Only Indian Government-owned Bank In Eastern India. UCO Bank Has Its Headquarters In BTM Sarani, Kolkata. The Bank Has More Than 4,000 Service Units And 43 Regional Offices Across India As Of 2024. It Also Has Two Overseas Branches In Singapore And Hong Kong.

UCO Bank Is One Of The Special Banks Facilitating The Indian Rupee-Riyal And Rupee-Ruble Trading Mechanism Between Iran And Russia. It Became The First Bank To Open A Unique "lock-free" Branch In Shani Shinganapur, Maharashtra, As A Sign Of Respect For The Universal Beliefs Of The People And For The Beliefs Of Lord Shani.

UCO Bank Has Been Committed To Serving The Nation Through Active Participation In Financial Engagement In All Sectors Of The Economy For Many Years - Agriculture, Industry, Trade And Commerce, Service Sector, Infrastructure Sector, Etc., Is Keeping Up With The Changing Environment. With Over 3000 Service Units Across The Country, Which Includes Specialised And Computerised Branches In India And Overseas, UCO Bank Has Entered The 21st Century With Vigour And Growth.

PRODUCTS AND SERVICES

International Banking Services In India Are Provided By Authorized Foreign Exchange Branches And Integrated Treasury Branches For The Benefit Of Indian Clients, Corporates, NRIs, Overseas Corporate Institutions, Foreign Companies/individuals, And Foreign Banks, Etc.

Other Branches In India Also Provide International Banking Services Through The Above Branch Network.

All Facilities Must Comply With The Prevailing Rules And Guidelines Of Banks And RBIs. Brief Details Of Services Provided Are As Follows: -

• NRI Bank (please Visit NRI Corner)
• Foreign Currency Loans
• Financing/Services For Exporters
• Financing/Services For Importers
• Remittance
• Foreign Exchange And Financial Services
• Residents Foreign Currency (Domestic) Deposits
• Agency Banking Services

History

Ghanshyam Das Birla, Founder Of UCO Bank

During The 1942 "Exit India" Campaign, Outstanding Indian Industrialist G.D. Birla Conceived The Idea Of Using Indian Capital And Management To Organize A Commercial Bank, Which Was Made Possible By The Establishment Of United Commercial Bank Limited. The Bank Is Headquartered In Calcutta And Has An Issued Capital Of 200 Million Rupees, Of Which 100 Million Rupees Are Effectively Paid Up. Birla Is Its Chairperson; The Board Includes Prominent Indian Personalities From Many Fields. The Bank Has 14 Branches In India Simultaneously.

After World War II, Union Commercial Bank Opened A Number Of Overseas Branches. The First Was In 1947, In Yangon. Subsequent Branches Were Opened In Singapore (1951), Hong Kong (1952-53), London (1963) And Malaysia. In 6 Years, The Burmese Government Nationalized Three Branches Of Union Commercial Bank In The Local Area, Becoming The People's Bank No. 5.

The Bank's Singapore Operations Began In 21 Years, With The Opening Of The Head Office In Singapore, Followed By The Opening Of Serangoon Branch In "Little India" In 1959. International Links From Singapore Are Supported Through The Extensive Indian Branch Network Of The Integrated Treasury Branch (Mumbai). Other Branches In India Also Provide International Banking Services Through The Bank's Authorised Branches.

This International Network Has Been Further Enhanced Through Correspondent Banking Arrangements With Leading Banks In All Important World Centres In Various Countries.

The Jalpaiguri Bank And Trading Company (JBTC), Established In Jalpaiguri, Voluntarily Transferred Its Assets And Liabilities To United Commercial Bank. The JBTC Has Only One Office, Specialising In Tea Plantation Mortgages.

The Government Of India Has Nationalised United Commercial Bank. The State-owned Bank Continued To Operate From Overseas Branches In London, Singapore And Hong Kong. However, Malaysian Law Prohibits Foreign Governments From Owning Banks In Malaysia. As A Result, United Commercial Bank (UCO Bank), Overseas Bank Of India And Bank Of India Contributed Their Operations In Malaysia To United Asian Bank, A New Joint Venture Bank Incorporated In Malaysia, With Three Parent Banks Each Owning One-third Of The Shares. At That Time, Bank Of India Had Three Branches And Overseas Bank Of India And United Commercial Bank Had Eight Branches.

To Keep Pace With The Development Situation And Business Expansion, The Bank Underwent An Organizational Reorganization In 1972. This Resulted In More Functional Specialization, Administrative Decentralization, And An Emphasis On The Development Of Personnel Skills And Attitudes. At The Same Time, Wholeheartedly Committed To The Government's Poverty Alleviation Program, In 1983, The Bank Of Orissa And Himachal Pradesh Commissioned The Bank Of Orissa As Convenor Of The State-level Bankers Board (SLBC).

In 1985, An Act Of Parliament Renamed The Bank UCO Bank As A Bangladeshi Bank Existed Under The Name United Commercial Bank PLC, Which Caused Confusion In The International Banking Arena.

In 1991, Commercial Bank Acquired United Bank Of Asia; Over Time, CIMB Owned Bank Of Commerce.

In 1998, UCO Shut Down Its London Branch. Bank Of Baroda Acquired Assets And Liabilities, But Did Not Acquire Redundant Personnel.

Current Market Position

The Government's Shareholding Ratio In The Bank Was 39.2023%. In FY24-1, Its Net Profit Was Rs 65.374 Billion, And The Bank's Global Operations Were Rs 450 Million, Compared To Rs 740 Million In The Same Period Last Year, An Increase Of 9.50% Over 10 Years.

Domestic Operations

The Bank's Regional Operations Include 2,2 Branches (excluding 564 Foreign Branches) And 2024, ATM.

Domestic Branches Include 6 Flagship Corporate Branches, 7 Asset Management Branches, 4 Service Branches, 1 Central Pension Processing Centre And 1 Integrated Treasury Branch. In Addition, 25 MCU Branches, 39 Retail Loan Centres, 28 Agricultural Loan Centres, 21 SME Centres And 72 Money Boxes Are Also Operating Across The Country, Attached To Major City Branches In The Various Centres.

International Presence

Apart From Providing Inland Banking Services Through Its Vast Branch Network In India, UCO Bank Also Plays A Significant Role In Financial Marekt Outside India. UCO Bank Currently Has Two Overseas Branches (one Each In Singapore And Hong Kong), And A Representative Office In Tehran, Iran.

Regional Offices And Regional Training Centers

Board Of Directors

As Of October 2023, UCO Bank Board Members:

• Shri Shri Ashwani Kumar (Managing Director And CEO)
• Shri Rajendra Kumar Saboo (Executive Director)
• Shri Vijaykumar Nivrutti Kamble (Executive Director)
• Dr. Sanjay Kumar (Director)
• Shri Rajesh Kumar (Director)
• Shri Anjan Talukdar (Director)
Li >
• Shri Ravi Kumar Agrawal (Director)
• Shri Subhash Shankar Malik (Director)
• Shri K. Rajivan Nair (Shareholder Category Director)

Regional Management

The Governance Of The Bank In Various Regions Of The Country Is Managed By A Network Of 43 Regional Offices. These Are Present In Major And Key Regions Of The Country.