View source for UCO Bank

{{short description|Indian public sector bank}}
{{Use dmy dates|date=December 2014}}
{{Use Indian English|date=June 2013}}
{{Infobox company
| name = UCO Bank
| logo = UCO Bank.jpg
| logo_size = 260px
| logo_alt = 
| logo_caption = ''Honours Your Trust''
| image = UCO Bank 20180823 144517.jpg
| image_size = 225px
| image_alt = UCO Headquarters
| image_caption = UCO Bank Head office, BTM Sarani [[Kolkata]]
| former_name = United Commercial Bank
| type = [[Public company|Public]]
| traded_as = {{NSE|UCOBANK}}<br />{{BSE|532505}}
| ISIN = {{ISIN|sl=n|pl=y|INE691A01018}}
| num_locations = '''India:'''<br/>3,302 Branches <br/>2,522 ATMs<br/>'''International:'''<br/>2 Branches in 2 countries <br>1 Representative Office ([[Tehran]], [[Iran]])
| area_served = Worldwide
| key_people = Ashwani Kumar<ref name="Ashwani Kumar appointed as MD & CEO of UCO Bank">{{cite web |title=UCO Bank-এর ম্যানেজিং ডিরেক্টর এবং CEO পদে নিযুক্ত হলেন অশ্বনী কুমার |url=https://bengalxpress.in/know-03-06-2023-todays-10-current-affairs-question-answers |website=Bengal Xpress |language=bn |last=Chakraborty |first=Dwip Narayan |access-date=2023-06-03 |archive-date=10 June 2023 |archive-url=https://web.archive.org/web/20230610035952/https://bengalxpress.in/know-03-06-2023-todays-10-current-affairs-question-answers/ |url-status=dead }}</ref> <br /> {{small|([[CEO|MD & CEO]])}}
| founder = [[G.D. Birla]]
| industry = [[Banking]]<br /> [[Financial services]]
| products = [[Retail banking|Consumer banking]], [[Commercial bank|corporate banking]], [[Financial services|finance and insurance]], [[investment banking]], [[mortgage loan]]s, [[private banking]], [[wealth management]]
| revenue = {{Increase}} {{INRConvert|29473.00|c}}(2025)<ref name="Annual Report 2024-25">{{cite web|url=https://www.ucobank.com/pdf/AnnualReport20222325052023.pdf|title=Annual Report of UCO Bank|access-date=17 December 2023|archive-date=17 December 2023|archive-url=https://web.archive.org/web/20231217075002/https://www.ucobank.in/pdf/AnnualReport20222325052023.pdf|url-status=dead}}</ref>
| operating_income = {{increase}} {{INRConvert| 6037.31|c}} (2025)<ref name="Annual Report 2024-25" />
| net_income = {{increase}} {{INRConvert|2444.99 |c}} (2025)<ref name="Annual Report 2024-25" />
| assets = {{Increase}}{{INRConvert|362481.08|c}} (2025) <ref name="Annual Report 2024-25" />
| equity = {{increase}} {{INRConvert|31017.57|c}} (2025) 
<ref name="Annual Report 2024-25" />
| parent = [[Ministry of Finance (India)|Ministry of Finance]]<br>([[Government of India]] (90.95%))
 <ref name="Annual Report 2024-25" />
| num_employees = 21,049<ref>{{Cite web |title=Employee strength of Public Sector Banks |url=https://sansad.in/getFile/annex/268/AU259_JW71fE.pdf?source=pqars |access-date=2025-07-24 |publisher=Government of India, Ministry of Finance}}</ref>
| ratio = 17.12% (2025)<ref name="Annual Report 2024-25" />
| foundation = {{start date and age|df=y|1943|01|06}}
| hq_location = UCO Bank Head Office, 
BTM Sarani, [[Kolkata]]
| hq_location_city = [[West Bengal]]
| hq_location_country = India
| homepage = {{url|https://uco.bank.in}}
}}
'''UCO Bank''', formerly '''United Commercial Bank''', is an [[Public sector banks in India|Indian public sector bank]], and [[financial service]]s [[government]] owned body headquartered in [[Kolkata]].<ref>{{Cite web|title=India's Most Trusted Brands 2013|url=http://www.trustadvisory.info/allindia_2013.htm|url-status=dead|archive-url=https://web.archive.org/web/20130828143802/http://www.trustadvisory.info/allindia_2013.htm|archive-date=28 August 2013|df=dmy-all}}</ref> It is a medium sized [[Public sector banks in India|public sector bank]] in India and ranked 1948 in [[Forbes Global 2000|Forbes Global 2000 list of year 2018]] & ranked 80 on the [[Fortune India 500]] list in 2020.<ref>{{Cite web|url=http://www.trustadvisory.info/allindia_2014.html|title =India's Most Trusted Brands 2014|url-status =dead|archive-url =https://web.archive.org/web/20150502221904/http://www.trustadvisory.info/allindia_2014.html|archive-date =2 May 2015|df =dmy-all}}</ref>  During FY 2024–25, its total business was {{INR}}5.13 lakh crore. The market capitalisation of bank is {{INR}}41,305 crore (2025).

UCO Bank's headquarter is in BTM Sarani, [[Kolkata]] which is making it the only [[Government of India]] owned bank in the east [[India]]. {{As of|2024|3|31}} 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]].

==History==
[[File:GDBIRLAUCOBANK.jpg|right|thumb|[[Ghanshyam Das Birla]], founder of UCO Bank]]
[[G. D. Birla]], an eminent Indian industrialist, during the [[Quit India|Quit India movement of 1942]], conceived the idea of organising a [[commercial bank]] with Indian capital and management, and the United Commercial Bank Limited was incorporated to give shape to that idea. The bank was started with Kolkata as its head office with an issued capital of {{INR}}2 crores, of which {{INR}}1 crore was actually paid up. Birla was its chairman; the Board of Directors included eminent personalities of India drawn from many fields. The bank opened 14 branches simultaneously across India. {{Citation needed|date=December 2021}}

After World War II, United Commercial Bank opened several overseas branches. The first, in 1947, was in [[Yangon|Rangoon]]. Branches in Singapore (1951), Hong Kong (March 1952), [[London]] (1953), and [[Malaysia]] followed. In 1963 the Burmese government nationalized United Commercial Bank's three branches there, which became People's Bank No. 6.<ref>Turnell (2009), p.226.</ref>

The Bank's Singapore Operations commenced on 21 April 1951 with the opening of the Singapore Main branch and subsequently [[Serangoon]] branch was opened in "[[Little India, Singapore|Little India]]" on 7 March 1959. The international linkage from Singapore is supported by a large number of Indian branches network through the Integrated Treasury Branch, Mumbai. Other branches in India also provide international banking facilities through Authorised Branches of the bank.{{Citation needed|date=December 2021}}

This international network is further augmented by correspondent arrangements with leading Banks at all important world centres in various countries.<ref name="UCOBankNRIServices">{{cite web |title=OfficialWebsite |url=http://www.ucobank.com/nri2.htm |access-date=27 February 2013 |publisher=ucobank.com |archive-date=10 October 2012 |archive-url=https://web.archive.org/web/20121010204422/http://www.ucobank.com/nri2.htm |url-status=dead }}</ref>

On 15 September 1967, Jalpaiguri Banking and Trading Corporation (JBTC) which had been established in [[Jalpaiguri]] in 1887 (or 1889; accounts differ), made a voluntary transfer of its assets and liabilities to United Commercial Bank. JBTC had only one office and specialised in lending against mortgages on tea gardens.{{sfnp|Basu|1939|p=140}}

The Government of India [[nationalisation|nationalised]] United Commercial Bank on 19 July 1969. The nationalised bank continued the operations of the overseas branches in London, Singapore, and Hong Kong. However, Malaysian law forbade foreign government ownership of banks in Malaysia. Therefore, United Commercial Bank (UCO Bank), [[Indian Overseas Bank]], and [[Indian Bank]] contributed their operations in Malaysia to a new joint-venture bank incorporated in Malaysia, [[United Asian Bank]] with each of the three parent banks owning a third of the shares. At the time, Indian Bank had three branches, and Indian Overseas Bank and United Commercial Bank had eight between them.{{sfnp|Lee|1990|p=50}}

To keep pace with the developing scenario and expansion of business, the Bank undertook an exercise in organisational restructuring in the year 1972. This resulted in more functional specialisation, decentralisation of administration and emphasis on the development of personnel skills and attitudes. Side by side, whole-hearted commitment to the government's poverty alleviation programmes continued and the convenorship of the State Level Bankers' Committee (SLBC) was entrusted to the Bank for Odisha and Himachal Pradesh in 1983.{{Citation needed|date=December 2021}}

An act of [[Parliament of India|parliament]] changed the bank's name to UCO Bank in 1985, as a bank in Bangladesh existed with the name [[United Commercial Bank PLC]], which caused confusion in the international banking arena.{{sfnp|Bandyopadhyay|2016|}}

In 1991, [[CIMB|Bank of Commerce]] acquired United Asian Bank; in time [[CIMB]] came to own Bank of Commerce.{{Citation needed|date=December 2021}}

In 1998, UCO closed its London branch. [[Bank of Baroda]] acquired the assets and liabilities, but not the personnel, who were made redundant.{{Citation needed|date=December 2021}}

Following the amalgamation of [[Paschim Banga Gramin Bank]] into [[West Bengal Gramin Bank]], now sponsored by [[Punjab National Bank]], UCO Bank no longer has any Regional Rural Bank under its sponsorship as of 01 May 2025.

==Current market position==

As on 31 March 2025, government shareholding in the Bank stood at 90.95%. For FY 2024–25, the Bank registered a net profit of ₹2,444.99 crore, marking a growth of 47.85% over the previous year. The global business of the Bank reached ₹5,13,527 crore, compared to ₹4,50,007 crore as on 31 March 2024, reflecting an increase of 14.12% year-on-year.

===Domestic Presence===
The Bank's regional presence includes 3,302 domestic branches as of March 2025. Additionally, the Bank operates 2,613 ATMs across the country.

The domestic branches include 6 Flagship Corporate Branches, 7 Asset Management Branches, 4 Service Branches, 1 Central Pension Processing Center, and 1 Integrated Treasury Branch. Furthermore, there are 25 MCU branches, 43 Retail Loan Hubs, 43 SME & Agriculture Loan Hubs, 12 Integrated Loan Hubs, and 70 Currency Chests functioning across the country, typically attached to major city branches at various centers.

===International Presence===
Besides providing inland banking services through its vast network of branches in India, bank has a vital presence in the financial markets outside India. It presently has 2 overseas branches (one each in [[Singapore]] and [[Hongkong|HongKong]]) and 1 representative office has been established in [[Tehran]], [[Iran]].

Additionally, the Bank holds an active [[SWIFT]] membership and maintains correspondent banking relationships with several international banks to facilitate global trade finance and cross-border remittances.

==Zonal Offices & Regional Training Centres==

===Board of Directors===
As of October 2025, the UCO Bank Board of Directors has ten members:<ref name="UCOBankOfficialWebsite">{{cite web|url=https://www.uco.bank.in/en/board-of-directors|title=OfficialWebsite |publisher=uco.bank.in |access-date=4 October 2025}}</ref>

*Shri Aravamudan Krishna Kumar (Non-Executive Chairman)
*Shri Ashwani Kumar (Managing Director & CEO)
*Shri Rajendra Kumar Saboo (Executive Director)
*Shri Vijaykumar Nivrutti Kamble (Executive Director)
*Shri Sudhir Shyam (Government Nominee Director)
*Dr. Sarada Prasan Mohanty (RBI Nominee Director)
*Shri Subhash Shankar Malik (Part-time Non-Official Director)
*Ms. Rachna Khare (Director under Shareholder Category)
*Shri Ravi Kumar Agrawal (Part-time Non-Official Director) 
*Shri Anjan Talukdar (Part-time Non-Official Director)

===Regional management===

The governance of the Bank all around the nation's respective regional areas is managed by a network of 49 Zonal Offices. These are present in major as well as crucial parts of the country.<ref name="UCOBankOverview">{{cite web |url=http://www.ucobank.com/profile.htm#Overview |title=Departments |publisher=ucobank.com |access-date=6 June 2025 |archive-date=17 November 2010 |archive-url=https://web.archive.org/web/20101117154447/http://ucobank.com/profile.htm#Overview |url-status=dead }}</ref>

===Training===
The training of newly recruited as well as present staff is overseen by seven training colleges around [[India]]:<ref name="UCOBankOfficialSite">{{cite web |url=http://www.ucobank.com/profile.htm#Overview |title=Names of Training Centres with their Email IDs |publisher=ucobank.com |access-date=27 February 2013 |archive-date=17 November 2010 |archive-url=https://web.archive.org/web/20101117154447/http://ucobank.com/profile.htm#Overview |url-status=dead }}</ref>

*Central Staff College, [[Kolkata]]
*Staff Training Centre, [[Ahmedabad]]
*Staff Training Centre, [[Bhubaneswar]]
*Staff Training Centre, [[Bhopal]]
*Staff Training Centre, [[Chandigarh]]
*Staff Training Centre, [[Chennai]]
*Staff Training Centre, [[Jaipur]]

==Subsidiaries==
[[Paschim Banga Gramin Bank]], a [[Regional Rural Bank]] of [[West Bengal]], was formerly a subsidiary of UCO Bank with a 35% stake. However, following its amalgamation into [[West Bengal Gramin Bank]], which is now sponsored by [[Punjab National Bank]], UCO Bank no longer has any subsidiary bank under its sponsorship.
==Logo and motto==
* The logo of UCO bank consists of a pair of clasped hands covered with an octagonal structure. It has been coloured blue since the organisation's inception, blue representing the Bank's national responsibility. The background has remained yellow since the beginning as well.

[[File:UCO-Bank logo.jpg|thumb|UCO Bank "Honours your Trust"]]

*The motto of UCO Bank is "Honours your Trust".<ref name="UCOBankSlogan">{{cite web|url=http://www.slogandb.com/uco-bank/ |title=Slogan of UCO Bank |publisher=slogandb.com |access-date=27 February 2013}}</ref>
* The UCO bank Logo has resemblance to logo of leading South African Life Insurance company [[Sanlam]]. Sanlam has tie up with Shriram Group in India who provide Insurance to passengers travelling in Indian Railways{{Citation needed|date=December 2021}}


==See also==
{{Portal|Banks}}
* [[Banking in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Make in India]]

==Citations and references==
'''Citations'''
{{Reflist}}
'''References'''
* {{cite book|last=Bandyopadhyay |first=Tamal |year=2016 |title=Bandhan: The Making of a Bank |publisher=Random House India}}
* {{cite book|last=Basu |first=Saroj Kumar |title=Industrial Finance in India: A Study in Investment Banking and State-aid to Industry with Special Reference to India |year=1939 |publisher=University of Calcutta}}
* {{cite book|last=Lee |first=Sheng-Yi |year=1990 |title=The Monetary and Banking Development of Singapore and Malaysia |publisher=NUS Press}} 
*Turnell, Sean (2009) ''Fiery Dragons: Banks, Moneylenders and Microfinance in Burma''. (NAIS Press). {{ISBN|9788776940409}}

==External links==
*[http://www.uco.bank.in/ Official website]

{{Banking in India}}
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[[Category:Public Sector Banks in India]]
[[Category:Banks established in 1943]]
[[Category:Banks based in Kolkata]]
[[Category:Indian companies established in 1943]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]