UCO Bank

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UCO Bank: Comprehensive Overview

General Information

• Founded: January 6, 1943, by Ghanshyam Das Birla
• Headquarters: BTM Sarani, Kolkata, West Bengal, India
• Key People: Ashwani Kumar (Managing Director & CEO)
• Website: UCO Bank

Financial Highlights (as of March 31, 2024)

• Total Business: ₹4.50 lakh crores
  • Deposits: ₹2.70 lakh crores
  • Advances: ₹1.80 lakh crores
• Revenue: ₹25,119.86 crores (FY24)
• Operating Income: ₹4,576.25 crores (FY24)
• Net Income: ₹1,653.74 crores (FY24)
• Total Assets: ₹323,691.45 crores (FY24)
• Total Equity: ₹27,213.79 crores (FY24)
• Capital Ratio: 16.98% (2024)

Network and Reach

• Branches: Over 3,230 branches in India
• ATMs: Over 2,564
• Employees: Approximately 21,456 (March 2024)
• International Presence: Branches in Singapore and Hong Kong¹².

Services Offered

• Personal Banking: Savings accounts, fixed deposits, personal loans, home loans, education loans, and more.
• Corporate Banking: Business loans, working capital finance, trade services, and more.
• NRI Banking: Accounts and investment options for Non-Resident Indians.
• Digital Banking: Internet banking, mobile banking, and doorstep banking services.
• Investment Options: Mutual funds, insurance, and savings accounts.

Achievements

• Technology: UCO Bank is known for its robust digital banking services and customer-centric initiatives.
• Awards: Recognized for excellence in technology, digital banking, financial inclusion, MSME services, and human resource development¹².

Unique Initiatives

• Rupee-Rial and Rupee-Ruble Trade: Facilitates trade between India and Iran, and India and Russia.
• Lockless Branch: Opened a unique “lockless” branch in Shani Shinganapur, Maharashtra, respecting the local belief and faith in Lord Shani¹².

Contact Information

• Corporate Office: BTM Sarani, Kolkata – 700001, West Bengal, India
• Phone: +91 33-4455 2400
• Website: UCO Bank