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101.70 Up 0.25(0.25%) 5:51AM EDT
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UCO Bank
10, B. T. M. Sarani
Kolkata, 700001
India - Map

Index Membership:N/A
Industry:Money Center Banks
Full Time Employees:24,557

Business Summary 

UCO Bank operates as a commercial bank in India. Its deposit products include current accounts, saving accounts, fixed deposits, recurring deposits, and accounts in foreign currency, as well as salary and collection accounts. The company’s loan products comprise consumer durable schemes; housing finance scheme; car loans; working capital financing and term loans for retail and wholesale traders; education loans; loans for domestic expenses; loan against the security of future receivables; loans against financial securities issued by central and state governments; and mortgage loans. Its loan products also include real estate loans for promoters/developers; short term loans to pensioners; two-wheeler finance schemes; reverse mortgage loan schemes for senior citizens; education loan schemes for vocational education and training; gold loans; and cash credit and term loans for agricultural sector. In addition, the company offers international banking services, including NRI banking, foreign currency loans, remittances, foreign exchange and treasury services, and correspondent banking services to Indian customers, corporates, NRIs, overseas corporate bodies, foreign companies/individuals, and foreign banks, as well as finance/services to exporters and importers. Further, it provides income, corporation, and service tax payment services; excise duty payment services; credit insurance products; Internet banking services; rehabilitation and restructuring solutions; and debit cards. As of March 31, 2014, the company operated a network of 2890 branches in India, 2 branches in Singapore, and 2 branches in Hong Kong; and 2085 ATMs. It was formerly known as The United Commercial Bank Ltd. and changed its name to UCO Bank in December 1985. UCO Bank was founded in 1943 and is headquartered in Kolkata, India.

Key Statistics

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Key Executives 
Mr. Arun Kaul B.Sc., M.B.A., CAIIB(I), 58
Chairman, Managing Director, Chief Exec. Officer, Chairman of Management Committee, Chairman of Committee On IT & Financial Inclusion, Chairman of Committee On HR Related Issues, Chairman of Customer Service Committee, Chairman of Special Committee of Board for Monitoring Large Value Frauds and Chairman of Risk Management Committee
Mr. Jai Kumar Garg , 54
Exec. Director
Mr. Anil Kumar ,
Chief Financial Officer and Gen. Mang. of Fin.
Mr. S. Ramesh ,
Gen. Mang. of Operations & Services & GAD
Mr. S. Rajendran ,
Chief Compliance Officer and Gen. Mang.
Amounts are as of and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in INR.