UCO Bank Introduction

UCO BANK INTRODUCTION

UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services statutory
body headquartered in Kolkata.[3] UCO Bank is in 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 2022–23, its total business was ₹4.10 lakh crore. The market capitalisation of bank is ₹48,947.69
crore (2023).

Bank
Formerly
United Commercial Bank
Company type
Public
Traded as
NSE: UCOBANK
BSE: 532505
ISIN
INE691A01018
Industry
Banking
Financial services
Founded
6 January 1943; 81 years ago
Founder
G. D. Birla
Headquarters
UCO Bank Head Office, BTM Sarani, Kolkata, West Bengal, India
Number of locations
India:
3,205 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
Revenue
Increase ₹20,158.97 crore (US$2.5 billion)(2023)[2]
Operating income
Decrease ₹4,340.67 crore (US$540 million) (2023)[2]
Net income
Increase ₹1,862.34 crore (US$230 million) (2023)[2]
Total assets
Increase₹300,862.98 crore (US$38 billion) (2023) [2]
Total equity
Increase ₹25,603.70 crore (US$3.2 billion) (2023) [2]
Number of employees
21,698 (March 2023)[2]
Parent
Ministry of Finance
(Government of India (95.39%))
Subsidiaries
Paschim Banga Gramin Bank
Capital ratio
16.51% (2023)

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 30 March 2023 the bank had 4,000 plus service units & 44 zonal offices spread all over
India. It also has two overseas branches in Singapore and Hong Kong.