Important Notes

Corporate Head Office

Address : UCO Bank Head Office, 10, B T M Sarani, Kolkata - 700 001 West Bengal India.

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Please go through the link given below Email Address of UCO Bank Offices Located Around India!

https://www.ucobank.com/about-us/overview.aspx

Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc.

Vison Statement

To emerge as the most trusted, admired and sought-after world class financial institution and to be the most preferred destination for every customer and investor and a place of pride for its employees.

Mission Statement

To be a Top-class Bank to achieve sustained growth of business and profitability, fulfilling socio-economic obligations, excellence in customer service; through upgradation of skills of staff and their effective participation making use of state-of-the-art technology.

Global banking has changed rapidly and UCO Bank has worked hard to adapt to these changes. The Bank looks forward to the future with excitement and a commitment to bring greater benefits to you.

UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide network of more than 3000 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism and growth.

Overview

- They are in the Service of Community since 1943.

- They have more than 3000 Service Units spread all over India.

- They also operate in two Major International Financial Centres, namely Hong Kong and Singapore.

- They have their Correspondents / Agency arrangements all over the world.

- They undertake Foreign Exchange Business in more than 50 Centers in India.

- They have Foreign Exchange Dealing Operations at 1 Center.

Strengths

- Country-Wide Presence

- Overseas Presence with Profitable Overseas Operations

- Strong Capital Base

- High Proportion of Long Term Liabilities

- A Well Diversified Asset Portfolio

- A Large and Diversified Client Base

- All Branches under Core Banking Solution (CBS)

- Branch representation in Top 100 Centres (as per deposits) in the country

Organisation Structure

Headquartered in Kolkata, the Bank has 42 Zonal Offices spread all over India. Branches located in a geographical area report to the Zonal Office having jurisdiction over that area. These Zonal Offices are headed by Senior Executives ranging upto the rank of Deputy General Manager, depending on size of business and importance of location. The Zonal Offices report to 8 Circle Offices headed by General Managers / senior Deputy General Managers.

History

The idea of a truly Indian bank was first conceived of by Mr. G.D Birla, the doyen of Indian Industrial renaissance, after the historic "Quit India" movement in 1942. Soon this nascent idea came into reality and, on the 6th of January 1943, The United Commercial Bank Ltd. was born with its Registered and Head Office at Kolkata. The very first Board of Directors was represented by eminent personalities of the country drawn from all walks of life, and this all-India character of the Bank has been assiduously maintained till date not only in the composition of its Board but also in the geographical spread of its more than 3000 in the country as well as in its overseas centres in Singapore and Hong Kong.

Having traversed periods of expansion and consolidation, the Bank was nationalized by the Government of India on the 19th July 1969 whereupon 100 per cent ownership was taken over by the government in UNITED COMMERCIAL BANK. This historic event brought about a sea-change in the entire fabric of the bank's thinking and activities, commensurate with the government's socio-political approach of mass banking as against class banking hitherto practised. The Bank had gone for Rs.200 crore of IPO during the year 2003-04 and is now a listed Company. As on 31.03.2012 Government Share-holding of the Bank was 65.19 per cent. Branch expansion started at a fast pace, particularly in rural areas, and the bank achieved several unique distinctions in Priority Sector lending and other social uplift activities. To keep pace with the developing scenario and expansion of business, the Bank undertook an exercise in organizational restructuring in the year 1972. This resulted into more functional specialization, decentralization of administration and emphasis on development of personnel skill and attitude. Side by side, whole hearted commitment into the government's poverty alleviation programmes continued and the convenorship of State Level Bankers' Committee (SLBC) was entrusted on the Bank for Odisha and Himachal Pradesh in 1983.

The year 1985 opened a new chapter for the Bank as the name of the Bank changed to UCO BANK by an Act of Parliament. The customer friendly and socially committed character, however, remained even with this change in name which has, over the years, been regarded as one of the well-known and vibrant banks in the country. Today, with all its inner strengths, UCO Bank has come a long way to symbolize friendliness for customers and efficiency in its banking business. Truly, UCO Bank HONOURS YOUR TRUST.