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	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	* [[Banking in India]]		* [[Banking in India]]
	* [[List of banks in India]]		* [[List of banks in India]]

->ABDUL WAHID: Added Sona Sankara Prasad as new CEO

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Added Sona Sankara Prasad as new CEO

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{{short description|Indian government owned bank}}
{{Use dmy dates|date=December 2014}}

{{Use Indian English|date=June 2013}}
{{more citations needed|date=March 2013}}
{{Infobox company
| name = UCO Bank
| logo = File:UCO Bank.svg
| logo_size = 250px
| logo_caption = ''Honours Your Trust''
| former_name = United Commercial Bank
| type = [[Government of India|Nationalised Bank]]
| traded_as = {{NSE|UCOBANK}}<br />{{BSE|532505}}
| ISIN = INE691A01018
| area_served = Worldwide
| key_people = Atul Kumar Goel <br /> {{small|([[CEO|MD & CEO]])}}
| 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|18166.42|c}}(2021)<ref name="Annual Report 2020-21">{{cite web|url=https://www.ucobank.com/pdf/AnnualReport-2020-21.pdf|title=Annual Report of UCO Bank }}</ref>
| operating_income = {{increase}} {{INRConvert|5420.62|c}} (2021)<ref name="Annual Report 2020-21" />
| net_income = {{Increase}} {{INRConvert|167.03|c}} (2021)<ref name="Annual Report 2020-21" />
| assets = {{Increase}}{{INRConvert|253336.1092|c}} (2021) <ref name="Annual Report 2020-21" />
| owner = [[Government of India]] (94.44%) (2021)<ref name="Annual Report 2020-21" />
| parent = [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]]
| num_employees = 22,012 (March 2021)<ref name="Annual Report 2020-21" />
| ratio = 13.74% (2020)<ref name="Annual Report 2020-21" />
| foundation = {{start date and age|df=y|1943|01|06}}
| hq_location = [[Kolkata]]
| hq_location_city = [[West Bengal]]
| hq_location_country = [[India]]
| homepage = {{URL|https://www.ucobank.com/}}
}}
'''UCO Bank''', formerly '''United Commercial Bank''', established in 1943 in [[Kolkata]], is a major [[Government of India|nationalised bank]]. It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]]. During FY 2020–21, its total business was {{INR}} 3.24 lakh crore. Based on 2020 data, it is ranked 80 on the [[Fortune India 500]] list. UCO Bank was ranked 1948 in [[Forbes Global 2000|Forbes Global 2000 list of year 2018]].<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> It is one of the 12 public sector Bank of india.<ref>{{Cite web|url =http://www.trustadvisory.info/allindia_2013.htm|title =India's Most Trusted Brands 2013|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> {{Asof|2017|3|30}} the bank had 4,000 plus service units 49 zonal offices spread all over India. It also has two overseas branches in [[Singapore]] and [[Hong Kong]]. UCO Bank's headquarters is on BTM Sarani, [[Kolkata]].

==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 and a paid-up capital of {{INR}}1 crore. Birla was its chairman and the Board of Directors included eminent personalities of India drawn from many fields. The bank opened 14 branches simultaneously across India.

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>

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.

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, [[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.

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", which caused confusion in the international banking arena.

In 1991, [[CIMB|Bank of Commerce]] acquired United Asian Bank; in time [[CIMB]] came to own Bank of Commerce.

In 1998, UCO closed its London branch. [[Bank of Baroda]] acquired the assets and liabilities, but not the personnel, who were made redundant.

==Current market position==

As on 31 March 2021, government share-holding in the bank was 94.44%. For FY 2020-21, it registered ₹167 crore net profit. 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 organisational restructuring in the year 1972. This resulted in more functional specialisation, decentralisation 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.total numbers of branch more than 4,000.

==Structure==
[[File:UCO Bank 20180823 144517.jpg|thumb|UCO Bank Head Office at [[Kolkata]]]]

===Board of Directors===
As of August 2021, the UCO Bank Board of Directors has six members:<ref name="UCOBankOfficialWebsite">{{cite web|url=https://www.ucobank.com/english/board-of-directors.aspx |title=OfficialWebsite |publisher=ucobank.com |access-date=11 August 2021}}</ref>
* Shri Shri Atul Kumar Goel (MD & CEO)
* Shri Ajay Vyas (Executive Director)
* Shri Ishraq Ali Khan (Executive Director)
* Dr. Sanjay Kumar (Director)
* Dr. (Smt) Tuli Roy (Director)
* Shri K. Rajivan Nair (Director)

===Regional management===

The governance of the Bank all around the nation's respective regional areas is managed by a network of 42 Zonal Offices 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=27 February 2013}}</ref>

* Agartala

* Ahmedabad

* Ajmer

* Balasore

* Bangalore

* Begusarai

* Bhagalpur

* Bhopal

* Bhubaneswar

* Burdwan

* Chandigarh

* Chennai

* Coimbatore

* Dehradun

* Dharamshala

* Ernakulam

* Guwahati

* Haryana

* Hooghly

* Hyderabad

* Indore

* Jaipur

* Jalandhar

* Jodhpur

* Jorhat

* Kanpur

* Kolkata

* Lucknow

* Meerut

* Mumbai

* Nagpur

* New Delhi

* Patna

* Pune

* Raipur

* Ranchi

* Salt Lake

* Sambalpur

* Shimla

* Surat

* Suri

* Varanasi

===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}}</ref>

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

===Presence===

The Bank's Regional presence includes 3,078 branches and 2,564 ATMs. The near Future will see a growth in the number of ATMs and Branches.<ref name="BusinessLine">{{cite web|date=27 April 2011|title=UCO Bank Eyes Gujarat, UP, South|url=https://www.thehindubusinessline.com/money-and-banking/UCO-Bank-eyes-Gujarat-UP-South-for-branch-expansion/article20238180.ece|url-status=live|archive-url=https://web.archive.org/web/20201125185911/https://www.thehindubusinessline.com/money-and-banking/UCO-Bank-eyes-Gujarat-UP-South-for-branch-expansion/article20238180.ece|archive-date=25 November 2020|access-date=26 November 2020|publisher=thehindubusinessline.com}}</ref>

===International presence===

Besides providing inland banking services through its vast network of branches in India, UCO Bank has a vital presence in the financial markets outside India. UCO Bank presently has four overseas branches in two important international financial centres in [[Singapore]] and [[Hong Kong]].<ref name="UCOBankOverseas">{{cite web|url=http://www.ucobank.com/international_banking.htm |title=UCOBankOfficialWebsite |publisher=ucobank.com |access-date=28 February 2013}}</ref>

UCO Bank has international presence for over 60 years now.

The Bank's Singapore Operations commenced from 21 April 1951 with the opening of 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 Integrated Treasury Branch, Mumbai. Other branches in India also provide international banking facilities through Authorised Branches of the bank.

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|url=http://www.ucobank.com/nri2.htm |title=OfficialWebsite |publisher=ucobank.com |access-date=27 February 2013}}</ref>

==Non-banking subsidiaries==

The bank has requested the RBI for an approval for new Non-Banking entities under its command. The new entities would ensure a complete market foothold.<ref name="UCOFinancialSubsidiary">{{cite web|url=http://www.rupeetimes.com/news/personal_loan/uco_bank_to_open_its_financial_subsidiary_1686.html |title=UCO Bank to open its Financial Subsidiary |publisher=rupeetimes.com |access-date=27 February 2013}}</ref>

==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.
*The motto 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

==Major market competition==

UCO Bank's major competitors have always been [[State Bank of India]], [[Punjab National Bank]], [[Bank of Baroda]], [[HDFC Bank]], [[ICICI Bank]], [[Axis Bank]], and [[Bank of India]]. The earlier years saw a limited presence of rivals who were mostly public sector entities. In the recent years, the surge of private banks has broadened the spectrum. The [[liberalisation]] of the economy may bring foreign banks, which could intensify inter-bank competition for commercial and well-to-do retail customers.<ref name="ForeignBanksEntryintoIndia">{{Cite web|title=Foreign Banks' Entry into India|url=http://articles.timesofindia.indiatimes.com/2013-02-26/edit-page/37308520_1_new-banks-bank-licenses-foreign-banks|url-status=dead|archive-url=https://web.archive.org/web/20190525041449/https://timesofindia.indiatimes.com/home/opinion/edit-page/Bankers-banquet-Follow-up-on-the-liberal-guidelines-with-a-few-dozen-new-banking-licenses/articleshow/18680426.cms?referral=PM|archive-date=25 May 2019|access-date=27 February 2013|website=[[The Times of India]]|publisher=timesofindia.indiatimes.com}}</ref>

==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'''
*Turnell, Sean (2009) ''Fiery Dragons: Banks, Moneylenders and Microfinance in Burma''. (NAIS Press). {{ISBN|9788776940409}}

==External links==
*[http://www.ucobank.com/ Official website]
*[http://www.rupeetimes.com/banks/uco_bank.html UCO Bank Products]
*[http://www.bikramchoudhury.org UCO Bank Stock Market Position Research]

{{Banking in India}}
{{Nifty 200 companies}}

[[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]]

UCO Bank - Revision history

CleanupBot II: Removed empty portal template using script

->ABDUL WAHID: Added Sona Sankara Prasad as new CEO

imported>DaxServer: Add back cat per discussion WP:TCAT using Pywikibot category add