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UCO Bank Reviews

Kolkata, West Bengal

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Founded on January 6, 1943, by pioneering industrialist Ghanshyam Das Birla, UCO Bank (formerly United Commercial Bank) is a prominent Indian public sector bank and financial services entity. Headquartered in Kolkata, West Bengal, it occupies a unique position as the only Government of India-owned bank headquartered in East India. The bank was nationalized on July 19, 1969, and operates under the Ministry of Finance. As of 2025, the Government of India maintains a substantial majority ownership stake of 90.95% in the institution. UCO Bank operates through four primary business segments: Treasury Operations, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. Its comprehensive financial portfolio includes corporate banking services like loans, advances, and commercial credit, alongside personal and retail solutions such as housing, vehicle, education, and gold loans. Additionally, the bank actively manages rural banking operations, executing government financial inclusion programs, microfinance loans, and agricultural credit schemes to service various sectors of the domestic economy. The bank boasts an extensive domestic network comprising over 3,000 service units, including automated teller machines (ATMs) and digital banking outlets spread across all Indian states. This domestic infrastructure is operationally organized through dozens of zonal and regional offices that report directly to the central management in Kolkata. Beyond its extensive domestic presence, UCO Bank has maintained an international operational footprint for several decades. It manages full-service overseas branches in major international financial centers, namely Singapore and Hong Kong, alongside a representative office in Tehran, Iran. Notably, the bank serves as a specialized designated institution facilitating bilateral Rupee-Rial and Rupee-Ruble trade mechanisms between India, Iran, and Russia. Financially, UCO Bank is publicly listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For the fiscal year ending March 31, 2025, the bank reported a consolidated annual revenue of INR 29,473 crore and achieved a net profit of INR 2,444.99 crore, showcasing year-on-year growth. Its total global business mix surpassed INR 5.13 lakh crore, split between a robust domestic deposit base and growing credit advances. The institutional leadership is driven by Managing Director and Chief Executive Officer Ashwani Kumar, alongside a board comprising Executive Directors, Reserve Bank of India nominees, and experienced professionals. Emphasizing digital transformation, UCO Bank continues to modernize its core banking solutions, expand online services, and scale its mobile platforms to cater to more than 21,000 employees and a diverse global customer base.