UCO Bank, formerly known as United Commercial Bank, is a major mid-sized public sector bank in India. It was founded in the year 1943 at Kolkata in West Bengal. The bank commenced operations with 14 branches and an issued capital of INR 2 crore. The Government of India nationalised the bank in July 1969. At present, the Government of India holds majority stakes in the bank. UCO Bank was ranked 1948 in 2018 Forbes Global 2000 List and 80 on the 2020 Fortune India 500 List.
| Particular | Details |
| Bank Name | UCO Bank |
| Type | Public Sector |
| Founded | 6th January 1943 |
| Founder | G.D. Birla |
| Headquarters | Kolkata, West Bengal, India |
| MD & CEO | Ashwani Kumar |
| Chairman | Aravamudan Krishna Kumar |
| Regulator | RBI |
| Services | Retail Banking, NRI Banking, Corporate Banking and more |
| Branch Network | 3,302 |
| Customer Base | 5 crore |
| Total Deposits | INR 3.10 lakh crore |
| Total Advances | INR 2.43 lakh crore |
| CASA Ratio | 38.41% |
| Bank Type Focus | Priority Sector Lending, Customer-centric solutions and digital innovations |
| Official Website | www.uco.bank.in |
Net Worth and Market Cap
Net Worth of UCO Bank is approximately INR 31,000 crore, as of early 2026. The market capitalisation of the bank is currently at INR 36,026.13 crore.
Corporate Leadership
Ashwani Kumar is the Managing Director and CEO of UCO Bank. He has been in this role since June 2023. Aravamudan Krishna Kumar is the Non-Executive Chairman, while Rajendra Kumar Saboo and Vijaykumar Nivrutti Kamble are the two Executive Directors of the bank.
Overview of Banking Products and Services
UCO Bank offers a tailored set of banking products and services for individual customers, businesses, MSMEs, NRIs, farmers, corporates and others. The bank emphasises on priority sector lending, customer-centric solutions and digital innovations.
The bank offers a number of deposit accounts and schemes, such as savings accounts like UCO Unique, current accounts like UCO Care, fixed deposits, recurring deposits, other terms deposits, resident foreign currency deposits and more. Loan options comprise of home loans, vehicle loans, education loans, gold loans, personal loans, mortgage loans and other consumer loans.
Corporate and business banking solutions include MSME financing, infrastructure financing, cash management services, trade finance, working capital finance, project finance and term loans. Furthermore, the bank facilitates Rupee-Rial and Rupee-Ruble trade between India-Iran and India-Russia respectively.
NRI banking offerings include NRI savings and deposit accounts, remittances, foreign currency loans, forex services and NRI-specific products like FCNR (B) and RFC accounts.
Distribution Network
UCO Bank is headquartered in Kolkata, West Bengal, India. The bank operates a network comprising of 3,302 branches and 2,522 ATMs, which covers the entire country. In addition, it has 43 zonal offices. The bank also has two overseas branches in Hong Kong and Singapore.
