United Commercial Bank (UCO)

by Monika Dadool 06-Mar-19

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UCO (United Commercial Bank) headquartered in Kolkata is a commercial, as well as Government of India undertaking Bank, was founded in 1943. Its Board of directors resides of the Government representatives and eminent professionals such as management experts, businessmen etc. Shri Atul Kumar Goel is the current MD and CEO of UCO Bank.


The Total strength of UCO bank is more than 4000 branches covering over 3000 ATMs. It holds two representative branches across abroad i.e. Singapore and Hong Kong.

It has 42 Zonal Offices across geographical area across India. Each zonal offices is headed by Deputy General Manager / Senior Executive Dependent on the location of the organization or business size. UCO has also initiated fund transfer VIA IMPS applicable for eBanking retail users.


Strengths

a) Country-wide existence

b) Vast and differentiated client base

c) Entire branches run under core banking solution (CBS)

d) Powerful capital base

e) High proportion of long term accountabilities

f) Differentiated asset portfolio


Services:

Some of the standard services of UCO are as follows:

a) Personal banking

b) Loans

c) Home loans

d) Interest rates

e) Foreign currency deposits

f) Remittances

g) International banking

h) Fixed deposit interest rates

i) Corporate banking

j) Rural banking

k) NRI banking

l) MSME

m) NRO

n) Debit cards

o) Government business


Latest Current Affairs of UCO Bank:

Recently, UCO Bank facilitated oil-related transactions with Iran

For more information go through the following link

https://www.ucoebanking.com/


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