UCO Bank operates as a commercial bank in India. The company’s deposit products include current accounts, saving accounts, fixed deposits, recurring deposits, and accounts in foreign currency. Its loan products comprise consumer durable schemes; housing finance scheme; car loans; CA loans; working capital financing and term loans for retail and wholesale traders; education loans; loans for domestic expenses; loan against the security of future receivables; loans against financial securities issued by central and state governments; and mortgage loans. The company’s loan products also include real estate loans for promoters/developers; short term loans to pensioners; two-wheeler finance schemes; reverse mortgage loan schemes for senior citizens; education loan schemes for vocational education and training; term loans; and infrastructure finance. In addition, it offers debit cards and mobile banking services; and international banking services, including NRI banking, foreign currency loans, remittances, forex and treasury services, resident foreign currency deposits, and correspondent banking services to Indian customers, corporates, NRIs, overseas corporate bodies, foreign companies/individuals, and foreign banks, as well as finance/services to exporters and importers. Further, the company provides term loans for agricultural sector, gold loans, and finance to micro and small enterprises; public provident fund schemes and tax collection services; and Bancassurance products, mutual funds, and money transfer services. As of March 31, 2015, it operated a network of 3020 branches in India, 2 branches in Singapore, and 2 branches in Hong Kong; and 2096 ATMs. The company was formerly known as The United Commercial Bank Ltd. and changed its name to UCO Bank in December 1985. UCO Bank was founded in 1943 and is headquartered in Kolkata, India.
(UCO:National Stock Exchange of India)
10, B. T. M. Sarani
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