About UCO Bank

UCO Bank is one of India’s premier public sector banks, founded in 1943 and headquartered in Kolkata, West Bengal. With over seven decades of rich history, the bank has built a strong reputation for providing comprehensive banking services, catering to a diverse customer base. It operates in both domestic and international markets, with branches and representative offices in key global locations such as Singapore and Hong Kong.

UCO Bank offers a wide array of banking products and services, including retail banking, corporate banking, treasury operations, and financial services for small and medium enterprises (SMEs). The bank has consistently been at the forefront of the banking industry in India, providing innovative solutions and contributing to the growth of India’s financial sector.

UCO Bank Business Segment

UCO Bank operates across several key business segments, including corporate/wholesale banking, retail banking, treasury, and other banking services. The bank has a vast network of domestic and international branches, enabling it to serve a diverse customer base across multiple regions. As of March 2025, UCO Bank has 43 Zones and 3,302 domestic branches, with additional international branches in Singapore and Hong Kong.

The bank’s business segments are strategically focused on:

1. Corporate Banking: Primarily serving businesses with financial solutions such as corporate loans and credit facilities.

2. Retail Banking: Offering financial products to individuals, including personal loans, mortgages, and savings accounts.

3. Treasury: Managing the bank’s investment activities, foreign exchange, and financial risk.

4. Other Banking Services: Including government services like tax collection and pension distribution.

UCO Bank Key Management

UCO Bank’s leadership is composed of a team of highly experienced professionals, including the Managing Director and Chief Executive Officer Ashwani Kumar, who oversees the bank’s operations and strategic direction. Other key executives play pivotal roles in managing various business functions, ensuring operational excellence across the organization.

Latest Updates on UCO Bank

During FY 2024-25, UCO Bank achieved several milestones:

• Business Growth: UCO Bank’s total global business reached Rs. 5,13,527 crore, a 14.12% increase over the previous year. The domestic business grew by 14.42%, reaching Rs. 4,71,683 crore.

• New Initiatives: The bank launched multiple initiatives, including UCO Green Deposits and UCO Saathi, a current account for co-operative banks.

• MSME Growth: The MSME loan portfolio grew significantly by 18.55%, with new schemes like UCO Arhatiyas and UCO MSME Nari Samman introduced to cater to diverse financial needs.

• Retail Loans: The retail loan portfolio saw a robust 35.09% growth year-on-year, driven by strong performances in home, vehicle, and personal loans.

• Digital Transformation: Project Parivartan, a major digital initiative, improved the bank’s digital lending and customer engagement platforms.