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UCO Bank Full Form is United Commercial Bank

 

What is the full form of UCO Bank

UCO Bank: United Commercial Bank

 

UCO Bank stands for United Commercial Bank. It’s a Govt. of India Undertaking as well as a marketable bank. Its Board of Directors comprises government officers and prestigious professionals like accountants, operation experts, businessmen, economists etc. Its headquarters is in Kolkata. The current (as of October 2017) MD & CEO of UCO Bank is ShriR.K. Takkar.

 

Vision

Its vision is to be a most trusted, respected and world class fiscal institution and to be the most favored place for every client and investor.

 

Mission

To achieve sustained growth of business and profitability.

To fulfill the socio-profitable scores.

To exceed in client service by upgrading the chops of staff and through state-of-the- art technology.

 

Strengths

Country-wide presence

Strong Capital Base

High Proportion of Long Term Arrears

Diversified Asset Portfolio

Large and Diversified Client Base

All Branches operate under Core Banking Solution (CBS)

 

Services

UCO Bank is in the service of community since 1943. Moment, it has further than 3000 Service Units in different metropolises of the country. It also operates in Hong Kong and Singapore and has reporters each over the world. It has further than 50 centres in India for Foreign Exchange Business. Some of its popular services are as follows

 

UCO Bank Full Form

 

Personal Banking

Corporate Banking

International Banking

Rural Banking

MSME

Govt. Business

 

Organization Structure

It has 42 Zonal Services in different corridor of the India. The branches in different geographical areas report to the separate zonal services. The zonal office is headed by Senior Executive or Deputy General Manger grounded on size of business and significance of position. The zonal office reports to the circle office which is headed by General Directors or elderly Deputy General Directors.

 

Detail History

The United Commercial BankLtd. was established on 6 January 1943 with its head office in Kolkata.

It was nationalized by the Government of India on 19 July 1969 and 100 power was taken over by the government.

In the time 2003-04, it had gone forRs. 200 crore of IPO.

As of 3rd March 2012, the Government Share- holding of the Bank was65.19 percent.

In 1972, the bank shouldered an exercise in organizational restructuring to expand its business.

In 1983, the convenorship of State Level Bankers’Committee (SLBC) was entrusted on the Bank for Odisha and Himachal Pradesh.

In 1985, It was renamed UCO Bank by an act of Parliament.

 

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