Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent personalities like accountant. We are in the Service of Community since 1943. We have over 3000 Service Units spread all over India. We also operate in two Major International Financial Centres, namely Hongkong and Singapore. We have our Correspondents/Agency arrangements all over the world. We undertake Foreign Exchange Business in more than 50 Centres in India.
Location: India, Maharashtra, Mumbai Metropolitan Region
Employees: 10001+
Founded date: 1943
Mentions in press and media 36
| Date | Title | Description |
| 15.01.2025 | Punjab & Sind Bank eyes ₹2,000-crore QIP fundraise in Q4FY25: MD & CEO Swarup Kumar Saha | Punjab & Sind Bank (PSB) will tap the Qualified Institutional Placement (QIP) route to raise capital this quarter, its Managing Director Swarup Kumar Saha said on Wednesday. This State-owned lender is one of the five public sector banks... |
| 11.01.2025 | Indian Banks Navigate Troubled Waters: A Focus on Recovery and Expansion | In the ever-evolving landscape of Indian banking, two public sector lenders, Indian Overseas Bank (IOB) and UCO Bank, are charting distinct paths. One is grappling with the heavy burden of non-performing assets (NPAs), while the other is ex... |
| 09.01.2025 | IOB invites EOIs for ₹11,500-cr NPA sale via e-auction | Public sector lender Indian Overseas Bank (IOB) has announced the sale of 46 stressed accounts worth ₹11,500 crore as part of its ongoing efforts to improve asset quality. The bank has invited Expressions of Interest (EOIs) from Asset Recon... |
| 08.01.2025 | UCO Bank focussing on South India, Maharashtra and Gujarat to expand footprint | Public sector lender UCO Bank is focussing on South India, Maharashtra and Gujarat to expand its footprint nationally. The Kolkata-headquartered bank currently has a strong presence in East and North India. On the occasion of its 83rd Found... |
| 19.10.2024 | UCO Bank Q2 net up 50% at ₹602.74 crore as operating profit soars | State-run lender UCO Bank on Saturday reported around 50 per cent year-on-year growth in its net profit to ₹602.74 crore for the second quarter this fiscal, backed by over 45 per cent y-o-y rise in its operating profit. The Kolkata-based ba... |
| 20.09.2024 | IMPS transaction fraud: Over 90% of money recovered, actions on to recover rest of money, says UCO Bank MD | State-run UCO Bank has recovered more than 90 per cent of the “erroneous credits” which certain account holders of the bank had received via Immediate Payment Service (IMPS) last year and actions are on to recover the rest of the money, its... |
| 27.08.2024 | Just Words, Plutos ONE, InsurancePadosi, and build3 Raise Funding The startups listed below have disclosed investment rounds. | Just Words Secures USD 1.7 Mn Funding from Peak XV Partners and Y Combinator AI-first marketing platform, just words, secured USD 1.7 million in a seed funding round led by Peak XV Partners and Y Combinator. The company aims to revolutionis... |
| 29.07.2024 | PSBs collected around ₹8,500 crore for not maintaining minimum balance in accounts between FY20 and FY24 | Even after the country’s top lender State Bank of India decided not to levy penalty for maintaining minimum balance in accounts after FY20, amount collected by Public Sector Banks (PSBs) for the same has increased by over 34 per cent in fiv... |
| 29.07.2024 | Pune-Sholapur Road Restructure Allocates Rs 3.34 billion to Lenders Infrastructure Today Conclave: Towards a Viksit Bharat @ 2047 Construction entities will maintain healthy revenue growth: ICRA Top 1... | ROADS & HIGHWAYS Pune-Sholapur Road Restructure Allocates Rs 3.34 billion to Lenders 29 Jul 2024 3 Min Read CW Team Ten banks, led by Bank of India (BoI), have received Rs 3.34 billion from the toll collections accumulated by the Pune S... |
| 04.07.2024 | Bank of Maharashtra, UCO Bank report strong credit growth in Q1 | Public sector banks seem to have started FY25 on a strong note, clocking robust credit growth, going by provisional business updates of Bank of Maharashtra (BoM) and UCO Bank for the first quarter of FY25. However, deposit growth of these b... |
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