UCO Bank - Company Profile
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UCO Bank (UCO) offers a wide range of financial services. The bank's main activities include providing working capital facilities, sanctioning project loans, and offering non-project loans for capital goods or asset creation. UCO's major services encompass infrastructure finance, loans against future rent receivables, and funding for various projects, along with value-added services such as government business and forex & derivatives. The bank serves a diverse customer base, including businesses in trading and manufacturing, exporters, and individuals across sectors like power generation, telecommunication, and construction. UCO provides insurance solutions through partnerships and delivers its services through a network of branches across India and its online platform. The bank's target market includes individuals, corporations, NRIs, overseas corporate bodies, foreign companies, individuals, and foreign banks. UCO is headquartered in Kolkata, West Bengal, India.
Headquarters
India
Address
10, Biplabi Trailokya Maharaj, Kolkata, West Bengal, 700001
Website
www.ucobank.com
Telephone
91 33 22254120
No of Employees
21,049
Industry
Financial Services
Ticker Symbol & Exchange
UCOBANK (NSE)
Revenue (2024)
$3.5B
17.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
47.6%
(2024 vs 2023)
Market Cap*
$3.6B
Net Profit Margin (2024)
XYZ
25.9%
(2024 vs 2023)
* As of and is in US$
UCO Bank premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts: | Treasury |
| Savings Accounts | Foreign Exchange and Derivatives |
| Current Accounts | Transfer and Payment |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In April, the bank, Bank of Baroda, Central Bank of India, and Indian Overseas Bank joined PSBXchange, a unified SCF platform by PSB Alliance and Veefin Solutions. |
| 2023 | Regulatory Approval | In November, the bank secured an approval from RBI to join the Central Bank Digital Currency initiative. |
| 2023 | Contracts/Agreements | In March, the bank announced a bancassurance collaboration with Aditya Birla Health Insurance Co Ltd and Aditya Birla Capital Ltd.’s health insurance joint venture for the distribution of health insurance products through the bank’s branches across India. |
Competitor Comparison
| Key Parameters | UCO Bank | Canara Bank | Punjab National Bank | IDFC First Bank Ltd | Central Bank of India |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Kolkata | Bangalore | New Delhi | Mumbai | Mumbai |
| State/Province | West Bengal | Karnataka | Delhi | Maharashtra | Maharashtra |
| No. of Employees | 21,049 | 81,260 | 102,746 | 42,190 | 33,081 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ashwani Kumar | Managing Director; Director; Chief Executive Officer | Executive Board | 2023 | - |
| Sujoy Dutta | General Manager - Finance Department | Senior Management | - | - |
| Aravamudan Krishna Kumar | Chairman | Non Executive Board | 2024 | 72 |
| Rajendra Kumar Saboo | Director | Executive Board | 2022 | - |
| Vijaykumar Nivrutti Kamble | Director | Executive Board | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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