uco bank (UCO) Details

UCO Bank, a commercial bank, provides retail banking, corporate banking, treasury, and other banking services to individual and corporate customers in India. Its deposit products include no-frills savings bank accounts; money back recurring deposits; friend-in-need schemes; two-way deposit schemes; flexible fixed deposit schemes; special deposit schemes for senior citizens; current accounts in foreign currency at Indian branches; fixed deposits in foreign currency at overseas branches; tax saver deposit schemes; and recurring deposit schemes. The company’s loan products comprise housing finance schemes; car loans; working capital financing and term loans for retail and wholesale traders; education loans; personal loan schemes for domestic needs, such as marriage, medical, traveling, and other social obligations; loans against the security of future receivables; mortgage loans; and loans against financial securities issued by central and state governments. Its loan products also include real estate loans; short term loans to pensioners; two-wheeler finance schemes; financing for earnest money deposits for booking housing plots/flats; reverse mortgage loan schemes for senior citizens; interest subsidy schemes for housing the urban poor; and term loans/cash credit for doctors. In addition, the company offers international banking services, including NRI banking, foreign currency loans, finance/services to exporters and importers, remittances, foreign exchange and treasury services, and correspondent banking services to Indian customers, corporates, NRIs, overseas corporate bodies, and foreign companies/ individuals. As of March 31, 2012, it had 8 circle offices; 36 zones; and 2394 branches, which include 2 in Singapore and 2 in Hong Kong. The company was formerly known as The United Commercial Bank Ltd. and changed its name to UCO Bank in 1985. UCO Bank was founded in 1943 and is headquartered in Kolkata, India.

uco bank (UCO) Top Compensated Officers