UCO Bank

About UCO Bank

UCO Bank, previously known as United Commercial Bank, is a leading commercial bank in India. Founded in Kolkata in 1943, UCO Bank is one of the oldest Indian banks as well. It was the eminent Indian industrialist Ghanshyam Das Birla who, during the Quit India Movement of 1942, thought of establishing a commercial bank with Indian capital and management. United Commercial Bank was the outcome of that idea. It, along with 13 others, was nationalized on July 19, 1969. In the year 1985, its name was changed to UCO Bank. Currently, UCO Bank has around 2000 Service Unites spread all across the nation. It also has two overseas branches in Hong Kong and Singapore.

UCO Bank has its presence in all segments of the economy including Industry, Agriculture, Infrastructure Sector, Service Sector and Trade & Commerce. It works towards becoming one of the most trusted and admired financial institution as well as the most sought-after destination for the customers and investors.

UCO Bank has a large number of Service Units (around 2000) located across the nation and overseas. These also include specialized and computerized branches. It also has its Correspondents / Agency arrangements all across the world. UCO Bank also carries out Foreign Exchange Business in more than 50 centers across the nation with 4 Foreign Exchange Dealing Operations centers.

Financial Results

Following table represents the Financial Results of UCO Bank for the year 2009:

(` in Lakhs)

Particulars	Quarter Ended 30.09.09	Year Ended 31.03.09
Interest Earned	238423	812138
Other Income	22559	101990
Total Income	260982	914128
Total Expenditure	224221	793966
Net Profit	20772	55772

Offerings

UCO Bank offers a range of products and services to its customers, which include various deposit schemes, loan schemes, services for the NRIs, international banking etc.

Deposit Schemes

Following deposit schemes are offered by UCO Bank:

• No-frills Savings Bank Account
• Money Back Recurring Deposits
• Friend-in-Need Scheme
• Two-way Deposit Scheme
• Lakshmi Yojana
• Kuber Yojana
• Flexible Fixed Deposit Scheme
• Special Deposit Scheme for Senior Citizens
• Current Account in Foreign Currency at Indian Branches
• Fixed Deposits in Foreign Currency at Overseas Branches
• Revised Minimum Balance Schedule
• UCO Tax Saver deposit Scheme - 2006
• UCO Premium Plus

Loan Schemes

Following loan schemes are offered:

• UCO Shelter
• UCO Car
• UCO Trader
• Education Loan
• UCO Cash
• UCO Rent
• UCO Mortgage
• UCO Securities
• UCO Real Estate
• UCO Nari Shakti
• UCO Shopper
• UCO Pensioner
• UCO Emd Loan
• UCO Swabhiman - Reverse Mortgage Loan Scheme for Senior Citizen
• Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)

NRI Corner

UCO Bank offers a range of services for the NRIs. Following are the services that NRIs can choose from:

• Deposit Schemes
• Foreign Currency Non Resident (FCNR-B) Deposits
• Resident Foreign Currency (RFC) Deposits
• Non Resident External (NRE) Deposits
• Non Resident Ordinary (NRO) Deposits
• Remittance to India
• Loans to NRIs
• Against Deposits
• NRI Home Loans

International Banking

Following international banking services are offered;

• Products & Services
  • NRI Banking
  • Foreign Currency Loans
  • Finance/Services to Exporters
  • Finance/Services to Importers
  • Remittances
  • Forex & Treasury Services
  • Resident Foreign Currency (Domestic) Deposits
  • Correspondent Banking Services
  • General Banking Services
• Foreign Currency Loans
• Finance/Services to Exporters
• Finance/Services to Importer
• Remittances
• Forex & Treasury Services
  • Forex Inter Bank Placements/Borrowings
  • Sale & Purchase of currency on behalf of customers
  • Forward Cover Bookings
  • Cross Currency Swaps
  • Interest Rate Swaps (IRS)
  • Forward Rate Arrangements (FRAs)
  • Forex Money Market Operations
• Resident Foreign Currency (Domestic) A/Cs
• Correspondent Banking Services

Address

UCO Bank
International Wing
10, B T M Sarani,
Kolkata - 700 001
India
Tel: +91-33-2234-1756
Web: www.ucobank.com

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