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UCO Bank (UCOBANK) Business Profile
UCO Bank operates as a commercial bank in India. It accepts deposit products, such as current accounts, saving accounts, fixed deposits, recurring deposits, accounts in foreign currency, salary accounts, and fee collection accounts. The company also provides home, vehicle, mortgage, education, and personal loans; working capital financing; term loans; infrastructure finance; foreign currency loans; finance to exporters and importers; agriculture credit; and finance to micro and small enterprises. In addition, it offers debit cards and mobile banking services; and international banking services, including NRI banking, remittances, forex and treasury services, resident foreign currency deposits, and correspondent banking services to Indian customers, corporates, NRIs, overseas corporate bodies, foreign companies/individuals, and foreign banks. Further, the company provides government deposit schemes/bonds, pension payments/schemes, and tax collection services; and bancassurance products, mutual funds, and money transfer services. As of March 31, 2020, it operated 42 zones and 3086 domestic branches, as well as 2 overseas branches, including 1 each in Singapore and Hong Kong. The company was formerly known as The United Commercial Bank Ltd. and changed its name to UCO Bank in December 1985. UCO Bank was founded in 1943 and is headquartered in Kolkata, India. The ISIN of this stock is INE691A01018.