UCO Bank is a commercial bank headquartered in Kolkata, India. Established in 1943, it is one of the oldest and major banks in the country. The bank was previously known as United Commercial Bank, but it rebranded itself as UCO Bank in 1985.

UCO Bank offers a wide range of banking products and services. It provides various deposit schemes, including savings accounts, current accounts, term deposits, recurring deposits, and fixed deposits. The bank also offers loans and advances such as personal loans, housing loans, vehicle loans, and agricultural loans.

Additionally, it provides services for foreign exchange, credit cards, online banking, and wealth management. The bank operates not only in India but also on a global scale. UCO Bank has several overseas branches, representative offices, and subsidiaries in countries like Singapore, Hong Kong, and Dubai.

Its subsidiary, UCO VISA Debit Card International, offers Visa debit cards to its customers. UCO Bank also has a joint venture with another Indian bank, Bank of India, called India International Bank (Malaysia) Berhad. In terms of market position, UCO Bank is a mid-sized bank in India.

It faces tough competition from both public and private sector banks in the country. However, it has established a loyal customer base over the years. In recent years, UCO Bank has undergone several significant changes to improve its growth prospects.

It has implemented strategic initiatives to strengthen its balance sheet and reduce non-performing assets. The bank has also introduced new digital banking services to enhance customer experience and drive innovation. As of the latest updates, UCO Bank has reported improved financial performance, reflecting its focus on recovery and risk management.

The bank continues to expand its presence domestically and internationally, aiming to provide comprehensive and innovative banking solutions to its customers. In conclusion, UCO Bank is a reputable Indian commercial bank that offers a range of banking products and services. It has a global presence with subsidiaries, joint ventures, and overseas branches.

While facing strong competition, the bank has implemented strategic initiatives and embraced digital banking to improve its market position and serve its customers effectively