The United Commercial Bank Limited
UCO Bank was incorporated in the year 1943 as The United Commercial Bank Limited. In July 1969 the Bank was nationalized and 100 per cent ownership was taken over by the Government of India. Thereafter the Bank expanded rapidly. In December 30 1985 the name of the Bank was changed to UCO Bank.
When was UCO Nationalised?
19th July 1969
Having traversed periods of expansion and consolidation, the Bank was nationalized by the Government of India on the 19th July 1969 whereupon 100 per cent ownership was taken over by the government in UNITED COMMERCIAL BANK.
Who established UCO Bank?
Ghanshyam Das Birla
UCO Bank/Founders
G.D Birla to form a truly Indian Bank which came into reality after ‘Quit India’ movement. The bank has headquartered in Kolkata. It got nationalised in the year 1969 and 100% ownership was taken over by Government in the bank.
In which bank UCO Bank is merged?
Table Showing the Merger List of PSU Banks
| Acquirer Banks | Banks to be Merged |
|---|---|
| PNB | Oriental Bank of Commerce (OBC), Allahabad Bank, Corporation Bank, Indian Bank |
| Bank of Baroda | Vijaya Bank, Dena Bank |
| Bank of India | Andhra Bank, Bank of Maharashtra |
| Canara Bank | UCO Bank, Syndicate Bank, Indian Overseas Bank |
What is the full from of UCO?
UCO Bank, (Hindi:यूको बैंक) formerly United Commercial Bank, established in 1943 in Kolkata, is a major government-owned commercial bank of India.
Is UCO Bank good bank?
UCO BANK Customer Reviews Win an exciting gift from Bankbazaar! As of 6 January 2013 the bank had 2550 Service Units spread all over India, with four overseas branches two each in Singapore and Hong Kong. The Bank has 44 Zonal Offices spread all over India. PROFIT 1109 Crores (2012) .
Who is the CEO of UCO Bank?
Atul Kumar Goel (Nov 2, 2018–)
UCO Bank/CEO
Born on December 26,1964, Shri Atul Kumar Goel assumed the charge as Managing Director & Chief Executive Officer of UCO Bank on November 02, 2018.
Is UCO a Nationalised bank?
UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is a major nationalised bank. It is under the ownership of Ministry of Finance , Government of India.
Is UCO Bank Private?
Is UCO Bank a government bank?
Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc.
When did United Commercial Bank change its name to UCO Bank?
The Government of India Nationalised United Commercial Bank on 19 July 1969. An act of Parliament changed the bank’s name to UCO Bank in 1985. Products : Consumer banking, corporate banking, Finance and Insurance, Investment banking, Mortgage Loans, Private banking,Wealth management
When did UCO Bank become an Indian Bank?
UCO bank formerly known as United Commercial Bank, incorporated on 6th of January 1943. It was vision of Mr. G.D Birla to form a truly Indian Bank which came into reality after ‘Quit India’ movement. The bank has headquartered in Kolkata. It got nationalised in the year 1969 and 100% ownership was taken over by Government in the bank.
Where is the headquarters of UCO Bank in Kolkata?
UCO Bank’s headquarters is on BTM Sarani, Kolkata . G. D. Birla, an eminent Indian industrialist, during the Quit India movement of 1942, conceived the idea of organising a commercial bank with Indian capital and management, and the United Commercial Bank Limited was incorporated to give shape to that idea.
Who are the Board of directors of UCO Bank?
As of November 2018, the UCO Bank Board of Directors has six members: The governance of the Bank all around the nation’s respective regional areas is managed by a network of 42 Zonal Offices present in major as well as crucial parts of the country.
