UCO Bank

The idea of a truly Indian bank was first conceived of by Mr. G.D Birla, the doyen of Indian Industrial renaissance, after the historic “Quit India” movement in 1942. Soon this nascent idea came into reality and, on the 6th of January 1943, The United Commercial Bank Ltd. was born with its Registered and Head Office at Kolkata. The very first Board of Directors was represented by eminent personalities of the country drawn from all walks of life, and this all-India character of the Bank has been assiduously maintained till date not only in the composition of its Board but also in the geographical spread of its more than 3000 in the country as well as in its overseas centres in Singapore and Hong Kong.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. This historic event brought about a sea-change in the entire fabric of the bank’s thinking and activities, commensurate with the government’s socio-political approach of mass banking as against class banking hitherto practised. The Bank had gone for Rs.200 crore of IPO during the year 2003-04 and is now a listed Company.

Bank Name UCO Bank
Stock Exchange NSE
Sector Financial Services
Industry Banks – Regional – Asia
Country India
World Region Asia
CEO Mr. Ravi Krishan Takkar
Employees 24620
Website www.ucobank.com
Registered Year 1943


Currency in INR        
  2018 2017 2016 2015
  ₹ cr ₹ cr ₹ cr ₹ cr
Total interest income 14.02 16.33 18.56 19.36
Total Interest Expenses 10.9 12.51 13.71 13.8
Net Interest income 3.12 3.82 4.85 5.56
Total Net Revenue 4.25 5.93 6.44 7.57
Earnings per share        
Basic 25.23 13.29 26.03 11.2
Diluted 25.23 13.29 26.03 11.2
Total current assets 14.75 22.34 22.99 25.98
Other assets 127.47 132.13 135.03 154.6
Total assets 216.06 231.34 244.88 245.92
Total current liabilities 181.85 206.45 208 215.39
Total liabilities 201.1 218.59 232.36 233.37
Total Equity 14.96 12.75 12.52 12.55
Net income        
Net cash provided by operating activities 3.85 2.98 7.86
Net cash used for investment activities 0.13 0.13 0.16
Net cash provided by financing activities 3.61 0.58 0.55
Source: www.ucobank.com        
Currency in Rupees, All Numbers in Crores.