UCO Bank Promoters of UCO Bank: UCO Bank is managed by Central Government through Ministry of Finance, Government of India

(GoI). Sector to which UCO Bank belongs: UCO Bank is public sector bank which deals in Banking & Financial services sector. Year of inception: 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. Type of service products offered: 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
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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 o NRI Banking o Foreign Currency Loans o Finance/Services to Exporters o Finance/Services to Importers o Remittances o Forex & Treasury Services o Resident Foreign Currency (Domestic) Deposits o Correspondent Banking Services o General Banking Services Foreign Currency Loans Finance/Services to Exporters Finance/Services to Importer Remittances Forex & Treasury Services o Forex Inter Bank Placements/Borrowings o Sale & Purchase of currency on behalf of customers o Forward Cover Bookings o Cross Currency Swaps o Interest Rate Swaps (IRS) o Forward Rate Arrangements (FRAs) o Forex Money Market Operations Resident Foreign Currency (Domestic) A/Cs Correspondent Banking Services

Location of Head office of UCO Bank.

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Headquartered in Kolkata (Head Office: II, 3 & 4 DD Block, Sector-I, Salt Lake, Kolkata-700064), the Bank has 35 Regional Offices spread all over India. Branches located in a geographical area report to the Regional Office having jurisdiction over that area. These Regional Offices are headed by Senior Executives ranging upto the rank of General Manager, depending on size of business and importance of location. The Regional Offices report to General Managers functioning at Head Office in Kolkata. Major events related to the organization: UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of the oldest and major commercial bank of India. Ghanshyam Das Birla, an eminent Indian industrialist, during the Quit India movement of 1942. The bank, along with 13 other major commercial banks of India, was nationalized on 19 July 1969 by the Government of India. Its name was changed to UCO Bank, in 1985, by an act of Indian Parliament. As of 2005 the bank had 2000 Service Units spread all over India, with two overseas branches in Singapore and Hong Kong.

Vision and Mission of UCO Bank. Vision Statement: To emerge as the most trusted, admired and sought-after world class financial institution and to be the most preferred destination for every customer and investor and a place of pride for its employees. Mission Statement: To be a Top-class Bank to achieve sustained growth of business and profitability, fulfilling socio-economic obligations, excellence in customer service; through upgradation of skills of staff and their effective participation making use of state-of-the-art technology. Type of skill sets that may be useful for the student in that organization and industry as a whole: The candidate should have these skills:

Detailed understanding of various banking retail products. Understanding of the bank procedures and documentation related with each products. Awareness of regulatory norms and ability to work in regulated environment. Orientation towards generating high volumes. Fair knowledge of mathematics, statistics and financial terms and techniques. Good communication skills & ability to meet and chase targets. Ability to understand customer need and suggest suitable product. Patience and perseverance as well as presentable and pleasing personality.

Major Competitors:
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Other nationalised banks, to name a few, like: 1. State Bank of India 2. Punjab National Bank 3. Bank of Baroda 4. Allahabad Bank 5. Bank of India 6. Canara Bank 7. Central Bank of India 8. Corporation Bank 9. Dena Bank 10. Indian Bank Prominent Private Banks: 1. ICICI Bank 2. IDBI Bank 3. HDFC Bank 4. Indusind Bank 5. ING Vyasya 6. Centurion Bank 7. Catholic Syrian Bank Some additional information: Global banking has changed rapidly and UCO Bank has worked hard to adapt to these changes. The bank looks forward to the future with excitement and a commitment to bring greater benefits to its customers. UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide network of more than 2000 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism and growth! They are in the Service of Community since 1943. They have nearly 2000 Service Units spread all over India. They also operate in two Major International Financial Centres namely Hongkong and Singapore with their Correspondents/Agency arrangements all over the world. They also undertake Foreign Exchange Business in more than 50 Centres in India and have Foreign Exchange Dealing Operations at 4 Centres.

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