UCO Bank stands as one of India's prominent public sector banks, serving as a cornerstone of the country's financial landscape since its establishment. UCO Bank was founded in 1943 in Kolkata, India, by renowned industrialist G.D. Birla. UCO stands for United Commercial Bank and became a government-owned entity after nationalization in 1969. UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services government owned body headquartered in Kolkata.
The bank operates under strong government backing, with government shareholding in the Bank standing at 90.95% as of March 31, 2025. The market capitalization of the bank is ₹41,305 Crore (2025). This substantial government ownership ensures stability and regulatory compliance while positioning the bank as a key player in India's public sector banking system.
UCO Bank has built an impressive nationwide presence that extends beyond India's borders. The Bank's regional presence includes 3,302 domestic branches as of March 2025. Additionally, the Bank operates 2,613 ATMs across the country. The bank's international footprint is equally noteworthy, with 2 overseas branches (one each in Singapore and Hong Kong) and 1 representative office established in Tehran, Iran.
The bank's Singapore operations have a particularly rich history, having commenced from April 21, 1951, with the opening of the Singapore Main branch, and subsequently its Serangoon branch was opened in "Little India" on March 7, 1959. This international presence strengthens UCO Bank's position in global banking and cross-border financial services.
UCO Bank has demonstrated robust financial performance in recent quarters. For FY 2024–25, the Bank registered a net profit of ₹2,444.99 Crore, marking a growth of 47.85% over the previous year. The bank's overall business growth has been impressive, with the global business of the Bank reaching ₹5,13,527 Crore, compared to ₹4,50,007 Crore as on March 31, 2024, reflecting an increase of 14.12% year-on-year.
The quarterly performance for Q3 2024-25 shows continued momentum. UCO Bank's revenue jumped 15.49% since last year same period to ₹7,405.89 Crore. UCO Bank's net profit jumped 26.71% since last year same period to ₹640.16 Crore.
* Revenue (Q3 2024-25): ₹7,405.89 Crore
* Net Profit (Q3 2024-25): ₹640.16 Crore
* Net Profit Margin (Q3 2024-25): 8.64%
* Annual Revenue (FY 2024-25): ₹25,067 Crore
* Annual Net Profit (FY 2024-25): ₹2,445 Crore
UCO Bank has made significant strides in improving its asset quality metrics. UCO Bank's gross NPA ratio stood at 3.5% as of March 31, 2024, compared to 4.8% in the same period a year ago. This improvement reflects the bank's focused approach to risk management and recovery processes. The net NPA ratio of UCO BANK was 0.9% in financial year 2024, compared with 1.3% a year ago.
The bank maintains a strong capital position, with UCO BANK's capital adequacy ratio (CAR) at 17.0% as on March 31, 2024, as compared to 16.5% a year ago. This robust capital base provides the bank with adequate cushion to support business growth and absorb potential losses.
UCO Bank provides a comprehensive suite of banking services spanning retail, corporate, and treasury operations. UCO Bank is engaged in providing a wide range of banking and financial services, including Retail Banking, Corporate Banking, and Treasury Operations. The bank has embraced digital transformation, offering modern internet banking services that allow customers to manage their accounts online with UCO Bank Internet Banking, enabling secure fund transfers, utility payments, account access, and more—all from home.
The bank's commitment to technological advancement is evident through its comprehensive digital infrastructure, ensuring customers have access to modern banking conveniences while maintaining the security and reliability expected from a public sector institution.
UCO Bank's strategic positioning as a government-owned institution provides it with unique advantages in serving diverse customer segments. UCO Bank's headquarter is in BTM Sarani, Kolkata, making it the only Government of India owned bank in East India. This positioning allows the bank to play a crucial role in the economic development of eastern India while maintaining a strong national presence.
The bank's international operations, particularly its focus on facilitating India's trade relationships, positions it well for future growth. UCO bank is one of the special banks that facilitates the mechanism of Rupee-Rial and Rupee-Ruble trade of India between Iran & Russia, respectively.
UCO Bank continues to strengthen its market position through strategic initiatives, improved asset quality, and sustained financial performance, making it a significant player in India's public sector banking landscape with promising growth prospects ahead.
