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UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services government owned body headquartered in Kolkata. [3] It is a medium sized public sector bank in India and ranked 1948 in Forbes Global 2000 list of year 2018 & ranked 80 on the Fortune India 500 list in 2020. [ 4 ]
General Post Office Building, the head post office of Kolkata. Reserve Bank of India Building, which houses the Eastern Zonal Office of Reserve Bank of India. [1] Western side of Writer's Building, the seat of Government of West Bengal. Lal Dighi, the huge square shaped lake-cum-park, which forms the B. B. D. Bagh is on one side of road.
The shareholders of the bank are the Government of India (50%), UCO Bank (35%) and the Government of West Bengal (15%). The bank's head office is located at Tikiapara, Howrah , West Bengal. As of 31 March 2019, the bank made a net profit of ₹ 67.97 million (US$800,000)
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This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
The Reserve Bank of India assisted the banks in amalgamating to form United Bank of India. [2] In 1961, UBI merged with Cuttack Bank (est. 6 June 1913) and Tezpur Industrial Bank (est. 6 June 1918, as the first commercial bank in Assam province). [3] Four years later, in 1965, the government of Pakistan took over the bank's branches in Pakistan.
FGII has partenered with banks like Bank of Maharashtra, UCO Bank and Bank of India etc to promote motor, home, health, and rural insurance products. [ 8 ] [ 9 ] In May 2022, Generali completed the acquisition from Future Enterprises of approximately 25 per cent stake in Future Generali India Insurance, and its stake in the JV has now gone up ...
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