When was UCO Bank established?

When was UCO Bank established?

January 6, 1943
UCO Bank/Founded
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.

Who is the owner of UCO Bank?

Government of India
Ministry of Finance
UCO Bank/Parent organizations

How many UCO banks are there in India?

As of 30 March 2017 the bank had 4,000 plus service units 49 zonal offices spread all over India. It also has two overseas branches in Singapore and Hong Kong. UCO Bank’s headquarters is on BTM Sarani, Kolkata.

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

Is UCO Bank A private bank?

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 Private?

UCO Bank, too, is unlikely to be privatised as two Kolkata-headquartered PSBs have already been amalgamated (United Bank of India with PNB and Allahabad Bank with Indian Bank).

Is UCO Bank good bank?

UCO bank is a good account to use. Opened the UCO bank account last 6 months back and i am maintaining a balance of Rs. 45000 in this account. I am using their Internet banking facility and its very convenient to use but i never experienced of the mobile banking.

Which bank will not be privatised?

Also, State Bank of India is not being privatised. This leaves the room open for only six banks – UCO, IOB, Central Bank, Bank of Maharastra, Punjab and Sind Bank, and Bank of India for privatisation.

Which is better SBI or UCO Bank?

Lowest Interest rate of SBI Home Loan is 6.70%, which is lower than the lowest interest rate of UCO Bank at 6.90% and hence, SBI is offering a cheaper loan option. SBI has a maximum processing fee of ₹ 10,000 compared to UCO Bank with higher processing fees of ₹ 15,000.

Is UCO Bank a government bank?

Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking.