UCO Bank

Overview

UCO Bank is Indian state-owned commercial bank + NSE: UCOBANK BSE: 532505 + Government of India Ministry of Finance ~95%+ controlling + Indian retail + institutional investors free float + one of India's mid-sized state commercial banks + founded Jan 6 1943 in Kolkata India as United Commercial Bank by G. D. Birla + Jul 19 1969 Indian banking nationalisation + 1985 UCO Bank rebrand [1, in-cro].

History

Jan 6 1943 — United Commercial Bank founded in Kolkata India by G. D. Birla as Indian Marwari-owned commercial bank distinctive Indian banking heritage.

Jul 19 1969 — United Commercial Bank nationalised under Indira Gandhi-era Indian Banking Nationalisation Act consolidating into Government of India-owned commercial bank.

1985 — UCO Bank rebrand consolidating United Commercial Bank.

2014 — UCO Mobile banking app launch.

Ownership & operator

Operating entity: UCO Bank (Indian state-owned commercial bank; NSE: UCOBANK; BSE: 532505).

Major shareholders: Government of India Ministry of Finance ~95%+ controlling + Indian retail + institutional investors free float.

Regulators: Reserve Bank of India RBI + national regulators across 3+ countries.

Technical integration

UCO Mobile app (iOS + Android) + ucobank.com online + UCO Bank branch network across India + Hong Kong + Singapore international branches + UCO Visa + Mastercard + RuPay cards; RuPay Indian national card scheme + EMVCo QRCPS QR payments + Bharat QR (Indian national QR payment scheme) + UPI Unified Payments Interface (Indian instant payments) + Indian Rupee INR domestic transfers.

Implementations & partners

Major Indian banking + payments competitors: [[sbi-india]] (State Bank of India SBI) + [[hdfc-bank]] (HDFC Bank) + [[icici-bank]] (ICICI Bank) + [[axis-bank]] (Axis Bank) + [[pnb-india]] (Punjab National Bank PNB) + [[canara-bank]] (Canara Bank) + [[bob-india]] (Bank of Baroda BOB) + [[boi-india]] (Bank of India BoI) + [[iob-india]] (Indian Overseas Bank IOB) + [[central-bank-india]] (Central Bank of India CBI) + [[upi]] (Unified Payments Interface UPI).

Regulators: Reserve Bank of India RBI + national regulators across 3+ countries.

Status

Active, Indian state-owned commercial bank + NSE:UCOBANK BSE:532505 + Government of India Ministry of Finance ~95%+ controlling + one of India's mid-sized state commercial banks + founded Jan 6 1943 in Kolkata India as United Commercial Bank by G. D. Birla + Jul 19 1969 Indian banking nationalisation + 1985 UCO Bank rebrand [1, 2].

Sources

• 1 UCO — official
• 2 UCO — Wikipedia
• in-cro In-corpus: reports/countries/IN-india.md

Source

Biography extracted from uco-india.md. See matrix.md for standards-support matrix if present.