UCO Bank
UCO Bank is a Kolkata-headquartered public sector commercial bank majority-owned by the Government of India, offering retail, MSME, and corporate banking services across India with a 60% rural and semi-urban branch footprint.
- Company typePublic
- Founded1943
- HeadquartersKolkata, India
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What UCO Bank does
UCO Bank is a Kolkata-headquartered public sector commercial bank under majority Government of India ownership (90.95-93.85% stake), listed on NSE/BSE under ticker UCOBANK. The bank traces its origins to the 1980 merger of United Bank of India (founded 1943) and Union Bank of India (founded 1950) and operates a traditional core banking platform extended with digital channels including UPI, internet banking, and mobile banking. As of Q4 FY26, UCO Bank reported total business of Rs 5.89 lakh crore (advances of Rs 2.62 lakh crore and deposits of Rs 3.27 lakh crore), 10,000+ employees, and 60% branch reach into rural and semi-urban India, distinguishing it from larger PSU peers.
The bank's product portfolio spans retail banking (CASA, vehicle and housing loans), MSME lending (Rs 46,000 crore book), and corporate banking (35% of total advances), with recent growth concentrated in retail and MSME. Revenue is generated primarily through net interest income on advances, supplemented by fee-based income (Rs 516 crore in Q4 FY26, up 32.6%) and treasury operations. The bank's distribution model combines an extensive physical branch network with channel partnerships for dealer financing, notably MoUs signed in mid-2026 with Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility (inventory funding), SML Mahindra (commercial vehicle retail financing), and Tata Hitachi (construction equipment collaboration). Strategic positioning emphasizes financial inclusion in underserved geographies, competitive USD FCNR(B) deposit rates above 7%, and improving asset quality (Gross NPA down to 2.17% from 2.69%, Provision Coverage Ratio at 97.79%, Capital Adequacy Ratio at 18.61%).
UCO Bank firmographics
Firmographics- Name
- UCO Bank
- Legal name
- UCO Bank
- Website
- https://ucobank.com
- Company type
- Public
- Founded year
- 1943
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- UCO Bank is a Kolkata-headquartered public sector commercial bank majority-owned by the Government of India, offering retail, MSME, and corporate banking services across India with a 60% rural and semi-urban branch footprint.
- Ownership category
- akta.pro rank
UCO Bank industry classification
Industry- Product category
- Public Sector Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where UCO Bank is headquartered
LocationHeadquarters
- HQ city
- Kolkata
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
UCO Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from loans and advances minus interest paid on deposits. Primary revenue driver with declining NII of Rs 2,614 crore in Q4 FY26 due to one-time exceptional items in previous year.
- Fee-based Income: Non-interest income including processing fees, commission income, and service charges. Surged 32.6% to Rs 516 crore in Q4 FY26 driven by higher transaction volumes.
- Treasury Operations: Income from trading in government securities, forex, and other treasury activities. Bank reported Rs 16 crore treasury loss in Q4 due to rising interest rates and forex market corrections.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | FCNR(B) deposits - 3 to 5 year tenures offering over 7% on USD deposits |
| Other | Annual | Final dividend of Rs 0.44 per share for FY26 |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
UCO Bank product offering
Product offeringCore offering
UCO Bank is a public sector commercial bank providing retail banking, MSME lending, corporate banking, and deposit products including CASA accounts, vehicle loans, housing loans, and dealer inventory financing. The bank serves individual consumers, small businesses, large corporates, and automobile dealers through its branch network and digital banking platforms across India.
Product overview
UCO Bank is a state-owned public sector bank (PSU) offering a comprehensive suite of banking products and services. The bank operates a platform model providing retail and corporate banking services, with distinct product lines covering deposits (CASA), retail loans (vehicle and housing), MSME lending, and corporate financing. The bank has established strategic partnerships with automobile manufacturers to offer dealer inventory funding and retail financing solutions. Growth is concentrated in retail and MSME segments with corporate lending comprising a significant portion of the portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail Banking Services Personal banking services including deposits, savings accounts, and retail loan products such as vehicle loans and housing loans, serving individual customers across India.
- MSME Loans
Quantifiable outcome
- 23% increase in Q4 net profit to Rs 801 crore
- +7 more outcomes
Companies that use UCO Bank
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles1 record
UCO Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
UCO Bank partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Passenger Electric Mobility Ltd. (TPEM)coreUCO Bank signed an MoU with Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. to offer customised inventory funding solutions to authorized dealers. The partnership covers both internal combustion engine and electric vehicles, helping dealers manage working capital requirements more efficiently. The collaboration aims to strengthen dealer operations and deliver a smoother buying experience across the Tata Motors dealer network.
- Tata HitachiminorUCO Bank and Tata Hitachi signed a Memorandum of Understanding to strengthen collaboration between the banking and construction equipment sectors. The partnership aims to enhance cooperation, create new opportunities for customers and stakeholders, and expand reach through strategic partnerships. Further details regarding the scope and benefits are expected to be announced.
- SML MahindracoreSML Mahindra, an Indian commercial vehicle manufacturer, signed an MoU with UCO Bank to provide customised retail financing solutions for vehicle purchases across India. The partnership offers competitive interest rates, quick loan approvals, simplified documentation, and flexible repayment options targeting entrepreneurs and fleet operators. Both companies aim to enhance access to finance for commercial vehicle buyers and support small businesses.
Scale indicators13 records
Recent moves9 records
Expansion highlights6 records
UCO Bank competitors and assessment
Company assessmentDirect peers
- Union Bank of India: Indian PSU commercial bank with comparable business mix. Notable historical connection: UCO Bank was formed from the merger of United Bank of India and Union Bank of India in 1980.
- Bank of India: Indian PSU commercial bank offering retail, MSME, and corporate banking. Both banks were named in the same CBI chargesheet in the builder-bank nexus case.
- Indian Overseas Bank: Indian PSU commercial bank bundled with UCO Bank in government's coordinated OFS plan. Similar size, government ownership, and product offerings make it a direct comparable.
- State Bank of India: Largest Indian PSU commercial bank with similar retail, MSME, and corporate banking offerings. Direct comparable for peer benchmarking given common government ownership structure and overlapping product suite.
- Indian Bank: Indian PSU commercial bank with similar government ownership, retail/MSME focus, and digital banking transformation. Comparable in scale and product mix.
- Bank of Baroda: Large Indian PSU commercial bank with similar full-service banking across retail, MSME, and corporate segments. Comparable in scale, product mix, and government ownership structure.
- Central Bank of India: Indian PSU commercial bank with similar scale, government ownership structure, and full-service retail/MSME/corporate banking offering. Direct peer for benchmarking.
- Canara Bank: Major Indian PSU commercial bank offering retail, MSME, and corporate banking. Direct comparable for peer benchmarking in the mid-to-large PSU banking category.
- Punjab National Bank: Indian PSU commercial bank with comparable retail, MSME, and corporate banking operations. UCO Bank's incoming MD & CEO was previously Chief General Manager at PNB, and both banks are part of the government's coordinated OFS plan.
Broad incumbents
- HDFC Bank: India's largest private sector bank with overlapping retail, MSME, and corporate banking capabilities. While not a direct peer in ownership structure, it competes with UCO Bank in retail/MSME lending and deposit gathering, setting market benchmarks for valuation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights8 records
Customer concentration
UCO Bank social profiles
Digital presenceUCO Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
UCO Bank leadership team
Management profileNumber of profiles
Profiles3 records
UCO Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
UCO Bank M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about UCO Bank
What does UCO Bank do?
UCO Bank is a public sector commercial bank providing retail banking, MSME lending, corporate banking, and deposit products including CASA accounts, vehicle loans, housing loans, and dealer inventory financing. The bank serves individual consumers, small businesses, large corporates, and automobile dealers through its branch network and digital banking platforms across India.
Is UCO Bank a public or private company?
UCO Bank is a public company. It is classified as public and is currently operating.
When was UCO Bank founded?
UCO Bank was founded in 1943. It employs 5,001 to 10,000 people.
Where is UCO Bank based?
UCO Bank is headquartered in Kolkata, India, in the Asia region.
How does UCO Bank make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are fee-based Income and treasury Operations.
Who are UCO Bank's main competitors?
Direct peers on record are Union Bank of India, Bank of India, Indian Overseas Bank, State Bank of India, Indian Bank, Bank of Baroda, Central Bank of India, Canara Bank and Punjab National Bank. HDFC Bank is listed as a broad incumbent.
Does UCO Bank have an API?
No public API is recorded for UCO Bank.
What industry is UCO Bank in?
UCO Bank's product category is Public Sector Banking. Its primary akta.pro industry code is FSABAKAL, Public Sector Retail Banks (State-Owned Commercial Banks), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.