UCO Full Form: United Commercial Bank Limited, Get Complete Details Here

The UCO full form is United Commercial Bank or UCO Bank which was founded by G.D. Birla, an eminent industrialist and philanthropist, in 1943. The headquarters of UCO Bank are located in Kolkata, West Bengal. For more details on UCO Bank, founder, headquarters, objectives, services provided, internal structure, members, selection process, exams conducted, check the details here.

UCO Full Name: History of United Commercial Bank Ltd

As you know UCO's full name is United Commercial Bank Ltd. It is one of the leading government banks in India at present. The idea of a truly Indian bank was first conceived of by Mr. G.D Birla, the doyen of Indian Industrial renaissance, after the historic "Quit India" movement in 1942. Here is a brief history of UCO Bank about its establishment: 

• Establishment (1943): UCO Bank, originally United Commercial Bank Ltd, was founded on January 6, 1943, in Kolkata by industrialist G.D. Birla, aiming to support India’s industrial and economic growth. 
• Nationalization (1969): The bank was nationalized in 1969, becoming a public sector entity under government ownership to enhance its role in financial inclusion and economic development.
• Renaming (1985): It was rebranded as UCO Bank in 1985 to simplify its identity and improve brand recognition.
  
  

Structure of UCO Bank:

The structure of the UCO Bank consists of the Board of Directors, operational divisions, and regional zones and branches.

• Board of Directors: Led by a Chairman and Managing Director (MD & CEO).
• Operational Divisions: Retail, corporate, and international banking handled by specialized departments.
• Regional Zones and Branches: A vast network of regional offices and branches ensuring robust customer services.

UCO’s Logo and Motto:

The logo of the UCO Bank represents its national responsibility towards the nation. The logo and motto description are given below here. 

 Logo: A hexagon featuring hands holding a lamp, symbolizing trust, protection, and guidance.

Motto: “Honours Your Trust,” reflecting reliability and transparency in banking services.

Mission and Objectives of UCO:

The mission of UCO Bank is to deliver innovative, customer-focused financial services while fostering sustainable economic growth, ensuring social responsibility, and building trust through transparency and excellence in banking.

Objectives:

The primary objectives of UCO Bank includes:

1. Supporting trade and industrial development in India.
2. Providing accessible financial services to individuals and businesses.
3. Enhancing financial inclusion by catering to rural and urban populations.
4. Focusing on customer satisfaction with innovative and secure banking solutions.

 Services provided by UCO Bank:

UCO Bank provides a variety of banking and financial services, including:

1. Personal Banking: Savings accounts, current accounts, loans, and fixed deposits.
2. Corporate Banking: Working capital loans, term loans, and financial advisory
3. Agricultural Banking: Loans and assistance for farmers and rural development.
4. Digital Services: Internet banking, mobile banking, and UPI services.
5. Other Services: Insurance, wealth management and credit/debit cards.

 Is UCO a Government Bank? 

UCO Bank is a government-owned bank. It became a public sector bank after its nationalization in 1969, along with 13 other major commercial banks in India. The Government of India holds the majority stake in the bank, making it a fully public entity dedicated to providing banking and financial services across the country.

 Chairman of UCO

Shri Aravamudan Krishna Kumar serves as the Non-Official Director and Non-Executive Chairman of UCO Bank.  Here are some details regarding UCO Chairman: 

Tenure: 3 years

Resignation: He can present his resignation to the Board of Suraksha Asset Reconstruction Limited.

Other Important Posts in UCO Bank

What Exams are Conducted by UCO Bank?

UCO Bank conducts various recruitments each year to fill up the vacant posts.  The eligibility criteria and selection process for each of the posts vary. Hence, candidates should check out the details for each post on the official website of UCO bank before applying. Given below is the list UCO bank exams:

• UCO Bank Clerk exam/Clerical Cadre Exam: For entry-level clerical positions such as Customer Services Representatives.
• Probationary Officer (PO) Exam: Entry-level management roles.
• Specialist Officer (SO) Exam: Specialized positions in fields like IT,HR, and Marketing.
• Local Bank Officer (LBO) Exam: An LBO works at the local or regional level, overseeing the operations within a specific geographical region or branch network.

UCO Bank Clerk Exam:

• Selection Process:
• Preliminary Exam: Includes sections on Reasoning Ability,Numerical Efficiency, and English language.
• Main Exam: Involves General Awareness /Financial Awareness, General English, Reasoning Ability and Computer Aptitude, and Quantitative Aptitude.
• Interview: Only those candidates who qualify the Main exam will appear for the interview.
• Eligibility Criteria: A candidate who is applying for Clerical Cadre exam shall be more than 20 years of age and less than 28 years of age.

UCO Bank PO Exam: 

• Selection Process:
• Preliminary Exam: Includes English Language, Logical Reasoning, and Quantitative Aptitude.
• Main Exam: Involves English Language, English (Essay & Letter Writing), General Awareness, Reasoning and Computer Aptitude, Data Interpretation and Analysis.
• Interview: Shortlisted candidates from the Main exam are called for the personal interview.

UCO Bank SO exam:  The UCO bank SO is a higher post that requires specialised skill. The UCO Bank SO salary is handsome with perks and benefits. The selection is done through a written exam and an interview. 

 UCO Bank LBO Exam: The Local Bank Officer (LBO) manages day to day banking operations. For example service delivery, managing of growth of deposits,  loans and other banking products, etc. Candidates who wish to apply for UCO Bank LBO can go through the UCO Bank eligibility criteria for more details. Candidates can also apply for UCO Bank LBO up to 5th February.  

• Selection Process for UCO Bank LBO:
• Online Test: Includes Reasoning and Computer Aptitude, General/Economy/Banking Awareness, English Language, Data Analysis and Interpretation.
• Language Proficiency Test: Candidate’s proficiency (reading, writing, and speaking) in the specified local language of the state will be checked.
• Interview: Finally the candidates who will clear both the stages are going to appear for the personal interview.

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