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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]
Bank name Established Headquarters Branches Total assets Revenues Refs Axis Bank: 1993: Mumbai, Maharashtra: 5,377 ₹ 1,518,238 crore (US$180 billion) ₹ 106,155 crore (US$13 billion) [24]
Union Bank of India, commonly referred to as Union Bank, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.21,36,405 crores as of 30 June 2024. [ 7 ]
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Goel started his career in 1992 as a Chartered Accountant in Allahabad Bank. In 2016, he joined Union bank as an executive director after which in 2018 he was appointed as the MD of UCO Bank. In 2021, he joined Punjab National Bank as the Managing Director and Chief Executive Officer. He is also the Chairman of the Indian Bank's Association (IBA).
The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [ 1 ] The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks.
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. Imperial Bank of India was succeeded by State Bank of India in 1955 and State Bank of Pakistan in 1948 respectively whose origins can be traced back to the Bank of Calcutta. It ...
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