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Uco Bank IFSC Code and MICR Code:

Uco Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

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Uco Bank IFSC Code

About UCO Bank

UCO Bank was founded on 6th January 1943. Its head quarter is located at BTM Sarani, in Kolkata, in the state of West Bengal, in India. The area served by this bank is worldwide. It deals with exclusive products such as consumer banking, finance and insurance, corporate banking, investment banking, private banking, mortgage loans and wealth management. As per the official report of 2014, its profit indicated an increase of Rs. 2510 Crores. It is owned by the Government of India. Its number of employees is 30,109 as of 2013. In the open market, it comes with slogan as "Honours Your Trust". The United Commercial Bank has made its regional presence with 3,000 ATMs and 3,200 branches. In the near future, it is planning to increase the number of Branches and ATMs.


UCO Bank comes with seven training college in India:

• Its Central Staff College is located at Kolkata
• Its Regional Training Centre is located at Ahmedabad
• Its Regional Training Centre is located at Bhubaneswar
• Its Regional Training Centre is located at Bhopal
• Its Regional Training Centre is located at Chandigarh
• Its Regional Training Centre is located at Chennai
• Its Regional Training Centre is located at Jaipur

 

UCO Bank IFSC Code and MICR code

The (Indian Financial System Code) is a special 11 digit alphanumeric code that perfectly recognises a particular bank and its branch which is participating in two of the main electronic fund transfer systems in India that are NEFT and RTGS in the open market. The IFSC code for United Commercial Bank permits you to immediately make money transactions on the internet through RTGS, NEFT or IMPS. With the support the interbank electronic fund transfer facility, you can easily transfer money to different banks.


The UCO Bank IFSC codes are rightly assigned by the Reserve Bank of India. So, each and every transaction is completely safe and secure. It is to be noted that the initial 6 characters of the code largely remain the same but the last 5 digits normally keep on changing with a change in the bank branch. The initial 6 digits of UCO Bank IFSC code are UCBA0******. The MICR code of UCO Bank is printed on the cheque left. It helps is successfully completing certain online business and financial transaction in a successful manner.


How to Search United Commercial Bank IFSC and MICR codes?

Finding UCO Bank IFSC and MICR codes is extremely easy because there is a list of comprehensive nature related to the codes for all the branches.
• You should initially change the bank name to UCO Bank in order to start your search.
• Just narrow down your desired options by entering the state, city and locality name of the bank branch.
• When you have filled in all the essential details and information, you will immediately get search results that will include phone numbers, address, IFSC code and MICR code of the branch.


Other Popular Banks IFSC Code

Uco Bank IFSC Code News:

UCO Bank auction 22 NPAs accounts worth Rs. 1,767 crore


In order to clear its statement of affairs the Public space lender. The UCO Bank decided to disclose NPAs (Non-performing assets) and auction it. The total value of these NPAs sum up to Rs.1, 767 crore. The UCO Bank on 7th August, 2016 requested EOIs assessment panel from ARCs, financial institutions, banks, and other worthy Non-Banking Financial Company’s for the suggested trade of twenty-two Non-performing assets accounts. In accordance to information present on bank’s web page. Any assets available for sale is sold on “as is where is” plus “as is what is” criteria and whether the trading will be in cash or through security receipts. The UCO Bank with its head office in Kolkata was the lowest performer among the other PSUs lenders. In last financial year the bank registered the topmost hike in non-performing assets in % basis in lieu of total loans. 15.43 per cent was the UCO bank’s gross NPAs ratio as reported on 31st March, 2016.

2016/08/10 12:54 AM

Change in directorate of UCO Bank


Mr Salahuddin Ansari who was appointed as a non official director on the board of the bank under section 9 (3)(h) of the Banking Companies (Acquisition and transfer of undertakings ) act 1970 by the govt. of India notification June 26 2013 for a period of three years has left office after the completion of his tenure.

2016/07/04 11:10 PM

UCO bank sees a sudden increase in issue of bonds according to a plan to raise Tier 1 capital


UCO bank plans to raise Tier I capital by issue of bonds worth Rs 4243 Cr.UCO bank is currently trading at a high of 0.15 points or 0.38 % high from its previous closing of Rs 39.55 on the BSE . It is currently trading at Rs 39.70.The stock opened at Rs 39.65 and touched a high of Rs. 40.10 and a low of Rs. 39.25. The shares traded so far over the counter were 191023.The BSE group A stock originally having a face value of Rs 10 has now touched a 52 week high of Rs 60.60 on June 22 2015 and a 52 week low of Rs 27.80 on Feb 15 2016. The last week high and low of the share were at Rs 39.95 and Rs 36.50 respectively. The current market cap of the company was Rs 5171.70 Cr.The holding of the promoters in the company was at Rs 72.83% while non institutions and institutions held 9.65% and 17.52% respectively.UCO bank received  the approval of  raising Tier 1 capital through issue of AT1 Bonds ,issues of equity shares through FPO/Preferential Issue/ESOPs/QIPs etc to the tune of Rs 4243 Cr.The board of directors approved of  the same on the meeting held on June 18,2016.The board also plans to raise a Tier II capital to the tune of Rs 1500 Cr during the fiscal year 2016-17 and 2017-18 dependent upon the market conditions.UCO bank is a government of India undertaking and a commercial bank. The bank offers a lot of services including Personal and corporate banking including rural and other services.

2016/06/23 01:35 AM

UCO bank has approved raising a Tier 1 capital of Rs 4243 Cr


The UCO bank has has approved raising a Tier I capital of Rs 4243 Cr. The UCO bank also said that the board has approved raising a Tier II capital of Rs 1500 Cr during FY 2016-17 and 2017-18 depending upon the condition of the market.The state run bank said on Saturday that the board has given approval for a proposal to raise 4243 Cr Tier 1 capital by issuing bonds and equity shares.The board of directors held a meeting on June 18,2016 and approved the proposal of raising Tier 1 capital of the tune of Rs 4243 Cr by issuing AT-1 bonds and issuing equity shares through IPO/preferential issue/ESOPs/QIPs etc the bank was noted to say during the BSE filing. UCO bank was further noted to be saying that the board also approved the proposal to raise Tier 2 capital of the tune of  Rs 1500 Cr by issuing Tier II bonds during 2016-17 and 2017-18 depending upon the conditions of the market.  

2016/06/20 09:07 PM

On marginal cost, UCO Bank revises lending rates


With effect from April 1st, 2016, one of the best Public sector lenders, UCO Bank has largely revised lending rates perfectly based on marginal cost of funds. It is to be noted that for two years, the interest rate will be 9.65% and for one year loan, it will be 9.55%. This particular step is welcomed by experts and specialists in the banking sector.  It is to be highly remembered that at Rs 1,200 cr, UCO Bank expects largely revalued real estate investments in the open market. On the other hand, for loan of one month duration, the rate of interest will be 9.40% and for three month loan, it will be 9.45% and 9.50%for six months.

 

On marginal cost of funds, the lending rate largely based is lower than base rate in certain cases perfectly resulting in lower EMIs for esteemed borrowers. On the other hand, for most of the banks were deciding lending rates rightly based on their average cost of funds. Including ICICI, SBI, HDFC Bank, Bank of India, Axis Bank, a number of banks have directly shifted to lending rates largely based on marginal cost of funds in the open market. It is to be noted that other banks that have immediately adopted new methodology for perfectly calculating lending rates include Yes Bank, Kotak Mahindra Bank, Oriental Bank of Commerce and IDBI Bank.

2016/05/10 06:43 AM

A village of Bihar gets its first bank branch


With direct focus in order to link the area deprived with network banking, Bihar Gramin Bank grandly opened a branch at village named Dharampur Bande in the district of Samastipur, in the state of Bihar. It is to be noted that this particular village is nearly 30km from the town of Samastipur. There is no bank in this village and its surrounding areas with a population of 12,500. Bihar Gramin Bank is popular and leading regional rural bank that is sponsored by UCO Bank. The Dharampur branch was inaugurated by the Chairman of the Bihar Gramin Bank, Arvind Singh Shekhawat.

2016/03/08 06:50 AM

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