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UCO Bank
3.6
based on 253 Reviews
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Company Overview
Company Locations
Working at UCO Bank
Company Summary
UCO Bank is a government-owned financial institution in India, aiming to be a trusted provider of banking services to customers and investors.
Overall Rating
3.6/5
based on 253 reviews
5% below
industry average
Highly rated for
Job security
Critically rated for
Work-life balance, Company culture
Work Policy
Work from office
71% employees reported
Alternate Saturday off
46% employees reported
Strict timing
73% employees reported
Within city
34% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
27 employees reported
Health insurance
23 employees reported
Office cab/shuttle
7 employees reported
Professional degree assistance
5 employees reported
View all benefits
About UCO Bank
Founded in1943 (82 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersKolkata, West Bengal, India
Office Locations
Websiteucobank.com
Primary Industry
Other Industries
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View in video summary
Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc.Shri Atul Kumar GoelMD & CEO Shri Ajay VyasExecutive DirectorOur Vision StatementTo emerge as the most trusted, admired and sought-after world class financial institution and to be the most preferred destination for every customer and investor and a place of pride for its employees.
Mission: To be a Top-class Bank to achieve sustained growth of business and profitability, fulfilling socio-economic obligations, excellence in customer service; through upgradation of skills of staff and their effective participation making use of state-of-the-art technology.
Vision: To emerge as the most trusted, admired and sought-after world class financial institution and to be the most preferred destination for every customer and investor and a place of pride for its employees.
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UCO Bank Ratings
based on 253 reviews
Overall Rating
3.6/5
How AmbitionBox ratings work?
5
113
4
65
3
34
2
11
1
30
Category Ratings
4.3
Job security
3.7
Promotions
3.6
Salary
3.5
Skill development
3.4
Work satisfaction
3.3
Company culture
3.3
Work-life balance
UCO Bank is rated 3.6 out of 5 stars on AmbitionBox, based on 253 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at UCO Bank
based on 212 reviews
3.6
Rated by 34 Women
Rated 4.7 for Job security and 3.7 for Career growth
3.6
Rated by 178 Men
Rated 4.2 for Job security and 3.7 for Salary
Work Policy at UCO Bank
based on 17 reviews in last 6 months
Work from office
71%
Hybrid
17%
Permanent work from home
12%
UCO Bank Reviews
Top mentions in UCO Bank Reviews
+ 5 more
Compare UCO Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.6/5 based on 253 reviews | 3.8/5 based on 721 reviews | 3.4/5 based on 1.2k reviews | 4.0/5 based on 1k reviews |
Highly Rated for | Job security | Job security | Job security | Job security Salary |
Critically Rated for | Work-life balance Company culture | No critically rated category | Work-life balance Company culture Work satisfaction | No critically rated category |
Primary Work Policy | Work from office 71% employees reported | Work from office 83% employees reported | Work from office 97% employees reported | Work from office 85% employees reported |
Rating by Women Employees | 3.6 Good rated by 34 women | 3.7 Good rated by 143 women | 3.5 Good rated by 218 women | 4.1 Good rated by 111 women |
Rating by Men Employees | 3.6 Good rated by 178 men | 3.9 Good rated by 501 men | 3.4 Average rated by 844 men | 3.9 Good rated by 799 men |
Job security | 4.3 Good | 4.2 Good | 4.2 Good | 4.2 Good |
View more
UCO Bank Salaries
UCO Bank salaries have received with an average score of 3.6 out of 5 by 253 employees.
Chief Manager
(63 salaries)
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₹13.4 L/yr - ₹33 L/yr
Branch Manager
(18 salaries)
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₹6 L/yr - ₹18.5 L/yr
Assistant General Manager
(13 salaries)
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₹12.8 L/yr - ₹38 L/yr
Probationary Officer
(11 salaries)
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₹4 L/yr - ₹8 L/yr
Branch Head
(9 salaries)
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₹7.5 L/yr - ₹19.8 L/yr
Banking Officer
(8 salaries)
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₹6 L/yr - ₹16 L/yr
Bank Manager
(8 salaries)
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₹9.6 L/yr - ₹20 L/yr
Deputy General Manager
(6 salaries)
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₹16 L/yr - ₹35 L/yr
Credit Manager
(6 salaries)
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₹6 L/yr - ₹16 L/yr
Bank Clerk
(5 salaries)
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₹3.3 L/yr - ₹4 L/yr
UCO Bank News
View all
PSB stocks will attract investors, despite volatile markets
- Over the next year or so, the equity markets are expected to be awash with stocks of public sector banks as the government plans to offload shares or the banks may raise capital.
- The government holds a significant stake in banks such as Bank of India, UCO Bank, Bank of Maharashtra, Indian Overseas Bank, and Punjab & Sind Bank.
- The Department of Investment and Public Asset Management (DIPAM) has invited applications from investment bankers to advise on selling stakes in banks and financial institutions.
- Public sector banks need growth capital as deposit growth lags behind credit growth, with savers opting for alternative investment avenues.
HinduBusinessLine | 27 Feb, 2025
Network 18 Media, ITI, BEML, Mastek, Angel One, Uco Bank: Mid and small cap stocks see renewed interest from FIIs
- FIIs have sold off a net amount of ₹1.1 lakh crore in the cash segment during the past six months.
- Frontline indices have seen corrections of roughly 11%, 13%, and 15%.
- Despite the sell-off, FIIs have increased positions in certain stocks during the last quarter.
- The shareholding pattern data shows renewed interest of FIIs in certain small- and mid-cap companies.
HinduBusinessLine | 12 Feb, 2025
UCO Bank Q3 net up 27% at ₹638.83 cr, plans to raise ₹2,000 cr via QIP in Q4
- UCO Bank plans to raise ₹2,000 crore through Qualified Institutional Placement (QIP) in the fourth quarter to reduce government stake.
- The bank's operating profit grew 41.69% y-o-y at ₹1,585.69 crore for Q3FY25.
- Net interest income (NII) rose to ₹2,377.68 crore and net interest margin (NIM) stood at 3.17% for the quarter.
- Gross NPA ratio fell to 2.91% and net NPA ratio fell to 0.63% during Q3FY25.
HinduBusinessLine | 21 Jan, 2025
UCO Bank's Rs 2,000-Crore QIP In Q4 To Cut Government Stake By 3%, Says MD
- UCO Bank plans to launch its qualified institutional placement (QIP) of Rs 2,000 crore in the March quarter.
- Post the QIP issue, the government's stake in UCO Bank will come down by 3%.
- The government holds 95.39% stake in UCO Bank as of December end.
- This move is part of the government's fundraising plans for five public sector banks.
Bloomberg Quint | 21 Jan, 2025
Q3 Results Today: Tata Tech, South Indian Bank, Cyient DLM Among 30+ Companies To Declare Quarterly Results
- 32 companies will declare their Q3 results today, including Tata Technologies, South Indian Bank, Cyient DLM, and more.
- Some other major companies announcing their earnings include KEI Industries, PNB Housing Finance, UCO Bank, Aditya Birla Real Estate, and more.
- Tata Technologies reported a 2.1% YoY increase in consolidated revenue, while net profit declined by 1.9% YoY.
- KEI Industries reported a 17% YoY increase in revenue and an 11% YoY increase in net profit for the quarter.
Bloomberg Quint | 21 Jan, 2025
UCO Bank Share Price Target 2025, 2026, and 2030
- UCO Bank's share price targets for 2025 show a promising growth trajectory, ranging between ₹47.89 and ₹80.00 with steady monthly increases.
- Long-term forecasts indicate significant growth, with targets reaching up to ₹96.20 in 2026 and ₹160.88 by 2030.
- UCO Bank's market capitalization is nearly 600 Billion INR, ranking it as the ninth biggest public sector bank in India.
- The bank provides services such as consumer banking, investment banking, and wealth management, with headquarters in Kolkata, West Bengal.
VIE Stories | 17 Jan, 2025
PSU Bank Stocks Spike On News Of Government Mulling QIP To Dilute Stake
- PSU Bank stocks witnessed a double-digit climb on news of the government considering a QIP to dilute stake.
- Central Bank of India shares rose by 15%, Indian Overseas Bank by 14%, and UCO Bank by 12%.
- Bank of Maharashtra and Punjab & Sind Bank also saw a 10% increase in their shares.
- The government aims to achieve the regulatory compliance of minimum 25% public shareholding.
Bloomberg Quint | 14 Jan, 2025
UCO Bank Q3 Updates: Business Grows 12% On Back Of Strong Loan-Book Expansion
- UCO Bank reported a healthy business growth of 12% in Q3 driven by expansion in the domestic loan book.
- Domestic advances of the bank jumped 19% to Rs 1.83 lakh crore.
- Total business, including deposits and loans, stood at Rs 4.88 lakh crore.
- The credit-deposit ratio rose to 74.55% from 71.02% a year earlier.
Bloomberg Quint | 3 Jan, 2025
PSU Bank stocks gain as RBI cuts CRR by 4%
- Nifty PSU Bank index gained nearly 2% on Friday, hitting intraday high of 7,248.25.
- Bank of Baroda, Canara Bank, PNB, Union Bank, UCO Bank and IOB ended the day’s trade in green.
- Axis Bank shares gained 1.50% to close at ₹1,183.90.
- Motilal Oswal report mentioned that PSBs having MCLR-heavy books are less vulnerable to rate cuts.
HinduBusinessLine | 6 Dec, 2024
Government plans minority stake sale in 4 PSU banks, source says
- The finance ministry is likely to seek approval of the cabinet in the coming months to dilute the stake in 4 PSU banks - Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank.
- The plan is to sell the stake through an offer for sale in the open market.
- The government's ownership in these banks ranges from 93% to 98.3%.
- Shares of the banks rose between 3% and 4% following the news.
HinduBusinessLine | 19 Nov, 2024
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UCO Bank FAQs
When was UCO Bank founded?
UCO Bank was founded in 1943. The company has been operating for 82 years primarily in the Banking sector.
Where is the UCO Bank headquarters located?
UCO Bank is headquartered in Kolkata, West Bengal. It operates in 8 cities such as Kolkata, New Delhi, Mumbai, Hyderabad / Secunderabad, Jodhpur. To explore all the office locations, visit UCO Bank locations.
How many employees does UCO Bank have in India?
UCO Bank currently has more than 21,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in UCO Bank based on the number of reviews submitted on AmbitionBox.
Does UCO Bank have good work-life balance?
UCO Bank has a work-life balance rating of 3.3 out of 5 based on 200+ employee reviews on AmbitionBox. 30% employees rated UCO Bank 3 or below, while 70% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read UCO Bank work-life balance reviews for more details
Is UCO Bank good for career growth?
Career growth at UCO Bank is rated fairly well, with a promotions and appraisal rating of 3.7. 70% employees rated UCO Bank 4 or above, while 30% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading UCO Bank promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in UCO Bank?
Working at UCO Bank comes with several advantages and disadvantages. It is highly rated for job security. However, it is poorly rated for work life balance and company culture, based on 200+ employee reviews on AmbitionBox.
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