UCO Bank

UCO Bank is an India-based bank in Lahore (then a city of British India, and currently in Pakistan), is one of the public sector banks in India. The Company operates in four segments: treasury operations, corporate / wholesale banking, retail banking and other banking business operations. The bank offers features such as internet banking, phone banking NRI banking etc. UCO Bank started its operation in Singapore from the 21st April 1951 and at present has two branches here. UCO Bank is not only extending good service to its customers, but is also contributing to the growth of exports from Singapore. It has a large trade finance portfolio catering to the financial needs of the various trading concerns in Singapore.

UCO Bank happens to be the first Indian bank operating a branch at Serangoon, which is known as Little India in Singapore and is predominantly inhabited by ethnic Indian business community and caters to the needs of the Indian immigrant population there.

As a Full Banks in Singapore, UCO Bank may provide the whole range of commercial banking business approved under the Banking Act. Besides commercial banking, which includes deposit taking, the provision of cheque services and lending, UCO Bank may also carry on any other business which is regulated or authorized by MAS, including financial advisory services, insurance broking and capital market services.

Since inception, the Bank's overseas centre at Singapore has been playing an active role in the promotion of Indian culture in Singapore and has supported many activities, be it cultural, educational or social, undertaken by the Indian community here.

Commercial banks in Singapore are licensed under and governed by the Banking Act. They may undertake universal banking. Besides commercial banking, which includes deposit taking, the provision of cheque services and lending, the banks may also carry on any other business which is regulated or authorised by MAS, including financial advisory services, insurance broking and capital market services.