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UCO Bank expects Rs.245,000 crore business in 2010-11

Kolkata, 26 April, 2011

Public sector UCO Bank expects to show a total business of more than Rs.245,000 crore in the fiscal year 2010-11, a senior bank official said.

"The bank is expected to clock a total business of more than Rs.245,000 crore during the last financial year. Its credit and deposit rates are expected to grow at the rates of 25 percent and 18 percent, respectively," said UCO Bank Executive Director Ajai Kumar here.

"The bank will open 800 new branches across the country within 2013 and about 1,500 new ATMs will be opened this year," he said.

Kumar said UCO Bank was aiming at creating some better products and also put up some new structures to attract more customers.

"Mobile banking will take over e-banking in the years to come in India," he opened.
   
 

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