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UCO Bank Expands with 150 New Branches and Focus on Digital Talent
UCO Bank plans to open 150 new branches by March 2026, expanding its network to 3,472 while focusing on digital innovation, cybersecurity, and improved customer experience.
Author: Meera
Published: 15 hours ago
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UCO Bank, a state-owned lender headquartered in Kolkata, has announced plans to open 150 new branches across India by March 2026, taking its total branch network to 3,472. The move is part of the bank’s broader strategy to strengthen its reach, improve customer experience, and enhance digital capabilities;Economic Times reported
Branch Expansion and Modernisation
The decision to open new branches was approved by the bank’s Board of Directors and confirmed by Managing Director and CEO Ashwani Kumar following the announcement of the bank’s second-quarter financial results. The expansion aims to improve accessibility and provide better services to customers in both urban and rural areas.
In addition to expanding its network, UCO Bank is working to revamp branch interiors and enhance ambience, ensuring that the banking experience becomes more customer-friendly and modern.
Focus on Digital Growth and Cybersecurity
Recognising the growing importance of technology in banking, the lender is also recruiting skilled professionals in information technology, digital innovation, and cybersecurity. This reflects the bank’s commitment to strengthening its technological backbone and protecting customer data in an increasingly digital environment.
Strong Workforce and Youthful Staff
As of September 2025, the bank has a total workforce of 21,266 employees, with about 70 per cent below the age of 40 (likely meant to be 40 years, not 70 as reported). This young and energetic workforce is expected to play a key role in the bank’s modernisation and expansion drive.
Steady Financial Performance
For the second quarter ending 30 September 2025, UCO Bank reported a 3 per cent rise in net profit, reaching ₹620 crore, compared with ₹603 crore in the same period last year.
- Total income grew to ₹7,421 crore, up from ₹7,071 crore a year earlier.
- Interest income increased to ₹6,537 crore, compared with ₹6,078 crore in the corresponding quarter last year.
- Net Interest Income (NII) — the difference between interest earned and paid — rose to ₹2,533 crore, up from ₹2,301 crore in Q2 FY25.
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These numbers reflect consistent growth in the bank’s core business operations despite a competitive market environment.
A Step Towards Sustainable Growth
The expansion plan and recruitment drive underline UCO Bank’s ambition to become a more competitive and customer-centric institution. By combining physical growth through new branches with digital transformation and skilled manpower, the bank aims to achieve balanced and sustainable progress.
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