UCO Bank, one of India's leading public sector banks, is eyeing a total pan-India business of Rs 2.40 lakh crore in 2010-11. If achieved, this would be a growth of 16.5 per cent over Rs 2.06 lakh crore which the bank had actually achieved in 2009-10.
Addressing media persons here, Ajai Kumar, executive director, UCO Bank said, “We have set a total business target of Rs 2.40 lakh crore in 2009-10. This would include Rs 1.40 lakh crore of deposits and around Rs one lakh crore worth advances.”
The Kolkata-headquartered bank also intends to ramp up its network of branches and ATMs across the country. The bank has targeted to scale up its branch network from 2160 to 3000 and that of its ATMs from 550 to 3000 by 2013.
In the Orissa circle, UCO Bank has achieved a total business of Rs 10,109 crore by the end of December 2010. This includes Rs 6675 crore of deposits and advances worth Rs 3334 crore.
The bank's priority sector advances stood at Rs 2368 crore while its advances to the agricultural sector and weaker sections stood at Rs 917 crore and Rs 1002 crore respectively.
As part of its Financial Inclusion plans, the bank has launched its mobile van banking service at Angul in December last year. The bank also aims to launch a similar service at Nimapada in the next 8-10 days. UCO Bank which has the lead bank responsibility in Orissa has been mandated to offer banking services to 174 unbanked villages in the state by the end of March 2012 by the State Level Bankers' Committee (SLBC).
