UCO bank, a public sector lender, is planning to open 50 e-lobbies to its existing five, by the end of March 2015. The e-lobbies will allow users to withdraw cash, deposit cash or cheque and print passbooks. Apart from this bank also wants to expand its ATM network. At present, the bank is having a network of 2160 ATMs. Meanwhile, 500 self-service passbook printers have been purchased by the bank and are getting deployed in the branches.
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.
