As of 31 March 2024[update] the bank had 4,000 plus service units & 43 zonal offices spread all over India.

G. D. Birla, an eminent Indian industrialist, during the Quit India movement of 1942, conceived the idea of organising a commercial bank with Indian capital and management, and the United Commercial Bank Limited was incorporated to give shape to that idea.

Birla was its chairman; the Board of Directors included eminent personalities of India drawn from many fields.

[citation needed] After World War II, United Commercial Bank opened several overseas branches.

[citation needed] This international network is further augmented by correspondent arrangements with leading Banks at all important world centres in various countries.

The nationalised bank continued the operations of the overseas branches in London, Singapore, and Hong Kong.

[8] To keep pace with the developing scenario and expansion of business, the Bank undertook an exercise in organisational restructuring in the year 1972.

This resulted in more functional specialisation, decentralisation of administration and emphasis on the development of personnel skills and attitudes.

For FY 2023–24, it registered ₹1,653.74 crore net profit with global business of the Bank stood at Rs.

UCO Bank presently has 2 overseas branches (one each in Singapore and HongKong) and 1 representative office has been established in Tehran, Iran.