UCO Bank opens 100th branch in TN circle

UCO Bank today opened its 100th branch in Tamil Nadu circle, which includes Tamil Nadu, Puducherry and Port Blair.

Mr S. Chandrasekharan, Executive Director, inaugurated the branch at Kodungaiyur in North Chennai.

Starting with a deposit base of Rs 47 crore, this branch now holds the record for having the highest amount on the inauguration day. “I want to see that this amount touches Rs 100 crore by June-end,’’ he said inaugurating the branch. The earlier record was held by the recently inaugurated Mogaippair branch in west Chennai, which started with Rs 33.80 crore.

The Kolkata-based bank will shortly open its zonal office at Coimbatore.

Mr Chandrasekharan also flagged off an EMU train plying between Chennai Beach Station and Tambaram. The train is branded with UCO Bank advertisement displaying its various loan and deposit products.

raja@thehindu.co.in