Asansol, a city in the Burdwan district of the Indian state of West Bengal, is the states second largest city in terms of area and population. It is a Tier-II city which rapidly developing. The city has derived its name from two words - "Asan" refers to a 30 meters tall found near River Damodar and "Sol" refers to land. Thus, these two words combine to form the name of this city which is incredibly rich in minerals. This cosmopolitan city is located on the lower Chota Nagpur Plateau and it shares the border with the Dhanbad district in the adjoining state of Jharkhand. The economy of this city is principally dependent on its steel and coal industries. The IISCO or Indian Iron and Steel Company Ltd steel-making plant at Kulti in Asansol was the first of such facility in India and is undergoing major renovations to come back with doubled production rate. Eastern Coalfields has a significant presence in the Asansol due to the enormous deposits of high-quality coal in and around the city. The railway is a big contributor to Asansols economy as many residents are employed in the Chittaranjan Locomotive Works which is one of the worlds largest locomotive manufacturers.
the UCO Bank was founded in 1943 in Kolkata. It is a major government-owned and commercial bank of India also known as the United Commercial Bank. Its total business was ? 4.55 lakh crore during FY 2013-14. It was ranked 1860 on Forbes Global 2000 List by 2014 data. According to the Brand Trust Report 2014, a study conducted by Trust Research Advisory, the Bank was ranked 294th among Indias most trusted brands. It was a difference of 796 ranks considering its previous position among Indias most trusted brands in the Brand Trust Report 2013. The bank had 4,000 additional service units, 49 zonal offices across India as of 30 March 2017. Outside India, it has two offices in Singapore and Hong Kong. The corporate office of UCO bank is on BTM Sarani, Kolkata. Shri Ghanshyam Das Birla, an influential industrialist, got the idea of establishing a commercial bank with the Indian capital during the Quit India movement of 1942, and as a result, the United Commercial Bank Limited was incorporated. The bank was started in Kolkata with an issued capital of ?2 crores and a paid-up capital of ?1 crore. The Board of Directors of UCO Bank included notable personalities of India alongside Shri Ghanshyam Das Birla as its chairman. The bank opened 14 branches simultaneously across India. Presently Mr.Ravi Krishan Takkar is the chairman and MD of UCO Bank.