United Bank of India

Infobox Company
company_name = United Bank of India
company_
company_type = Public
foundation = 1950, India.
location =
key_people = P.K Gupta, Chairman & MD
industry = Financial
Commercial banks
num_employees =
homepage = [http://www.unitedbankofindia.com/default.asp www.unitedbankofindia.com]

United Bank of India, is one of India's major commercial banks which was nationalised on July 19, 1969. Presently the bank has a three-tier organisational setup consisting of Head office, 28 Regional offices and 1422 branches spread all over India, but its major presence is in eastern India. Due to a common acronym (UBI), which it shares with Union Bank of India, which also has an all-India presence, the public sometimes confuses the two banks.

History

United Bank of India was established in 1950 through the merger of four Bengali banks, namely, Comilla Banking Corporation (founded by Narendra Chandra Datta in 1914 in what is now Bangladesh), Bengal Central Bank (founded by Sri J.C. Das in 1918), Comilla Union Bank (founded by Sri L.B. Dutta in 1922) and Hooghly Bank (founded by Sri D.N. Mukherjeee 1932). UBI with its headquarter at Kolkata is predominantly seen in the eastern and north eastern parts of the country.

*1961 UBI merged in Cuttack Bank and Tezpur Industrial Bank.
*1969 On 19 July, the Government of India nationalized UBI, along with 13 other major Indian commercial banks.
*1973 UBI acquired Hindusthan Mercantile Bank.
*1976 UBI acquired Narang Bank of India.

ee also

*Indian banking

External links

* [http://www.unitedbankofindia.com/ Official website]
* [http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/United_Bank_in_tie-up_with_SBI_MF/rssarticleshow/3353312.cms United Bank in tie-up with SBI MF]