United Bank of India
United Bank of India
About Bank
United Bank of India (UBI) is one of the 14 major banks which were nationalized on July 19, 1969. Its predecessor the United Bank of India Ltd., was formed in 1950 with the amalgamation of four banks viz. Comilla Banking Corporation Ltd. (1914), Bengal Central Bank Ltd. (1918), Comilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932) (which were established in the years indicated in brackets after the names). The origin of the Bank thus goes as far back as to 1914. As against 174 branches, Rs. 147 crores of deposits and Rs. 112 crores of advances at the time of nationalisation in July, 1969, today the Bank is 100% CBS enabled with more than 1600 branches and offices and is having a Total business of more than `1 lac crore. Presently the Bank is having a Three-tier organisational set-up consisting of the Head Office, 31 Regional Offices and the Branches.
After nationalisation, the Bank expanded its branch network in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalisation. In recognition of the role played by the Bank, it was designated as Lead Bank in several districts and at present it is the Lead Bank in 30 districts in the States of West Bengal, Assam, Manipur and Tripura. The Bank is also the Convener of the State Level Bankers' Committees (SLBC) for the States of West Bengal and Tripura.
UBI played a significant role in the spread of banking services in different
parts of the country, more particularly in Eastern and North-Eastern India. UBI
has sponsored 4 Regional Rural Banks (RRB) one each in West Bengal, Assam,
Manipur and Tripura. These four RRBs together have over 1000 branches. United
Bank of India has contributed 35% of the share capital/ additional capital to
all the four RRBs in four different states. In its efforts to provide banking
services to the people living in the not easily accessible areas of the
Sunderbans in West Bengal, UBI had established two floating mobile branches on
motor launches which moved from island to island on different days of the week.
The floating mobile branches were discontinued with the opening of full-fledged
branches at the centres which were being served by the floating mobile branches.
UBI is also known as the 'Tea Bank' because of its age-old association with the
financing of tea gardens. It has been the largest lender to the tea industry.
The Bank has three full fledged Overseas Branches one each at Kolkata, New Delhi
and Mumbai with fully equipped dealing room and SWIFT terminal . Operations of
all the branches have since been computerized and Electronic Fund Transfer
System came to be implemented in the Bank's branches across the country. The
Bank has ATMs all over the country and customers can use United International
Debit Card at all VISA ATMs across the globe.
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Contact Details
Address:
Head Office
11 Hemant Basu Sarani
Kolkata - 700001
Toll Free Telephone No.: 1800 - 345 - 0345
Website: http://www.unitedbankofindia.com
Courtesy : unitedbankogindia.com