What is the full form of UBI? United Bank Of India.

United Bank of India

Type Nationalized Bank
Industry Banking
Financial services
Predecessors
Founded 1950; 71 years ago
Founder Narendra Chandra Dutta
J.C Das
Indu Bhushan Dutta
D.N Mukherjee
Defunct 1 April 2020
Fate Merged with Punjab National Bank
Successor Punjab National Bank
Headquarters KolkataWest Bengal, India
Area served
India
Key people
Ashok Kumar Pradhan
(MD & CEO)
Products Finance and Insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Private Equity
Mortgages
Owner Punjab National Bank (100%)
Number of employees
13,804 (2019
Website www.unitedbankofindia.com

UBI Full Form,,

What is the full form of UBI?

The full form of UBI is United Bank Of India.

United Bank of India (UBI) is headquartered in Kolkata, which has been merged with Punjab National Bank with effect from 1st April 2020. The organizational structure of UBI is now similar to that of Punjab National Bank.

On 1 April 2020, the bank along with Oriental Bank of Commerce has been merged into Punjab National Bank, making it the second largest public sector bank in India.

United Bank Of India.
United Bank Of India.

History

UBI was the result of the merger of four Bengali banks in 1950: Comilla Banking Corporation (established in 1914 by Narendra Chandra Dutta, now in Bangladesh), Bengal Central Bank (established by Shri JC Das in 1918), Comilla Union Bank (established in 1918) by Shri Indu Bhushan Dutta (IAS), in 1922) and Hooghly Bank (established 1932 by Shri DN Mukherjee). All four had faced runs after the Nath Bank failure in December 1983.

On 19 July 1969, the Government of India nationalized UBI along with 13 other major Indian commercial banks. At the time of nationalisation, UBI had only 174 branches. In 1973, UBI acquired Hindustan Mercantile Bank (est. 1944). In 1976, UBI acquired Narang Bank of India, which was established in 1943 in Narang, Gujarat

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