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. |
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
In this article of UBI Full Form, we have shared information with you about UBI Full Form.