United Bank of India
Encyclopedia
United Bank of India is a state-owned financial services company headquartered in Kolkata
, India
. Presently the bank has a three-tier organizational setup consisting of its Head office in Kolkata, 31 Regional offices and 1600 branches spread all over India. However, 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.
On March 30, 2009, the Indian government decided to approve the restructuring United Bank of India. The cabinet has approved the government's proposal to investing 2.50 billion rupees in shares by March 31, and another 5.50 billion in the next fiscal year in Tier-I capital instruments. The move is part of the Indian government's program to improve the capital base of the state-owned banks.
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).
National Award for the second best performance in financing small scale units by Ministry
of Small Scale Industries, Government of India
2007
Golden Jubilee Award for the best bank in north east zone for excellence in the field of
khadi and village industries from the Ministry of MSME, Government of India
2007-2008
Best Bancassurance partner byTata AIG
2008
National Award for the best bank for excellence in field of Khadi and village industries for
east and north east zones from the Ministry of MSME, Government of India
2008-2009
Pinnacle Partner of the year by Tata AIG
2008-2009
Highest contibutor to lives insured by Tata AIG
2009
National Award under Prime Minister Employment Guarantee Programme in north east
zone from the Ministry of MSME, Government of India
Kolkata
Kolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. Presently the bank has a three-tier organizational setup consisting of its Head office in Kolkata, 31 Regional offices and 1600 branches spread all over India. However, its major presence is in eastern India
East India
East India is a region of India consisting of the states of West Bengal, Bihar, Jharkhand, and Orissa. The states of Orissa and West Bengal share some cultural and linguistic characteristics with Bangladesh and with the state of Assam. Together with Bangladesh, West Bengal formed the...
. Due to a common acronym (UBI), which it shares with Union Bank of India
Union Bank of India
Union Bank of India is one of India's largest state-owned banks , is listed on the Forbes 2000. It has assets of USD 13.45 billion and all the bank's branches have been networked with its 1135 ATMs. Its online Telebanking facility are available to all its Core Banking Customers - individual as...
, which also has an all-India presence, the public sometimes confuses the two banks.
On March 30, 2009, the Indian government decided to approve the restructuring United Bank of India. The cabinet has approved the government's proposal to investing 2.50 billion rupees in shares by March 31, and another 5.50 billion in the next fiscal year in Tier-I capital instruments. The move is part of the Indian government's program to improve the capital base of the state-owned banks.
History
UBI was the result of the merger in 1950 of four Bengali banks: Comilla Banking Corporation (founded by Narendra Chandra DuttaNarendra Chandra Dutta
Narendra Chandra Dutta was an Indian banker, founder of Comilla Banking Corporation and later the prime mover behind the incorporation of the United Bank of India.- Early life :...
in 1914 in what is now Bangladesh
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...
), 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).
- 1961 UBI merged in Cuttack Bank and Tezpur Industrial Bank.
- 1969 On 19 July, the Government of IndiaGovernment of IndiaThe Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
nationalized UBI, along with 13 other major Indian commercial banks. At the time of nationalization UBI had only 174 branches. - 1973 UBI acquired Hindusthan Mercantile Bank.
- 1976 UBI acquired Narang Bank of India.
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.
- 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.
Awards/ certifications received by the Bank
| Year | Award and Recognition |
|---|---|
| 2006 | National Award for the second best performance in financing small scale units by Ministry of Small Scale Industries, Government of India |
| 2007 | Golden Jubilee Award for the best bank in north east zone for excellence in the field of khadi and village industries from the Ministry of MSME, Government of India |
| 2007-2008 | Best Bancassurance partner byTata AIG |
| 2008 | National Award for the best bank for excellence in field of Khadi and village industries for east and north east zones from the Ministry of MSME, Government of India |
| 2008-2009 | Pinnacle Partner of the year by Tata AIG |
| 2008-2009 | Highest contibutor to lives insured by Tata AIG |
| 2009 | National Award under Prime Minister Employment Guarantee Programme in north east zone from the Ministry of MSME, Government of India |
Delivery Channel Based Products of Bank
- Debit CardDebit cardA debit card is a plastic card that provides the cardholder electronic access to his or her bank account/s at a financial institution...
- ATMATM-In science and technology:*Adobe Type Manager, typeface management software from Adobe Systems Allocated*Air traffic management, synonym for air traffic control*Alternating Turing machine, model of computation used in theoretical computer science...
- Internet Banking
- Mobile BankingMobile BankingMobile banking is a term used for performing balance checks, account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant . The earliest mobile banking services were offered over SMS...
- Tele Banking
- SMS BankingSMS BankingSMS banking is a technology-enabled service offering from banks to its customers, permitting them to operate selected banking services over their mobile phones using SMS messaging.-Push and pull messages:...
Award and Recognition
2006National Award for the second best performance in financing small scale units by Ministry
of Small Scale Industries, Government of India
2007
Golden Jubilee Award for the best bank in north east zone for excellence in the field of
khadi and village industries from the Ministry of MSME, Government of India
2007-2008
Best Bancassurance partner byTata AIG
2008
National Award for the best bank for excellence in field of Khadi and village industries for
east and north east zones from the Ministry of MSME, Government of India
2008-2009
Pinnacle Partner of the year by Tata AIG
2008-2009
Highest contibutor to lives insured by Tata AIG
2009
National Award under Prime Minister Employment Guarantee Programme in north east
zone from the Ministry of MSME, Government of India
External links
- Official website
- Internet Banking Site
- United Bank in tie-up with SBI MF
- United Bank of India IFSC Code, MICR code , Branch location
- United Bank of India ATM Locations
- Swift Code of United Bank of India
- United Bank of India launches ‘United Mobile Banking’
- United Bank of India ties up with CCAvenue.com for direct debit facility