A Brief Details about United Bank of India
United Bank of India is one of the most popular public sector banks in India, This bank has around 2100 branches and 36 regional offices in all over the country, UBI has also three overseas branches and right now this bank is also looking to expand their overseas infrastructure. According to the data of 2018 United Bank of India has around 16000 employees in it and it has its headquarters in Kolkata West Bengal. If we look at the data for the total assets of this bank in the year 2015 then we get to know UBI has Total Assets of around 1230.27 billion Indian Rupees which is approx. 19 billion US Dollar, If we check the data for the revenue of the UBI bank in the year 2016 then we find out that it has revenue of around 99.36 billion Indian Rupees which is almost 1.5 billion US Dollar, So these are some of the current figure of this bank, This bank have also quite impressive Operating Income in the year 2015 which is of around 24.28 billion INR and in the year 2016 United Bank of India faces some loss that’s why it makes net income of around minus 2.8 billion Indian rupees. Right now this bank is also providing lots of services in the market some of the most important and popular services of United Bank of India are listed below in the points.
Finance and Insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Private Equity
Mortgages
So these are some of the current details regarding this bank now I am going to provide you some of the information about the history of United Bank of India which is listed below in the next paragraph.
United Bank of India was established in the year 1950, This bank was the result of the merging of four important banks of that time this merger was happened under the guidance of Reserve Bank of India, The four banks which merges to form UBI are Comilla Banking Corporation which was founded by Narendra Chandra Dutta in the year 1914, Bengal Central Bank which was started by Sri J.C. Das in the year 1918, Comilla Union Bank which was established by Shri Indu Bhusan Dutta in the year 1922 and Hooghly Bank which was established by Sri D.N. Mukherjeee in the year 1932. Now In the year, 1961 United Bank of India merges with the Cuttack Bank (Established in the year 1913) and Tezpur Industrial bank (Established in the year 1918). Now in the year 1965, the Government of Pakistan capture the UBI branches of Pakistan, In the year 1969 United Bank of India was Nationalized by the Government of India. Later on in the year 1973 UBI acquired Hindustan Mercantile Bank which was recognized in the year 1944 and Just after 3 years of this merger in the year 1976 United Bank of India also acquired Narang Bank of India which was established in the year 1943.
Right now United Bank of India is doing great business in all over the country, if you are searching online to find out the data for the United Bank of India Branch Locator, IFSC Code, MICR Code, SWIFT Code, Toll Free Number etc. then you just have to make a visit to our website where we managed to put all the information related to these topics in a well-organized and systematic way.
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