History
United Bank of India (UBI) has a pride place in the economy of the eastern
and north-eastern parts of the country. The Bank which was formed out of the amalgamation
of four small banks of Bengal in December 1950 has a long chequered history. One of the
constituents of the Banks- Comilla Banking Corporation Ltd. was established as early as in
1914. Other three constituents- the Bengal Central Bank Ltd, the Comilla Union Bank Ltd.
and Hooghly Bank Ltd. were established in 1918, 1922 and 1932 respectively. Subsequently,
Cuttack Bank Ltd. and Tezpur Industrial Bank Ltd. got merged with UBI in the year 1961.
Hindusthan Mercantile Bank Ltd. and Narang Bank of India Ltd. were amalgamated with UBI in
1973 and 1976 respectively. Since inception the Bank is known for its involvement with the
economic growth and social development.
UBI with its headquarter at Kolkata is predominantly seen in the eastern
and north eastern parts of the country. UBI with its outstanding performance has created
the confidence in itself and it is that confidence of the people around UBI branches and
confidence of the clients will become the most precious assets in the years to come. So to
build that confidence and to enrich that asset further in the face of the challenges of
the emerging competitive scenario, UBI is growing with its involvement and commitments in
the overall development of the country in conformity with the priority accorded by our
Government.
Today, the banks are to operate in a more de-regulated and liberalised
environment for which steps are initiated for improvement of financial strength, enhanced
supervision and control and growth in competitive efficiency. To face the challenges of
the 21st century banking, UBI has devised schemes and developed products which are more
customer friendly and technology oriented. At the same time it has not lost sight of the
importance of rural economy and more particularly the agriculture and allied activities as
well as SME sector which are the prime source of occupation for our masses.
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