United Bank Of India

About United Bank of India

United Bank of India (UBI) is one of the leading banks in India offering a host of banking products and services to its customers across the nation. Founded in December 1950 with the amalgamation of four small banks in Bengal viz. Hooghly Bank Ltd, Comilla Union Bank Ltd, Bengal Central Bank Ltd. and Comilla Banking Corporation Ltd, United Bank of India was nationalized along with 13 other banks on July 19, 1969. It continuously works toward emerging as one of the most dynamic, tech-savvy, progressive and customer-centric bank in India with pan-India presence. United Bank of India focuses on the business growth and profitability, while gives due importance on risk management in professional environment.

Currently United Bank of India has more than ` 54,536 crores of deposits as well as ` 35,727 crores of gross advances. It also has a three-tier organizational set up which comprises of the Head Office, 28 Regional Offices and 1,470 Branch Offices.

Role in Development

United Bank of India, after its nationalization, played a major role in the development in the rural and semi-urban areas. It's also designated as the Lead Bank in 30 districts in states like West Bengal, Tripura, Assam and Manipur. It also plays an instrumental role in spreading banking services to the remotest areas of the country, particularly in the Eastern and North-Eastern part of the country. It has also sponsored 4 Regional Banks (RRB) in West Bengal, Tripura, Assam and Manipur, where it has contributed 35% of the share capital.

Brief History

The history of United Bank of India dates back to 1914 when one of its constituents of banks Comilla Banking Corporation Ltd. was founded. In the following years, its other three constituents Bengal Central Bank Ltd, Comilla Union Bank Ltd and Hooghly Bank Ltd. were founded in 1918, 1922 and 1932 respectively. All of them were amalgamated to form United Bank of India in 1950. Later, Tezpur Bank Ltd. and Cuttack Bank Ltd. also merged with UBI in 1961. In 1973, Hindusthan Mercantile Bank Ltd. merged with UBI and again in 1976, it's the turn for Narang Bank of India Ltd. to merge with United Bank of India.

Financial Results

Following are the Audited Financial Results of UBI for the year ended March 31, 2009:

(` in thousand)

-----	Year Ended 31.03.09	Year Ended 31.03.08
Income	48,027,254	40,227,918
Expenditure	4,925,189	1,479,876
Profit	1,847,096	3,185,503

Offerings

United Bank of India offers a range of products and services to its customers, which include the following:

• Deposit Schemes
• Utility Schemes
• Retail Credit
• Priority Sector
• Corporate Banking
• SME Segment
• United Demat
• Third Party Products

Deposit Schemes

Following are offered under deposit schemes:

• United Tax Savings Growth Plan
• United Tax Savings Income Plan
• United Bonanza Savings Schemes
• Fixed Deposits
• Re-Investment Plans
• United Bonanza Current Deposit Schemes
• Recurring Deposit
• United Flexi Deposit Schemes
• United Anand Deposit Schemes
• Capital Gains Accounts Schemes
• Savings Bank Account
• United Children Savings Account
• United Basic SB Account
• United Current Deposit Account
• United Gold and Platinum Current Deposit Schemes

Utility Schemes

• NRI (Non-Resident Indian)
• United Mobile Services
• Forex
• United Suraksha Yojana
• RTGS (Real Time Gross Settlement)
• OLTAS
• Collection of Tax
• E-Payment

Retail Credit

• United Housing Loan Scheme
• United Smart Loan Scheme
• United Housing Loan for Pensioners
• United Personal Loan Scheme for Salaried Persons
• United Demand Loan Scheme
• United Personal Loan Scheme for Pensioners
• United Festival Loan Scheme
• United Tour & Travel Credit Scheme
• United Car Loan Scheme
• United Consumer Loan Scheme
• United Education Loan Scheme
• United Shikshak Samman Yojana
• United Nari Samman Yojana
• United Trade Credit
• United Mortgage Loan Scheme
• United Cash Rental

Priority Sector

• Agricultural Loans
• Small Scale Industries
• Road Transport Operators
• Retail Trade
• Professional and Self Employed Persons

Third Party Products

United Bank of India also offers third party products to its customers. Following are the third party products provided by UBI:

• Mutual Funds
• Life Insurance Products of Tata AIG Life Insurance Company
• Non-Life Products of Bajaj Allianz Insurance Company Ltd
• Credit Card issued by SBI Cards
• Inward Money Remittance by UAE Exchange & Financial Services Ltd.

Address

• United Bank of India
• 11, Hemanta Basu Sarani
• Kolkata – 700 001
• Tel: +91-33-22133172
• Web: www.unitedbankofindia.com

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