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United Bank of India

The Origins of United Bank of India (UBI) can be traced back to 1914. Its predecessor the United Bank of India Ltd., was formed in 1950 with the amalgamation of four banks viz. Comilla Banking Corporation Ltd. (1914), Bengal Central Bank Ltd. (1918), Comilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932). United Bank of India (UBI) is one of the 14 major banks, which were nationalised in 1969.

After nationalisation, the Bank expanded in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalisation. In recognition of the role played by the United Bank of India, it was designated as Lead Bank in several districts and at present it is the Lead Bank in 34 districts in the States of West Bengal, Assam and Tripura.

UBI played a significant role in the spread of banking services in different parts of the country, more particularly in Eastern and North-eastern India. United Bank of India is also known as the ‘Tea Bank’ because of its age-old association with the financing of tea gardens. It has been the largest lender to the tea industry.

Presently the Bank has a three-tier organisational set-up consisting of the Head Office, 28 Regional Offices and 1315 branches. The Bank has three full fledged Overseas Branches one each at Calcutta, New Delhi and Mumbai.

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nilesh pipaliya

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