The United Bank of India was established as an amalgamation of four banks, Comilla Banking Corporation Ltd, Bengal Central Bank Ltd, the Comilla Union Bank Ltd. and Hooghly Bank Ltd established in 1914, 1918, 1922 and 1932 respectively.
Subsequently, Cuttack Bank Ltd. and Tezpur Industrial Bank Ltd. got merged with UBI in the year 1961 followed by Hindusthan Mercantile Bank Ltd. and Narang Bank of India Ltd. in 1973 and 1976 respectively. The bank was nationalised in July 19, 1969.
UBI is 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. UBI has sponsored 4 Regional Rural Banks (RRB) one each in West Bengal, Assam, Manipur and Tripura. UBI had established two floating mobile branches on motor launches to provide banking services to the people living in the not easily accessible areas
The Bank has three full fledged Overseas Branches one each at Kolkata, New Delhi and Mumbai with fully equipped dealing room and SWIFT terminal . The operations of 500 branches have been computerised and the Bank has ATMs all over the country. The bank offers Home Loans and Personal Loans for salaried individuals as well as pensioners. It also offers Car Loans and Mortgage Loans.
Check out lowest interest rates on United Bank of India Home loans
Check out lowest interest rates on United Bank of India Personal loans
Check out lowest interest rates on United Bank of India loans
Check out lowest interest rates on United Bank of India Credit cards
