United Bank of India

United Bank of India
Company typePublic
IndustryBanking
Financial services
Predecessors
Founded1950; 74 years ago (1950)
FounderNarendra Chandra Dutta
J.C Das
Indu Bhushan Dutta
D.N Mukherjee
Defunct1 April 2020; 4 years ago (2020-04-01)
FateMerged with Punjab National Bank
SuccessorPunjab National Bank
HeadquartersKolkata, West Bengal, India
Area served
India
Key people
Ashok Kumar Pradhan
(MD & CEO)
ProductsFinance and insurance
Consumer banking
Corporate banking
Investment banking
Investment management
Private equity
Mortgages
RevenueIncrease10,945.00 crore (US$1.3 billion) (2019)[1]
Increase 1,412.00 crore (US$170 million) (2019)[1]
Decrease−2,316.00 crore (US$−280 million) (2019)[1]
Total assetsIncrease151,530.00 crore (US$18 billion) (2019)[1]
Number of employees
13,804 (2019)[1]
Capital ratio13.00% (2019)[1]

United Bank of India (UBI) was an Indian nationalized bank which provided financial and banking services. Established in 1950 and headquartered in Kolkata, the bank was nationalised by the government of India in 1969 becoming one of public sector banks in the country. The bank has been amalgamated with Punjab National Bank, along with Oriental Bank of Commerce, with effective from 1 April 2020.

  1. ^ a b c d e f "UBI Annual Report 2014-2015" (PDF).