Company type | Public |
---|---|
Industry | Banking Financial services |
Predecessors |
|
Founded | 1950 |
Founder | Narendra Chandra Dutta J.C Das Indu Bhushan Dutta D.N Mukherjee |
Defunct | 1 April 2020 |
Fate | Merged with Punjab National Bank |
Successor | Punjab National Bank |
Headquarters | Kolkata, West Bengal, India |
Area served | India |
Key people | Ashok Kumar Pradhan (MD & CEO) |
Products | Finance and insurance Consumer banking Corporate banking Investment banking Investment management Private equity Mortgages |
Revenue | ₹10,945.00 crore (US$1.3 billion) (2019)[1] |
₹1,412.00 crore (US$170 million) (2019)[1] | |
₹−2,316.00 crore (US$−280 million) (2019)[1] | |
Total assets | ₹151,530.00 crore (US$18 billion) (2019)[1] |
Number of employees | 13,804 (2019)[1] |
Capital ratio | 13.00% (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.