Who is the owner of United Bank of India | wiki

United Bank of India, an Indian nationalized financial institution. Know more about the owner of the United Bank of India and more organization information. United Bank of India, is one of the major public sector institutions and a major government-owned commercial bank of India.

• About the owner of United Bank of India

United Bank of India, incorporated in the year 1950. Eventually, under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 UBI got constituted on July 19, 1969.

United Bank of India (UBI), one of the 14 major banks was nationalized on July 19, 1969. The former United Bank of India Ltd., structured in 1950 after the amalgamation of four banks namely, Comilla Banking Corporation Ltd. (1914), Comilla Union Bank Ltd. (1922), Bengal Central Bank Ltd. (1918), and Hooghly Bank Ltd. (1932)

Government of India is the owner of United Bank of India

• About The United Bank of India Limited Wiki

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• Details of the owner of United Bank of India (Wiki)

UBI Bank is owned by the Indian Government. Since that date, the bank got nationalized. The President of India holds the majority share.

Ashok Kumar Pradhan, former Managing Director & CEO of UBI. MD and CEO of UBI, Ashok Kumar Pradhan, stated that the merged entity would begin functioning from 1 April 2020. Prior to assuming charge, he was the Executive Director of the Bank since February 18, 2017.

• Ashok Kumar Pradhan – Managing Director & Chief Executive Officer
• A.K. Pradhan – Executive Director
• Sameer Kumar Khare – Government Nominee Director
• Arnab Roy – RBI Nominee Director
• S. Suryanarayana – Shareholder Director
• Dinesh Singh – Part-Time Non-Official Director
• Siddhartha Pradhan – Part-Time Non-Official Director

• Details of the Company

Union Bank of India mainly operates its business in two segments: treasury operations and banking operations. Further divided into corporate/wholesale banking, retail banking, and other banking operations.

Today the Bank is 100 percent CBS enabled with 1999 divisions and offices and also has a total market of more than Rs 2 lac crore. Presently, the Bank possesses a Three-tier organizational set-up consisting of the Head Office, 35 Regional Offices, and the Branches.

UBI played a remarkable role in leading the bank to spread its banking services to contrasting parts of the country, to enumerate Eastern and North-Eastern India. Finally, UBI sponsored four Regional Rural Banks (RRB). Chiefly, one each in West Bengal,  Manipur, Assam, and Tripura. In general, these four RRBs together have over 1000 branches.

• United Bank of India Limited customer care

• MSME – 1800-345-3344
• 022-40429100 / 18001033470
• [email protected]