UBI Bank Full Form

What is the full form of UBI Bank?

The United Bank of India is the full name of UBI. The Bank was established as a limited company on November 11, 1919, with its headquarters in Mumbai, India. Eastern India is where it is primarily located. Punjab National Bank merged with United Bank and Oriental Bank of Commerce, according to a statement made by Finance Minister Nirmala Sitharaman on August 30, 2019. On July 19, 1969, the Indian government nationalised UBI and thirteen other major commercial banks. The 174 divisions of UBI existed at the time of nationalisation.

Branches Of UBI

In Kolkata, New Delhi, and Mumbai, the bank has three complete overseas branches. The UBI's current objective is to expand its international operations.

History Of UBI

In 1950, UBI led to the merger of Comilla Banking Company, Bengal Central Bank, Comilla Union Bank, and Hooghly Bank. All four of these underwent declines in December 1983 with the collapse of the Nath Bank. The United Bank of India was created with the support of the RBI.

Board Of Directors

Members of the Union Bank of India Board of Directors include prominent people with a wealth of experience in the economy, rural and agricultural sectors, banking and financial services, commerce and accountancy, strategy, business development, analytics, risk management, central banking, mergers and acquisitions, and more.