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United Bank of India. 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.
- 1950; 73 years ago
- ₹10,945.00 crore (US$1.4 billion) (2019)
- 13,804 (2019)
- Kolkata, West Bengal, India
Mar 6, 2020 · 20 March, 2020. Newspaper Publication - Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank. 06 March, 2020. Newspaper Publication - Formation of Grievance Redressal Committee for Addressing Objections on Share Exchange Ratio and Record Date. 05 March, 2020. Outcome of Board Meeting - Share Exchange ...
Apr 1, 2020 · The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020. The merger will create the second largest nationalized bank of the country both in terms of business and branch network.
People also ask
Is Punjab National Bank merged with United Bank of India?
Will United Bank & Oriental Bank of Commerce merge with Punjab National Bank?
Are Ubi & OBC a state-owned bank?
When did United Bank of India merge with Cuttack Bank?
Sep 14, 2019 · The three state-run banks will form a new entity with Rs 18 lakh crore business volume and 1 lakh staff. The amalgamation process will require legal and regulatory compliances, and the share-swap ratio will be decided later.
Apr 1, 2020 · The amalgamated bank will be the second-largest public sector bank in the country with a business of Rs. 18 lakh crores, 11,000 branches and a workforce of over 1 lakh. UBI and OBC customers have been merged with Punjab National Bank in a massive amalgamation from April 1, 2020. Find out how this will impact your account, services, cash withdrawal and more.
Aug 30, 2019 · Finance Minister Nirmala Sitharaman announced a mega consolidation drive, including the merger of United Bank with PNB and OBC. The combined entity will become the second-largest public sector bank in India, with a business of Rs 17.95 lakh crore and 11,437 branches.
Feb 9, 2020 · The Centre will soon announce the new name and logo of the merged bank which will be the second largest in the country with a total business volume of Rs 18 lakh crore. The new entity will have a staff strength of one lakh and will be operational from April 1, 2020. The three banks have been harmonising their procedures and procedures for the merger.
