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United Bank of India

United Bank of India
Company nameUnited Bank of India
Company typePublic
(BSE - 533171)
IndustryBanking
Financial services
Founded1950
HeadquartersKolkata, India
Key peopleBhaskar Sen
(Chairman & MD)
ProductsFinance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Private Equity
Mortgages
Credit Cards
Owner(s)Government of India

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United Bank of India (UBI) (BSE - 533171) is a state-owned financial services company headquartered in Kolkata, India. Presently the bank has a three-tier organizational setup consisting of its Head office in Kolkata, 31 Regional offices and 1600 branches spread all over India. However, its major presence is in eastern India. Due to a common acronym (UBI), which it shares with Union Bank of India, which also has an all-India presence, the public sometimes confuses the two banks.

On March 30, 2009, the Indian government decided to approve the restructuring United Bank of India. The cabinet has approved the government's proposal to investing 2.50 billion rupees in shares by March 31, and another 5.50 billion in the next fiscal year in Tier-I capital instruments. The move is part of the Indian government's program to improve the capital base of the state-owned banks.

United Bank of India Video

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0.55 min. | 5.0 user rating
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5.17 min. | 2.0 user rating
A shocking twist in the ATM robbery case in Allahabad. ATM The United Bank of India is located near about 200 meter from Allahpur police booth.
2.55 min. | 0 user rating

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State-run lender United Bank of India on Wednesday said it has fixed the price band at Rs 60-66 of its initial public offering, scheduled to hit the market by end of this month.
1.93 min. | 5.0 user rating
The United Bank of India has made a quiet debut on the bourses. The bank is looking to utilise the Rs 330 crore raised via the listing to grow its loan book and expand its branch network.
2.07 min. | 0 user rating
Invest in United Bank of India, says Avinash Gorakshakar, Anagram Capital.
1.38 min. | 0 user rating
In an interview with CNBC-TV18, SL Bansal, Executive Director of United Bank of India, spoke about the latest happenings in his company and sector.
3.67 min. | 0 user rating
Mackey For President/www.votocracy.com
15.75 min. | 0 user rating
CNBC-TV18s Managing Editor Udayan Mukherjee says that United Bank of India should settle down in the zone of Rs 75-80. Above Rs 80, the stock will get into frothy zone, he says adding that there are better public sector banks, which can be bought.
1.93 min. | 0 user rating

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Why Australia and India Are Hiking Rates - Seeking Alpha Tweet this news
Seeking Alpha--The Reserve -Bank of India- cited rising inflation pressures, which have become the major bugbear for policy makers throughout the region, as the reason for ... - Date : Thu, 04 Nov 2010 23:08:12 GMT+00:00
Australia and India Raise Interest Rates - New York Times Tweet this news
New York Times--The Reserve -Bank of India- cited rising inflation pressures, which have become the major bugbear for policy makers throughout the region, as the reason for ... - Date : Tue, 02 Nov 2010 08:51:44 GMT+00:00
India Stock Index Reaches Record on Foreign Buying - New York Times Tweet this news
New York Times---India- also suffers from higher consumer price inflation than any other major world economy, which makes the Reserve -Bank of India- more tolerant of the ... - Date : Thu, 04 Nov 2010 16:52:34 GMT+00:00
United Bank of India net rises 31% - Sify Tweet this news
Sify--Backed by a favourable interest rate scenario and gains in treasury income, -United Bank of India- reported a net profit of Rs 109.74 crore for the quarter ... - Date : Mon, 25 Oct 2010 20:08:13 GMT+00:00
US Financials Are Back In Style (NYSE: BAC) (NYSE: WFC) (NYSE: JPM) - The Markets Are Open (blog) Tweet this news
The Markets Are Open (blog)--Wells Fargo the fourth largest -bank- in the US is up 13% since Tuesday. Despite these gains US Banks remain cheap. ICICI -Bank of India- trades at one fourth ... - Date : Fri, 05 Nov 2010 15:50:23 GMT+00:00
India making 'serious strides' on business reform - Economic Times Tweet this news
Economic Times--But the World -Bank- said -India- ranked in the 40 most-improved economies to make changes for its entrepreneurs in the past five years, including in starting a ... - Date : Thu, 04 Nov 2010 14:19:38 GMT+00:00
RBI is missing the problem - istockAnalyst.com (press release) Tweet this news
istockAnalyst.com (press release)--Mr Bansal, Executive Director, -United Bank of India-, was not just sure about the hikes, but also about the burden being passed on to the borrower. Why not? ... - Date : Sun, 01 Aug 2010 23:23:21 GMT+00:00
Hyundai Motor signs MoU with UBI - Indian Express Tweet this news
Indian Express--Speaking on the occasion, Arvind Saxena, Director, Marketing and Sales, HMIL, said, “We are pleased to announce this partnership with -United Bank of India- ... - Date : Thu, 29 Jul 2010 16:06:49 GMT+00:00
United Bank pays Rs 53.29 crore as dividend in 2009-10 - Sify Tweet this news
Sify--Government-owned -United Bank of India- (UBI) has paid Rs 53.29 crore as dividend for the year 2009-10 to the government of India, which holds 84.20 per cent ... - Date : Wed, 21 Jul 2010 20:33:59 GMT+00:00
Car loan lender Central Bank introduces online banking services - Bank Bazaar Tweet this news
Bank Bazaar--It gives freedom to the remitter in the -United- States to remit money at his convenience from any -bank- account anywhere in the US to any account in -India-”. ... - Date : Wed, 04 Aug 2010 23:38:28 GMT+00:00

Year Award and Recognition
2006 National Award for the second best performance in financing small scale units by Ministry
2007 Golden Jubilee Award for the best bank in north east zone for excellence in the field of
2007-2008 Best Bancassurance partner byTata AIG
2008 National Award for the best bank for excellence in field of Khadi and village industries for
2008-2009 Pinnacle Partner of the year by Tata AIG
2008-2009 Highest contibutor to lives insured by Tata AIG
2009 National Award under Prime Minister Employment Guarantee Programme in north east

IN Banking in India

Central bankReserve Bank of India
Nationalised banksAllahabad Bank * Andhra Bank * Bank of Baroda * Bank of India * Bank of Maharashtra * Canara Bank * Central Bank of India * Corporation Bank * Dena Bank * IDBI Bank * Indian Bank * Indian Overseas Bank * Oriental Bank of Commerce * Punjab & Sind Bank * Punjab National Bank * Syndicate Bank * UCO Bank * Union Bank of India * United Bank of India * Vijaya Bank
State Bank GroupState Bank of India * State Bank of Bikaner & Jaipur * State Bank of Hyderabad * State Bank of Indore * State Bank of Mysore * State Bank of Patiala * State Bank of Travancore
Private banksAxis Bank * Bank of Rajasthan * Bharat Overseas Bank * Catholic Syrian Bank * City Union Bank * Development Credit Bank * Dhanalakshmi Bank * Federal Bank * Ganesh Bank of Kurundwad * HDFC Bank * ICICI Bank * IndusInd Bank * ING Vysya Bank * Jammu & Kashmir Bank * Karnataka Bank Limited * Karur Vysya Bank * Kotak Mahindra Bank * Lakshmi Vilas Bank * Nainital Bank * Ratnakar Bank * Rupee Bank * Saraswat Bank * SBI Commercial and International Bank * South Indian Bank * Tamilnad Mercantile Bank Limited * Yes Bank
Foreign bankABN AMRO * Abu Dhabi Commercial Bank * Antwerp Diamond Bank * Arab Bangladesh Bank * Bank International Indonesia * Bank of America * Bank of Bahrain & Kuwait * Bank of Ceylon * Bank of Nova Scotia * Bank of Tokyo Mitsubishi UFJ * Barclays Bank * Citibank India * HSBC * Standard Chartered * Deutsche Bank * Royal Bank of Scotland
Regional Rural banksSouth Malabar Gramin Bank * North Malabar Gramin Bank * Pragathi Gramin Bank * Shreyas Gramin Bank
Financial ServicesReal Time Gross Settlement(RTGS) * National Electronic Fund Transfer (NEFT) * Structured Financial Messaging System (SFMS) * CashTree * Cashnet * Automated Teller Machine (ATM)



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