UBI Full Form
by Yogi P - October 5, 2023
Full form of UBI
UBI stands for the United Bank of India. It is a government-owned commercial bank headquartered in Kolkata, India. UBI was formed in 1950 through the merger of four Bengali banks. It has over 2,000 branches in India and three overseas branches.
Brief history of UBI
UBI was formed in 1950 through the merger of four Bengali banks:
- Comilla Banking Company
- Bengal Central Bank
- Comilla Union Bank
- Hooghly Bank
In 1961, UBI merged with Cuttack Bank and Tezpur Industrial Bank. In 1965, the Government of Pakistan seized UBI’s subsidiaries in Pakistan. In 1969, UBI was nationalized by the Government of India along with 13 other major commercial banks.
UBI has grown steadily over the years and is now one of the leading commercial banks in India. It provides a wide range of banking and financial services to individuals, businesses, and the government.
Conclusion
UBI is a major player in the Indian banking sector. It is committed to providing its customers with the best possible service and helping them to achieve their financial goals.
