United Bank of India
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United Bank of India, is one of India's major commercial banks. Currently (2005), the bank has 1312 branches spread all over India, but 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.
[edit] History
United Bank of India was established in 1950 by merger of four banks, namely, Comilla Banking Corporation Limited (established 1914), Bengal Central Bank Limited (established1918), Comilla Union Bank Limited (established 1922) and Hooghly Bank Limited (1932). The bank, along with 13 other major commercial banks of India, was nationalized on 19th July, 1969, by the Government of India.
When United Commercial Bank failed in the early 1990s, the government arranged for United Bank of India to acquire it.
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