Who is the owner of United Bank of India | wiki
About the owner of United Bank of India
United Bank of India, incorporated in the year 1950. Eventually, under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 UBI got constituted on July 19, 1969.
United Bank of India (UBI), one among the 14 major banks were nationalized on July 19, 1969. The former United Bank of India Ltd., structured in 1950 after the amalgamation of four banks namely, Comilla Banking Corporation Ltd. (1914), Comilla Union Bank Ltd. (1922), Bengal Central Bank Ltd. (1918), and Hooghly Bank Ltd. (1932)
Government of India is the owner of United Bank of India
About The United Bank of India Limited Wiki
Details of the owner of United Bank of India (Wiki)
UBI Bank, owned by Indian Government. Since the date, the bank got nationalized. President of India holds the majority share.
Pawan Kumar Bajaj, current Managing Director & CEO of UBI. Prior to joining the Bank, an Executive Director of Indian Overseas Bank from the date 10th March 2015. Bajaj, Qualified with Post Graduate in Science, CAIIB, LLB, and moreover holds a diploma in Human Resources, Foreign Exchange, Treasury and International Banking. In fact, he holds a vivid experience in the field of Banking. Including work experience in various dimensions in different places both in India and abroad. He began his career as DRO in Bank of India in the year 1982. Further, rose up to Chief General Manager level, posted at National Banking Group (NBG). Moreover, He also acted as the Chief Executive of Bank of India’s Singapore Centre covering operations in Indonesia, Vietnam, and Cambodia.
- Pawan Kumar Bajaj – Managing Director & Chief Executive Officer
- A.K. Pradhan – Executive Director
- Sameer Kumar Khare – Government Nominee Director
- Arnab Roy – RBI Nominee Director
- S. Suryanarayana – Shareholder Director
- Dinesh Singh – Part-Time Non-Official Director
- Siddhartha Pradhan – Part-Time Non-Official Director
Details of the Company
Union Bank of India mainly operates its business in two segments: treasury operations and banking operations. Further divided into corporate/wholesale banking, retail banking and other banking operations.
Today the Bank is 100 percent CBS enabled with 1999 divisions and offices and also has a total market of more than Rs 2 lac crore. Presently, the Bank possesses a Three-tier organizational set-up consisting of the Head Office, 35 Regional Offices, and the Branches.
UBI played a remarkable role in leading the bank to spread its banking services to contrasting parts of the country, to enumerate Eastern and North-Eastern India. Finally, UBI sponsored four Regional Rural Banks (RRB). Chiefly, one each in West Bengal, Manipur, Assam, and Tripura. In general, these four RRBs together have over 1000 branches.
United Bank of India Limited customer care
- MSME – 1800-345-3344
- 022-40429100 / 18001033470
- [email protected]