History
UBI was the result of the merger in 1950 of four Bengali banks: Comilla Banking Corporation (founded by Narendra Chandra Dutta in 1914 in what is now Bangladesh), Bengal Central Bank (founded by Sri J.C. Das in 1918), Comilla Union Bank (founded by Sri L.B. Dutta in 1922) and Hooghly Bank (founded by Sri D.N. Mukherjeee 1932).
- 1961 UBI merged in Cuttack Bank and Tezpur Industrial Bank.
- In 1965, the Government of Pakistan took over the bank's branches in Pakistan.
- 1969 On 19 July, the Government of India nationalized UBI, along with 13 other major Indian commercial banks. At the time of nationalization UBI had only 174 branches.
- 1973 UBI acquired Hindusthan Mercantile Bank.
- 1976 UBI acquired Narang Bank of India, which had been established in 1943 in Narang, Gujrat.
Read more about this topic: United Bank Of India
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“Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
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—Desiderius Erasmus (c. 1466–1536)