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UBI also has representative offices at Shanghai, Beijing and Abu Dhabi. UBI operates in the United Kingdom through its wholly owned subsidiary, Union Bank of India (UK). The bank has a network of 9300+ domestic branches, 10000+ ATMs, and 18000+ Business Correspondent Points serving over 153 million customers with 76,700+ employees. [8]
On 19 July 1969, the government of India nationalised UBI, along with 13 other major Indian commercial banks. At the time of nationalisation UBI had only 174 branches. In 1973, UBI acquired Hindustan Mercant ile Bank (est. 1944). In 1976, UBI acquired Narang Bank of India, which had been established in 1943 in Narang, Gujarat.
Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca, [2] was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading as BPU Banca) and Banca Lombarda e Piemontese banking groups.
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Corporation Bank [2] was a public-sector banking company headquartered in Mangalore, India.The bank had a pan-Indian presence. Presently, the bank has a network of 2,432 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country. [3]
On 20 February 2017 it was absorbed into the parent company UBI Banca. The bank had 288 branches (as of June 2016): 205 in Lombardy, 45 in Lazio, 27 in Veneto, 9 in Friuli – Venezia Giulia and 1 in Trentino – South Tyrol. In the last three regions, Banco di Brescia is the only brand of UBI Banca in that area.
The Bank added 200 branches in 2011 and 2012, thus increasing its domestic network to over 1,300 online branches [15] with 800 ATMs. In June 2012, UBL led a consortium which acquired a 67.4% stake in Khushhali Bank, which is the largest micro-finance institution in Pakistan. [16]
UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services government owned body headquartered in Kolkata. [3] It is a medium sized public sector bank in India and ranked 1948 in Forbes Global 2000 list of year 2018 & ranked 80 on the Fortune India 500 list in 2020. [4]