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UBI was the result of the merger in 1950 of four Bengal-based banks: Comilla Banking Corporation (founded by Narendra Chandra Dutta in 1914 in what is now Bangladesh), Bengal Central Bank (founded by J. C. Das in 1918), Comilla Union Bank (founded by Indu Bhusan Dutta in 1922) and Hooghly Bank (founded by D. N. Mukherjeee in 1932).
Union Bank of India, commonly referred to as Union Bank, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.21,36,405 crores as of 30 June 2024. [ 7 ]
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.
In 1961, the Tezpur Industrial Bank merged with the United Bank of India (UBI), [7] as part of a larger consolidation effort in the Indian banking sector. [8] The merger was instrumental in expanding the reach of UBI into northeastern India, integrating the financial operations of the region into a broader national framework.
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that the Oriental Bank of Commerce and United Bank of India (UBI) would be merged with Punjab National Bank (PNB). The proposed merger would make PNB the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$210 billion) and 11,437 branches.
The proposed merger would make Union Bank of India the fifth largest public sector bank in the country with assets of ₹ 14.59 lakh crore (US$170 billion) and 9,609 branches. [6] [7] The Board of Directors of Andhra Bank approved the merger on 13 September. [8] [9] The Union Cabinet approved the merger on 4 March, and it was completed on 1 ...
2004: JPMorgan Chase and Bank One Corp. merge in a $58 billion deal that creates second-largest U.S. banking company after Citigroup. This article originally appeared on The Columbus Dispatch: ...
Punjab National Bank (abbreviated as PNB) is an Indian government bank based in New Delhi. [5] It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs .