United Bank of India was constituted under the Banking Companies
 (Acquisition and Transfer of Undertakings) 
 Act, 1970 on July 19, 1969. The Head Office of the Bank was set up at
 4 Clive Ghat Street (presently known as N. 
 C. Dutta Sarani, Kolkata 700 001 which was shifted to its present
 location at 11 Hemanta Basu Sarani, Kolkata -
 700001 in 1972 for operational efficiency.  
  
 United Bank of India is one of the 14 banks which were nationalised
 on July 19, 1969. On October 12, 1950, the 
 name of Bengal Central Bank Limited (established in 1918 as Bengal
 Central Loan Company Limited) was changed 
 to United Bank of India Limited for the purpose of amalgamation and
 on December  18, 1950, Comilla Banking 
 Corporation Limited (established in 1914), the Comilla Union Bank
 Limited (established in 1922), the Hooghly 
 Bank (established 1932) stood amalgamated with the  Bank.
 Subsequently, other banks namely, Cuttack Bank 
 Limited, Tezpur Industrial Bank Limited, Hindusthan Mercantile Bank
 Limited and Narang Bank of India Limited 
 were merged with the Bank. 
  
 Main Objects of the Bank 
  
 Section 3(5) of the Bank Acquisition Act states as follows: 
  
 Every corresponding new bank shall carry on and transact  the
 business of banking as  defined in clause (b) of 
 section 5 of the Banking Regulation Act, 1949 (10 of 1949) and may
 engage in one or more of the other forms of 
 business specified in sub-section (1) of section 6 of that Act.
  
 Section 5(b) of the Banking Regulation Act reads as follows: 
  
 ‘banking’ means the accepting, for the  purpose of lending or
 investment, of deposits of money from the public, 
 repayable on demand or otherwise, and withdrawable by cheque, draft,
 order or otherwise.
  
 Section 6(1) of the Banking Regulation Act reads as follows: 
 
 'Form and business in which banking companies may engage: 
 (1) In addition to the business of banking, a banking company may
 engage in any one or more of the following forms 
 of business, namely-
 (a) the borrowing, raising, or taking up of money; the lending or
 advancing of money either upon or without 
 security; the drawing, making, accepting, discounting, buying,
 selling, collecting and dealing in bills of exchange, 
 hund is, promissory notes, coupons, drafts, bills of lading, railway
 receipts, warrants, debentures, certificates, 
 scrips and other instruments and securities whether transferable or
 negotiable or not;  the granting and issuing of 
 letters of credit, traveller’s cheques and circular notes; the
 buying, selling and dealing in bullion and specie; the 
 buying and selling of foreign exchange including foreign bank notes;
 the acquiring, holding, issuing on commission, 
 underwriting and dealing in stock, funds, shares, debentures,
 debenture stock, bonds, obligations, securities and 
 investments of all kinds; the purchasing and selling of  bonds,
 scrips or other forms of securities on behalf of 
 constituents or others, the negotiating of loans and advances; the
 receiving of all kinds of bonds, scrips or valuables 
 on deposit or for safe custody or otherwise; the providing of safe
 deposit vaults; the collecting and transmitting of 
 money and securities; 
  (b) acting as agents for any Government or local authority or any
 other person or persons; the carrying on of 
 agency business of any description  including the clearing and
 forwarding  of goods, giving of receipts and 
 discharges and otherwise acting as an attorney on behalf of
 customers, but excluding the business of a managing 
 agent or secretary and treasurer of a company; 
 (c) contracting for public and private loans and negotiating and
 issuing the same; 
 (d) the effecting, insuring, guaranteeing, underwriting,
 participating in managing and carrying out of any issue, 
 public or private, of State, municipal or other loans or of shares,
 stock,  debentures, or debenture stock of any 
 company, corporation or association and the lending of money for the
 purpose of any such issue; 
 
 (e) carrying on and transacting every kind of guarantee and indemnity
 business; 
 
 (f) managing, selling and realising any property which may come into
 the possession of the company in satisfaction 
 or part satisfaction of any of its claims; 
 
 (g) acquiring and holding and generally dealing with any property or
 any right, title or interest in any such property 
 which may form the security or part of the security for any loans or
 advances or which may be connected with any 
 such security; 
 
 (h) undertaking and executing trusts; 
 
 (i) undertaking the administration of estates as executor, trustee or
 otherwise; 
 (j) establishing and supporting or aiding in the establishment and
 support of associations, 
 institutions, funds, trusts and conveniences calculated to benefit
 employees or ex-employees of the company or the 
 dependents or connections of such  persons; granting pensions and
 allowances and making payments towards 
 insurance; subscribing to or guaranteeing moneys for charitable or
 benevolent objects or for any exhibition or for 
 any public, general or useful object; 
 
 (k) the acquisition, construction, maintenance and alteration of any
 building or works necessary or convenient for 
 the purposes of the company; 
 
 (l) selling, improving, managing, developing, exchanging, leasing,
 mortgaging, disposing of or turning into account 
 or otherwise dealing with all or any part of the property and rights
 of the company; 
 
 (m) acquiring and undertaking the whole or any part of the business
 of any person or company, when such business 
 is of a nature enumerated or described in this sub- section; 
 
 (n) doing all such other things as are incidental or conducive to the
 promotion or advancement of the business of the 
 company; 
 
 (o) any other form of business which the  Government may, by
 notification in the Official Gazette, specify as a form 
 of business in which it is lawful for a banking company to engage.
 
 Section 3 (7) of Chapter II of the Bank Acquisition Act provides for
 the Bank to act as an Agent of the RBI. 
  
 (i) The corresponding new bank shall, if so required by the Reserve
 Bank, act as agent of the Reserve Bank at all 
 places in India where it has a branch, for: 
 
  (a) paying, receiving, collecting and remitting money, bullion and
 securities on behalf of any Government in India; 
 and 
 (b) undertaking and transacting any other business which the Reserve
 Bank may from time to time entrust to it. 
 
 (ii) The terms and conditions on which any such agency business shall
 be carried on by the corresponding new bank 
 on behalf of the Reserve Bank shall be such as may be agreed upon. 
 
 (iii) If no agreement can be reached on any matter referred  to in
 clause (ii), or if a dispute arises between the 
 corresponding new bank and the Reserve Bank as to the interpretation
 of any agreement between them, the matter 
 shall be referred to the Central Government and the decision of the
 Central Government thereon shall be final. 
 
 (iv) The corresponding new bank may transact any business or perform
 any functions entrusted to it under clause 
 (i), by itself or through any agent approved by the Reserve Bank. 
  
 (2) The terms and conditions on which any such agency business shall
 be  carried on by the corresponding new 
 Bank on behalf of the Reserve Bank shall be such as may be agreed
 upon.  
 
 (4) The corresponding new Bank may transact any business or perform
 any function entrusted to it under Clause (I) 
 by itself or through any agent approved by the Reserve Bank. 
 
 Key Milestones 
  
 Sr. No.       Year                                                   
         Details 
 1.               1961                 The Cuttack Bank Limited and
 The Tezpur Bank Limited merged with our Bank 
 
 2.               1964                 Staff Training college at
 Kolkata (then Calcutta) was setup 
 
 3.               1969                 Our Bank was nationalised by
 GoI 
 
 4.               1970                 Mobile branches were set up by
 our Bank 
 
 5.               1973                 Hindusthan Mercantile Bank
 Limited merged with our Bank 
 
 6.               1976                Narang Bank of India Limited
 merged with our Bank 
 
 7.               1980                 Appointed as convenor of State
 Level Bankers’ Committee in West Bengal, 
                                           Tripura and Manipur 
 
 8.               1993                First branch brought under total
 branch mechanism  
 
 9.               1995                Crossed business level of Rs.
 10,000 crore 
 
 10.             2006               Crossed business level of Rs.
 50,000 crore 
 
 11.             2007               Rolled out first CBS branch 
 
 12.             2007               Setup United Bank Socio - Economic
 Development Foundation Trust in 2007 for 
                                          rendering assistance to the
 weaker and under priviledge sections of the society 
 
 13.             2007               Setup the first Rural Development
 & Self Employment Training Institute to 
                                          provide residential training
 to small farmers and unemployed youth free of cost 
 
 14.              2009              Achieved 100% CBS for all its
 branches 
 
 15.              2009             Crossed business level of Rs.
 100,000 crore 
 
 Awards/ certifications received by the Bank 
  
 Year                                          Award and Recognition 
 
 2006                     National Award for the second best
 performance in financing small scale units by Ministry 
                              of Small Scale Industries, Government of
 India 
 
 2007                     Golden Jubilee Award for the best bank in
 north east zone for excellence in the field of
                              khadi and village industries from the
 Ministry of MSME, Government of India 
 
 2007-2008            Best Bancassurance partner byTata AIG 
 
 2008                     National Award for the best bank for
 excellence in field of Khadi and village industries for
                              east and north east zones from the
 Ministry of MSME, Government of India 
 
 2008-2009            Pinnacle Partner of the year by Tata AIG  
 
 2008-2009           Highest contibutor to lives insured by Tata AIG 
 
 2009                    National Award under Prime Minister
 Employment Guarantee Programme in north east 
                             zone from the Ministry of MSME,
 Government of India