United Bank of India Ltd is a public sector banking institution with branches in 28 States and in 4 Union Territories in India. The Bank is currently wholly-owned by the Government of India. Their business is principally divided into retail banking, corporate/ wholesale banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance and mutual fund distribution, pension and tax collection services. The Bank's retail banking business provides financial products and services to their retail customers. They provide loans and advances for housing, trade, automobiles, consumer durables, education, personal loans and other retail products. They have various deposit products, such as current, savings and term deposits for their customers. The Bank provides commercial banking products and services to corporate customers, including mid-sized and small businesses and government entities. Their loan products include term loans to finance capital expenditure of assets across various industries as well as short-term loans, cash and export credit and other working capital financing and bill discounting facilities. They also provide credit substitutes, such as letter of credit and letter of guarantee. The Bank offers direct financing to farmers for production and investment, as well as indirect financing for infrastructure development and credit to suppliers of agricultural inputs. They also offer a wide range of general banking services to their customers including debit cards, cash management, remittance services and collection services They distribute third party products such as life and non-life insurance policies and mutual funds on an agency basis. Also, they act as agent for various state governments and the Government of India on numerous matters including the collection of taxes and payment of salary and pension. The Bank delivers their products and services through their branches, extension counters, ATMs, internet banking and tele-banking. They sponsor four Regional Rural Banks in collaboration with the Central Government and the state governments of West Bengal, Assam, Manipur and Tripura. The Bank has a pan India presence through 1,505 branches and 270 ATMs in 28 States and in 4 Union Territories in India as of January 31, 2010 and 1 representative office in Dhaka, Bangladesh. In particular, we have a large presence in eastern and north eastern regions with 973 and 258 branches respectively. Multiple delivery channels and large distribution infrastructure has resulted in giving us access to a large customer base spread across India particularly in eastern and north eastern regions. United Bank of India Ltd was incorporated on October 12, 1950. The Bank was formed with the amalgamation of four banks, namely Comilla Banking Corporation Ltd, Bengal Central Bank Ltd, Comilla Union Bank Ltd and Hooghly Bank with the bank. In the year 1964, the Bank set up a Staff Training college at Kolkata. The Bank was one of the 14 major banks which were nationalised on July 19, 1969. After nationalization, the Bank expanded their branch network in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalization. In the year 1970, they set up mobile branches. In the year 1973, Hindustan Mercantile Bank Ltd merged with the Bank and in the year 1976, Narang Bank of India merged with the Bank. In the year 1980, the Bank was appointed as convenor of State Level Bankers' Committee in West Bengal, Tripura and Manipur. In the year 1993, the Bank brought their first branch under total branch mechanism. In the year 2000, they rolled out their first CBS branch. In the year 2007, the Bank set up United Bank Socio - Economic Development Foundation Trust for rendering assistance to the weaker and under priviledge sections of the society. They set up their first Rural Development & Self Employment Training Institute for providing residential training to small farmers and unemployed youth free of cost. In the year 2009, the Bank achieved 100% CBS for all their branches. As of January 31, 2010, their domestic branch network of 1,505 branches comprised 622 rural, 262 semi urban, 333 urban and 288 metropolitan branches. In March 25, 2010, the Bank opened their 1530 branch at Salt Lake under Kolkata (North) Region.