In
August
2011, United Bank
of India, launched its mobile banking application. This was the
forerunner for launching IMPS for it's customers.
In
July 2012, United Bank of India formally launched the IMPS facility
for its customers.
UBI
is popularly known as 'Tea
Bank of India', as
it has an age old association with the Indian Tea Industry. UBI is
the largest lender to the Indian Tea Industry.
Though
United Bank of India, came into existence in 1950, its original roots
go back to 1914. United Bank of India, is an amalgamation of 4 bankz
viz. Comilla
Banking Corporation Ltd.
(1914), Bengal Central Bank Ltd. (1918), Comilla
Union Bank Ltd.
(1922) and Hooghly Bank Ltd. (1932) (which were established in the
years indicated in brackets after the names).
UBI
is the Lead Bank in 30 districts of West Bengal, Assam, Manipur and
Tripura. It also dons the mantle of Convener of the State Level
Bankers' Committees (SLBC) for the States of West Bengal and Tripura.
UBI
concentrated in spreading the banking services more particularly in
Eastern and North-Eastern India. UBI has sponsored 4 Regional Rural
Banks (RRB) one each in West Bengal, Assam, Manipur and Tripura.
These four RRBs together have over 1000 branches.
UBI
has spread the banking services to the people living in the not
easily accessible areas of the Sunderbans in West Bengal, UBI had
established two floating mobile branches on motor launches which
moved from island to island on different days of the week. The
floating mobile branches were discontinued with the opening of
full-fledged branches at the centers which were being served by the
floating mobile branches.
On
the way, UNI in 1973 UBI acquired Hindusthan Mercantile Bank and in
1976 UBI acquired Narang Bank of India.
With
the introduction of IMPS, the staff of Tea Estates will be the major
beneficiaries, as they can now quickly,safely remit/receive money.
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