To make the loan processing smooth and speedy, United Bank of India (UBI) has set up a centralized retail hub at its headquarters in Kolkata. This new hub is manned by a specialised team of officers and is under direct monitoring of Retail Banking Department. The main objective of setting up the centralised retail hub is to make the loan processing faster and make the loans sanction within a time period of six days, to ensure the development in retail growth.
United Bank of India is one of the 14 major banks which were nationalized on July 19, 1969. After nationalization, the Bank expanded its 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 nationalisation.
