United Bank of India is going to consider amalgamation of the Bank into Punjab National Bank. The meeting of the Board of Directors of the Bank has been scheduled on September 6, 2019, to consider the same.
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 nationalization.
