United Industrial Bank

United Industrial Bank (UIB) was founded in Calcutta in 1940 by Jadunath Ray. In 1989 Allahabad Bank acquired it in a rescue.

In 1963 UIB acquired two banks. One was the Prabartak Bank, which the Prabartak Sangha movement had founded in Calcutta on 17 September 1929 as the Prabartak Bank and Insurance Company. At one point Prabartak Bank had a branch in Chittagong. The other was the Bank of Bankura, which had been established in Calcutta on 8 June 1936.

In 1964 United Industrial Bank acquired two more banks: Metropolitan Bank on 6 February, and Southern Bank on 24 August. Both Southern and Metropolitan Bank had been established in Calcutta, Southern on 10 October 1934, and Metropolitan on 16 October 1936.

In 1965 the Government of East Pakistan took over UIB's branch in East Pakistan.

At the time of its merger into Allahabad Bank, United Industrial had 145 branches.

References

• Reserve Bank of India. Statistical Tables Relating to Banks in India for the Year 1954. (Bombay).

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Banking in India

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Wholly owned subsidiary (WOS)	DBS Bank State Bank of Mauritius
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Surrendered licencees	Sun Pharmaceuticals Tech Mahindra
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Regional Rural
Banks

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Andhra	Andhra Pradesh Grameena Vikas Bank Andhra Pragathi Grameena Bank
Kerala	Kerala Gramin Bank North Malabar Gramin Bank South Malabar Gramin Bank
Uttar Pradesh	Allahabad UP Gramin Bank Gramin Bank of Aryavart Sarva UP Gramin Bank

Defunct banks

Merged	PSB New Bank of India Dena Bank Vijaya Bank Allahabad Bank Andhra Bank Corporation Bank Oriental Bank of Commerce United Bank of India Syndicate Bank SBI Bank of Bombay Bank of Calcutta Bank of Madras Imperial Bank of India State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Saurashtra State Bank of Travancore Bharatiya Mahila Bank Rescued Global Trust Bank (OBC) Lakshmi Vilas Bank (DBS) Nedungadi Bank (PNB) United Western Bank (IDBI) United Industrial Bank (Allahabad Bank) Punjab and Maharashtra Co-operative Bank (Unity SFB) Acquired Bank of Madura Bank of Rajasthan Bengal Central Bank Centurion Bank of Punjab Chartered Bank of India, Australia and China Grindlays Bank National Bank of India ING Vysya Bank Mercantile Bank of India, London and China Lord Krishna Bank Times Bank PSB Bharat Overseas Bank Pandyan Bank
Wound up	Bank of Chettinad Dass Bank Industrial Investment Bank of India
Failed	Alliance Bank of Simla Arbuthnot & Co Commercial Bank of India Exchange Bank of India & Africa (New) Oriental Bank Corporation Oudh Commercial Bank Madhavpura Mercantile Cooperative Bank
Liquidated	Bengal Bank (1784) Bank of Bombay (1720) Bank of Hindostan General Bank of India General Bank of Bengal and Bihar Nath Bank Palai Central Bank The Commercial Bank (1819) The Calcutta Bank (1824) The Union Bank (1828) The Government Savings Bank (1833) The Bank of Mirzapore (1835) Travancore National and Quilon Bank

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Digital wallets	Amazon Pay BharatPe Freecharge Google Pay Mobikwik Oxigen Services Payoneer PayU CitrusPay LazyPay Payworld PhonePe

Related topics

• ATM usage fees
• Bank run
• Black money
• Counterfeit money
• De-materialisation (de-mat)
• Demonetisation
  • 2016
  • Low denomination coins
• Foreign exchange (ForEx)

• Lists: List of banks
• List of oldest banks in India

Protocol and codes	Bharat Bill Payment System (BBPS) Indian Financial System Code (IFSC) National Unified USSD Platform (NUUP) Structured Financial Messaging System (SFMS)
Rates and ratios	Mumbai Inter-Bank Bid Rate - MIBID/Mumbai Inter-Bank Offer Rate - MIBOR Mumbai Interbank Forward Offer Rate - MIFOR Statutory Liquidity Ratio - SLR Cash Reserve Ratio - CRR
Regulators	Insurance - IRDAI Banking - RBI Securities - SEBI Bankruptcy - IBBI
Insolvency, bankruptcy and reconstruction	Boards BIFR IBBI CERSAI Legislation IBC SARFESI Act Companies ARCIL Edelweiss ARC IAMCL
Legislation	Banking Regulation Act, 1949 Government Securities Act, 2006 IBC, 2016 NaBFID, 2021 RBI Act, 1934 SARFESI Act, 2002 Income-tax Act, 1961 Companies Act, 2013 Insurance Act, 1938 FEMA, 1999
Tribunals	Company Law - NCLT Appellate - NCLAT
Measures	Prompt Corrective Action
Other	Institute of Banking Personnel Selection Mumbai Consensus