united bank of india-final

7/29/2019 United Bank of India-Final

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-United Bank of India-


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History

Constituted under the Banking Companies (Acquisition

and Transfer of Undertakings) Act, 1970 on July 19, 1969

United Bank of India is one of the 14 banks which were

nationalized on July 19, 1969.

The UBI was formed in 1950 with the amalgamation of

four banks viz. Comilla banking Corporation Ltd , Bengal

Central Bank Ltd, Comilla Union Bank Ltd and Hoggy Bank

Ltd.


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Contd

On October 12, 1950, the name of Bengal Central

Bank Limited (established in 1918 as Bengal

Central Loan Company Limited) was changed to

United Bank of India Limited


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Shareholding pattern - United Bank of

IndiaHolder's Name No of Shares % Share Holding

Promoters 294,420,621 81.56%

Other Companies 22,710,893 6.29%

FinancialInstitutions 17,337,569 4.80%

GeneralPublic 15,051,406 4.17%

NBanksMutualFunds 6,011,011 1.67%

ForeignInstitutions 3,226,020 0.89%

Others 1,778,082 0.49%

ForeignNRI 463,318 0.13%


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Business ResultsMar - 2012 Rs in Crore

(Rs in Crore)

Total Business

Deposits

Advances

CA SA

15768211.1%

9208611.2%

3681911.8%

6559611.0%

141915

82815

32939

59100

Dec 2012 Dec 2011


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Network of

1659 BranchesAs on 31.12.2012

15000Employees

Pan-India Presence

H.O.Kolkatta


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Regional distribution of Branches as on

31.12.2012

Urban

386

23%

Semi

Urban

316

18%

Rural

670

40%

Metro

322

19%

East

1071,

63%

North

East

289,

17%

Central

110,

6%

West

68, 4%

North

87,

5%

South

70,

4%


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Details of Trade Union

Having 6 internal Unions

3 unions plays major role

UBIOEA : United bank of India Officers employee association

UBOA: United bank officer association

UBIEA: United bank of India employees association


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Creation of Alternate Delivery Channel

Launch of Central Pension Processing Unit

Creation of Retail Hubs

New Regions created

Launch of full-fledged Internet Banking and Tele-banking

Launch ofMission 1000 ATMs

MoU signed with UID Authority

Launch of Regional Processing Center in Mumbai

New Initiatives


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Criteria use to assess effectiveness of IR

Policy

They have their IR policy in written format, which is amended in

every 5 years.

Management conduct quarterly meeting with the trade unions

Unions are allowed to share their suggestions


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Conflict resolution Mechanism

Objectives

Be given a fair hearing by their immediate superiors concerning any

grievance they may wish to raise.

They can free to appeal to a more senior manager against the

decision made by immediate superior.

May be accompanied by a fellow employee of their own choice

when raising the grievance or appealing against a decision.

They follow Bi-partite mechanism for conflict resolution


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Conflict resolution Mechanism

Grievance Handling Procedure

Aggrieved employee shall first present his grievance verbally to his immediate

superior . An answer shall be given by his immediate superior with in 48 hours of

presentation of the complaint.

If employee is not satisfied with the redressal from immediate superior with in

the prescribed time .he or she can walk his or her grievance in writing. His or hercomplaint shall be redressal with in three days by his HOD.

In case employee does not get any response from his or her HOD with in three

days of presenting of complaint or he is not satisfied with the redressal given to

him then he may bring forward his grievance to a Union.

Final decisions are taken by management.


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Strike Details

Till time, Bank have not suffered any work stoppage or lock outstrikes

All strikes carried out as per AIBEA (All India Bank Employees

Association) instructions

Participate only in national strikes


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Approach towards IR They have their IR policy in written format, which is amended in

every 5 years.

Management conduct quarterly meeting with the trade unions

Unions are allowed to share their suggestions

They do believe that there should be some improvement in the IR

[policy] in terms of understanding the employees suggestions

before taking any final decision.

Recruitment decision are taken by management only


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Employee benefits

Competitive pay and rewards

Special Discounts

Additional rate of Interest on Savings

Loan Facility

Private Mediclaim insurance

Professional development

Through tertiary study assistance, availability of career break, professionalmembership support and an extensive curriculum of internal and external

learning programs.

Employee Assistance Program

offers confidential services to employees to help resolve personal and family

issues


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Holiday Home facility

Canteen Subsidy

Retirement Benefits

PL Encashment

Gratuity

Pension

Family Pension (On death of an employee who had opted for pension )

Mediclaim Insurance Scheme For Retired Employees

Benefits to employee dying while in service

1. Additional Gratuity to employees dying while in service .

2. Writing off liabilities of employees dying in harness

3. Reimbursement of Educational Expenses of the children

Employee benefits


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Suggestion and recommendation

There is no medical Officer. This is needed to provide quick actionin case of any accident.

There should be need of improvement in recreation facilities like

Rest room, Picnics, employee engagement etc

There should need to increase the retirement and death benefits

Bi-partite settlement should done within time.


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Thank You

united bank of india-final

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