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    United Bank of India-Final

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    kalyani_iyer63504
    United Bank of India was formed in 1950 through the amalgamation of four banks and was later nationalized in 1969. It has over 1,600 branches across India and employs around 15,000 people. The bank has seen business growth of over 11% in the last year. United Bank of India provides its employees with competitive pay and benefits including insurance, loans, training programs, and retirement plans. The bank works with trade unions and has grievance procedures in place to resolve any conflicts that may arise.

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    United Bank of India-Final

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    kalyani_iyer63504
    189 views18 pages
    United Bank of India was formed in 1950 through the amalgamation of four banks and was later nationalized in 1969. It has over 1,600 branches across India and employs around 15,000 people. The bank has seen business growth of over 11% in the last year. United Bank of India provides its employees with competitive pay and benefits including insurance, loans, training programs, and retirement plans. The bank works with trade unions and has grievance procedures in place to resolve any conflicts that may arise.

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    United Bank of India was formed in 1950 through the amalgamation of four banks and was later nationalized in 1969. It has over 1,600 branches across India and employs around 15,000 people. The bank has seen business growth of over 11% in the last year. United Bank of India provides its employees with competitive pay and benefits including insurance, loans, training programs, and retirement plans. The bank works with trade unions and has grievance procedures in place to resolve any conflicts that may arise.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    189 views18 pages

    United Bank of India-Final

    Uploaded by

    kalyani_iyer63504
    United Bank of India was formed in 1950 through the amalgamation of four banks and was later nationalized in 1969. It has over 1,600 branches across India and employs around 15,000 people. The bank has seen business growth of over 11% in the last year. United Bank of India provides its employees with competitive pay and benefits including insurance, loans, training programs, and retirement plans. The bank works with trade unions and has grievance procedures in place to resolve any conflicts that may arise.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 18

    -United Bank of India-

    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.

    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

    Shareholding pattern - United Bank of India


    Holder's Name Promoters Other Companies FinancialInstitutions GeneralPublic No of Shares 294,420,621 22,710,893 17,337,569 15,051,406 % Share Holding 81.56% 6.29% 4.80% 4.17%

    NBanksMutualFunds
    ForeignInstitutions Others ForeignNRI

    6,011,011
    3,226,020 1,778,082 463,318

    1.67%
    0.89% 0.49% 0.13%

    Mar - 2012

    Business Results
    (Rs in Crore)

    Rs in Crore

    Dec 2012 Total Business 11.1 % 157682

    Dec 2011 141915

    Deposits

    11.2%

    92086

    82815

    CA SA

    11.8%

    36819

    32939

    Advances

    11.0%

    65596

    59100

    Pan-India Presence

    Network of

    1659 Branches
    As on 31.12.2012

    15000 Employees

    H.O. Kolkatta

    Regional distribution of Branches as on 31.12.2012


    Metro 322 19%
    Urban 386 23% South West North 87, 70, Central 68, 4% 5% 4% 110, 6% East 1071, 63%

    Rural 670 40%

    North East 289, 17%

    Semi Urban 316 18%

    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

    New Initiatives 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 of Mission 1000 ATMs MoU signed with UID Authority Launch of Regional Processing Center in Mumbai

    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

    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

    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 her complaint 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.

    Strike Details
    Till time, Bank have not suffered any work stoppage or lock out strikes All strikes carried out as per AIBEA (All India Bank Employees Association) instructions Participate only in national strikes

    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

    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, professional membership 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

    Employee benefits
    1. 2. 3. 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 Additional Gratuity to employees dying while in service . Writing off liabilities of employees dying in harness Reimbursement of Educational Expenses of the children

    Suggestion and recommendation


    There is no medical Officer. This is needed to provide quick action in 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.

    Thank You

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