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词条 United Western Bank
释义

  1. Citations

{{Use dmy dates|date=October 2015}}{{Use Indian English|date=October 2015}}United Western Bank (UWB) was an Indian bank founded in 1936 that IDBI Bank acquired in 2006 in a rescue.[1] The Reserve Bank of India placed UWB under a moratorium to protect the interest of public and depositors as growing losses eroded its capital.[2]

Annasaheb Chirmule, a leader of the Swadeshi movement, founded Satara Swadeshi Commercial Bank in 1907, and some three decades later founded United Western Bank. The bank was incorporated in 1936, and commenced operations the next year. UWB's head office was in Satara, in Maharashtra State. It became a Scheduled Bank in 1951.

In 1956 UWB acquired Union Bank of Kolhapur, which had been incorporated on 5 July 1949.

In 1961 UWB acquired Satara Swadeshi Commercial Bank.[3] Established on 20 August 1907, this was the first bank established at Satara.

At the time of the merger with IDBI, UWB had some 230 branches spread over 47 districts in 9 states, controlled by five Zonal Offices at Mumbai, Pune, Kolhapur, Jalgaon and Nagpur. By acquiring UWB, IDBI was able to increase its branch network from 195 to 425 branches.[4][5]

Citations

1. ^{{cite web|url=http://www.rediff.com/money/2006/sep/15idbi.htm |title=IDBI chairman to the rescue |publisher=Rediff.com |date= |accessdate=2010-07-26}}
2. ^{{cite news |url=http://www.tribuneindia.com/2006/20060903/biz.htm |title=RBI moratorium on United Western Bank |newspaper=The Tribune |date=2 September 2006 |accessdate=22 February 2014}}
3. ^{{cite web|author=Webdeveloper |url=http://www.icmrindia.org/casestudies/catalogue/Finance/The%20Fall%20of%20United%20Western%20Bank-Finance%20Management%20Case%20Study.htm |title=The Fall of United Western Bank | Finance Case Studies | Business Finance Management Cases | Case Study |publisher=Icmrindia.org |date= |accessdate=2010-07-26}}
4. ^{{cite web |url=http://www.idbi.com/idbi-bank-history.asp |title=History |publisher=IDBI Bank |date= |accessdate=22 February 2014}}
5. ^{{cite news |url=http://www.rediff.com/money/2006/sep/12bank.htm |title=United Western Bank to merge with IDBI |newspaper=Rediff.com |date=13 September 2006 |accessdate=22 February 2014}}
{{Banking in India}}{{DEFAULTSORT:United Western Bank}}

5 : Banks established in 1936|1936 establishments in India|Banks disestablished in 2006|2006 disestablishments in India|Defunct banks of India

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