About Us

United Credit Limited (UCL) is the successor to the erstwhile United Bank of India Limited (UBIL). The name of the Company was originally United India Credit and Development Company Limited (UCDCL), which has been changed to United Credit Limited on 1st January, 1981 upon compliance of applicable statutory provisions. Consequent upon nationalization of the banking sector, the undertaking of UBIL became vested in the corresponding new bank, United Bank of India and pursuant to the scheme of amalgamation approved by the Hon’ble High Court at Calcutta by an Order dated 23rd August, 1974 UBIL was merged with UCDCL, and the assets and liabilities of UBIL were transferred to and became vested in UCDCL.

The Company is mainly divided operationally into the lease, hire purchase, consumer financing, investment and capital market operation. The overall management of the Company is vested in the Board of Directors of the Company. Mr. Ashok Kumar Dabriwala is presently functioning as Managing Director of the Company and he is also the Chairman of the Board.