United Credit Limited

Summary

United Credit Limited (formerly known as United India Credit & Development Company Limited) was formed in the year 1970 upon nationalization of the then " United Bank of India Ltd." and took over the assets and liabilities of the said bank, as per the scheme of amalgamation approved by Hon'ble High Court at Calcutta.

Area of Operation

UCL is a Non-Banking Financial Company registered with Reserve Bank of India. Its main business is hire purchase, leasing and other financial services. However, it has started diversifying into other areas.

Listing

The company is listed with The Calcutta stock Exchange Association Ltd. and The Stock Exchange, Mumbai.