Background: Since the data on acute upper gastrointestinal bleeding (UGIB) is lacking in many of the institutes of India, this study was taken up to find out the etiology, clinical features and management of patients with acute UGIB. The other aims of the study were to assess the factors associated with re-bleeding and mortality in patients with acute UGIB. Methods: This study was a hospital-based, prospective observational study, done in all patients presenting with acute upper gastrointestinal bleed, over a period of 18 months from September 2010 to February 2012. Results: There were 396 patients admitted with upper GI bleed. 17 patients (4.2%) presented twice with recurrent acute UGIB. The majority of these patients (52.3%) were in 41-60 year age group. 35.9% patients had Oesophageal Varices. The erosive mucosal disease was the commonest cause (29%) of bleeding in patients with Non-Variceal bleed. Endoscopic variceal ligation was done in 125 (30.6%) patients, sclerotherapy in 9 (2.3%) patients and 13 (3.3%) underwent adrenaline injection. Endoscopy failed to control bleeding in 4.5% of patients. The recurrent rate of bleeding during the hospital stay was 11.9%. Thirty-four (8.6%) patients' died. 362 patients went home after a mean hospital stay of 6.2 days. Conclusion: Unlike the evidence from the western studies that peptic ulcer is the commonest cause for acute UGIB; we found varices as the common cause followed by erosive mucosal disease. The recurrent rate of bleeding and mortality were 11.9% and 8.6% respectively. Factors found to be significantly associated with recurrent bleeding & mortality was chronic liver disease and those who needed multiple transfusions.There is scope in improving the outcomes of Acute UGIB.