No, but it was an awesome interpretation of Ubu. Thing is, Ubu isn't very marketable, so they had to call him Bane to get people's butts in the theater.
You tell normies "This is the movie where Batman fights Bane" they'll get excited because they know from cartoons and shit who Bane is. You tell normies "This is a movie where Batman fights Ubu" they'd be like "Now out of all the bad guys to choose from why the fuck would you do Ubu?!?" or "Wait, which one is Ubu again???"
But yeah, the guy in Dark Knight Rises was totally Ubu.