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Not considering any proposal for merger with United Bank: IDBI Bank

Last Updated: Tuesday, July 29, 2014, 10:50

State-owned IDBI Bank has said it is not considering any proposal to merge Kolkata-based United Bank of India with itself.

United Bank raises Rs 300 cr by selling shares to LIC

Last Updated: Monday, July 28, 2014, 21:10

State-owned United Bank of India Monday said it has raised Rs 300 crore by selling shares on preferential basis to LIC.

Banks' merger plan on the anvil; SBI and SBP first in queue

Last Updated: Saturday, July 26, 2014, 12:21

SBI first merged its State Bank of Saurashtra with itself in 2008. Two years later in 2010, State Bank of Indore was merged with SBI.

United Bank to raise Rs 300 cr by selling shares to LIC soon

Last Updated: Wednesday, July 23, 2014, 14:59

The bank proposes to issue 8.45 crore shares to LIC at a price of Rs 35.50 per share.

UBI slaps petition against Kingfisher Airlines

Last Updated: Thursday, May 29, 2014, 18:08

City-based United Bank of India (UBI) has filed a winding up petition against Kingfisher Airlines for failing to retire loans amounting to Rs 336 crore.

United Bank of India Chairperson Archana Bhargava resigns

Last Updated: Friday, February 21, 2014, 19:37

United Bank of India Chairperson Archana Bhargava has quit after taking voluntary retirement, citing health grounds, amid probes into misreported bad loans.

Infosys cites UBI official to say no deficiencies in software

Last Updated: Friday, February 21, 2014, 00:26

A day after United Bank of India (UBI) blamed software sourced from Infosys for wrong classification of bad loans, the IT company today issued a statement quoting a senior bank official to say there were "no inherent deficiencies."

United Bank, Canara Bank revise interest rates

Last Updated: Thursday, February 13, 2014, 22:24

Public sector lenders United Bank of India (UBI) and Canara Bank Thursday revised interest rates.

ICRA downgrades United Bank bond's rating on NPA scare

Last Updated: Thursday, February 13, 2014, 20:28

The troubles of United Bank of India (UBI), which saw a massive spike in its bad loans, increased Thursday with ICRA downgrading the rating on the Kolkata-based government lender's tier-II bonds programme.

United Bank of India books loss of 489 cr in Q2

Last Updated: Saturday, November 09, 2013, 20:53

The Kolkata-based state-owned lender had earned a net profit of Rs 144.63 crore for the same period of 2012-13.

Finmin displeased at poor profit numbers of state-run banks

Last Updated: Sunday, May 26, 2013, 14:28

Driven by a higher provisioning, SBI's net for the March quarter plunged 18.5 percent at Rs 3,299.22 crore against Rs 4,050.27 crore in year-ago period.

United Bank of India plans to raise Rs 1,000 cr via QIP

Last Updated: Tuesday, May 14, 2013, 20:54

Kolkata-based United Bank of India (UBI) is planning to raise Rs 1,000 crore capital and would soon seek the government's nod for the same.