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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.

United Bank to 'name and shame' wilful defaulters: Narang

Last Updated: Friday, July 18, 2014, 14:02

State-owned United Bank of India will soon embark upon process to 'name and shame' its wilful defaulters as part of its effort to recover dues.

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.

RBI doesn't have magic wand to help United Bank: Chakrabarty

Last Updated: Thursday, March 20, 2014, 19:19

United Bank posted a net loss of Rs 1,238 crore in the three months to December.

Chidambaram to discuss United Bank crisis with RBI Governor

Last Updated: Wednesday, March 05, 2014, 21:42

The Finance Minister is scheduled to address the Reserve Bank of India board here on March 7. Besides the UBI issue, Chidambaram will discuss matters related to new bank licences.

United Bank faces auditing, corporate governance probes

Last Updated: Sunday, March 02, 2014, 18:43

Besides, the Institute of Chartered Accountants of India (ICAI) is believed to be looking at the role of the bank's auditors, sources said, although there was no official word on these fresh probes.

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 to raise Rs 1,000 cr equity capital

Last Updated: Sunday, February 16, 2014, 12:29

Government holds 87.99 per cent in the Kolkata-headquartered bank.

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.