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United Bank of India

Govt infuses Rs 2159 crore in United Bank of India

The Finance Ministry had informed the bank about the capital infusion on Wednesday (December 26), United Bank of India said in a regulatory filing.

Dec 28, 2018, 11:33 AM IST

United Bank of India raises deposit rates by 0.25%

The interest rate for fixed deposits between 1-3 years will increase to 6.25 percent from 6 percent.

Dec 13, 2018, 12:37 PM IST

United Bank of India increases MCLR by 5 basis points

The one-year MCLR has been increased to 8.85 percent from 8.80 percent.

Sep 13, 2018, 12:35 PM IST

ED registers case in alleged Rs 173 crore fraud in UBI

The CID had arrested three senior employees of the Kolkata-headquartered bank in this case in June last year.

Mar 16, 2018, 00:13 AM IST

SBI, IFCI, United Bank scout for buyers to clear off Rs 16,349 crore dud accounts

SBI has asked the bidders to submit expression of interest by March 9, 2018 and further to complete the due diligence by March 22.

Mar 08, 2018, 10:29 AM IST

CBI files FIR against former United Bank of India chairman over disproportionate assets

The former UBI chairman, according to news agency ANI, has been charged with acquiring disproportionate assets worth Rs 3.6 crore.

Mar 01, 2018, 18:26 PM IST

12 PSU banks firming plans to raise funds from markets

Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.

Aug 06, 2017, 16:53 PM IST

Finance Ministry in talks with PSBs to get a fix on growth plans, funding

The finance ministry has initiated detailed discussions with select public banks to assess their growth blueprint over the next three years and seek turnaround plans to check if they need more growth capital.

Apr 23, 2017, 12:10 PM IST

Govt approves second tranche of capital infusion in PSU banks

The government has approved the second tranche of capital infusion in public sector banks to enhance their capital base.

Mar 17, 2017, 21:59 PM IST

Merger of weak PSU banks can be a possibility: UBI CEO

Merger of weak public sector banks cannot be ruled out in a run up to meet Basel III norms, a top bank official said today.

Feb 03, 2017, 19:31 PM IST

United Bank of India slashes lending rate by up to 0.90%

Public lender United Bank of India slashed its benchmark lending rate by up to 0.90 percent, joining others such as State Bank of India, ICICI Bank, HDFC Bank and Punjab National Bank.

Jan 05, 2017, 12:57 PM IST

Mayawati says money in BSP bank accounts legal, accuses BJP of working with vendetta

Bahujan Samaj Party chief Mayawati on Tuesday attacked the BJP government at the Centre, a day after the Enforcement Directorate detected cash deposits totalling over Rs 104 crore in an account belonging to her party and Rs 1.43 crore in another belonging to party her brother, Anand.

Dec 27, 2016, 12:30 PM IST

Enforcement Directorate finds more than Rs 100 crore in BSP account; Mayawati's brother also under scanner

The ED on Monday detected cash deposits totalling over Rs 104 crore in an account belonging to the BSP.

Dec 26, 2016, 22:45 PM IST

Vijay Mallya case: Debt Recovery Tribunal raps banks for casual approach

Terming GoAir and Indigo as "innocent" third parties, the Debt Recovery Tribunal has rapped banks for filing interim applications in a "casual and routine manner" to make them party to the Vijay Mallya case.

Oct 21, 2016, 18:35 PM IST

UBI receives Rs 608 cr capital infusion from govt

 State-owned United Bank of India (UBI) said it has received Rs 608 crore capital infusion from the government.

Sep 23, 2016, 11:49 AM IST

CBI books United Bank ex-CMD for corruption

The CBI on Thursday registered a case against former Chairman and Managing Director (CMD) of United Bank of India Archana Bhargava for abusing her official position in 2011 and 2013.

Sep 15, 2016, 18:34 PM IST

UBI to raise Rs 480 crore from govt via preferential allotment

State-owned United Bank of India (UBI) today said the government has approved capital infusion of Rs 480 crore in lieu of preferential allotment of shares.

Mar 30, 2016, 13:26 PM IST

After SBI and PNB, UBI to declare Vijay Mallya wilful defaulter?

After being declared as wilful defaulter by State Bank of India and Punjab National Bank, one more state-run lender United Bank of India Monday said it is continuing its efforts to declare liquor barron Vijay Mallya as wilful defaulter.

Mar 07, 2016, 21:41 PM IST

United Bank to cut bulk deposit rates by up to 1.5% from Monday

Public sector United Bank of India Thursday said it will cut interest rates on bulk deposits of Rs 1 crore and above for various maturities by 0.25-1.5 percent from Monday.

 

Jan 14, 2016, 18:43 PM IST

More PSBs, private banks join rate cut bandwagon

State-run United Bank of India in a separate statement said that it has decided to reduce base rate or the minimum lending rate to 9.65 percent from 9.90 percent with effect from October 12.

Oct 03, 2015, 18:04 PM IST