PNB offers major relief to customers, eOBC and eUNI cheque book to remain valid till June 30, 2021
Oriental Bank of Commerce and United Bank of India have been merged with PNB, meaning that the checkbooks, passbooks, IFSC codes of these banks will have to be changed by a deadline fixed by the bank.
Apr 01, 2021, 11:48 AM IST
Amalgamation of OBC, UBI into Punjab National Bank: What happens to your existing debit cards and internet banking after April 1, 2021?
According to information tweeted by PNB, the user ID of the old customers of Oriental Bank of Commerce and United Bank of India has changed. After the merger of OBC and UBI banks with PNB, the MICR Code and IFSC Code will also change from April 1, 2021.
Feb 02, 2021, 12:11 PM IST
PSU Banks' capital raises are credit positive: Moody's
On a pro forma basis, it said, the capital raise will add about 100 basis points to PNB's Common Equity Tier 1 (CET1) ratio, which was 8.1 percent as of September 2017.
Dec 19, 2017, 13:25 PM IST
UBI gets SEBI approval for Rs 1,000-cr equity issue via QIP
The lender had raised Rs 127.49 crore through sale of shares to qualified institutional investors in May.
Nov 22, 2017, 20:25 PM IST
UBI can work only if welfare schemes are phased out: CEA
The radical idea of giving free money under a universal basic income plan to reduce poverty can work in India only if the plethora of welfare schemes are phased out, Chief Economic Adviser Arvind Subramanian has said.
Apr 19, 2017, 16:10 PM IST
UBI only after withdrawal of present schemes: Subramanian
Chief Economic Advisor Arvind Subramanian on Friday said Universal Basic Income (UBI), as proposed in the recent Economic Survey, can be put in place only after withdrawal of the existing welfare projects.
Feb 24, 2017, 21:48 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
Economic Survey 2017 pitches for implementation of UBI to provide basic income for all
Invoking Mahatma Gandhi's vision of "wiping every tear from every eye", the Economic Survey today made a strong pitch for implementing Universal Basic Income (UBI) that stipulates a certain income for the poor.
Jan 31, 2017, 16:26 PM IST
Home, auto, personal loans get cheapest in 6 years as banks slash lending rate
Improvement in funds flow after demonetisation, major public sector banks in the country have set off a regime of low interest rates on consumer loans like home and auto loans.
Jan 02, 2017, 12:01 PM IST
Money for nothing? Swiss vote on basic income for all
In a global first, the Swiss will vote Sunday on a radical proposal to provide the entire population with enough money to live on, no strings attached.
Jun 05, 2016, 09:55 AM 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
UBI looks to bring down gross NPA below Rs 6,000 cr
The gross NPA level in percentage terms was around 9.5 percent.
Aug 28, 2015, 17:33 PM IST
United Bank cuts interest rates by upto 0.50% on select maturities
State-owned United Bank of India Monday announced a cut in deposit rates for various maturities by 0.25-0.50 percent.
Aug 17, 2015, 19:22 PM IST
UBI Q1 net falls 21% at Rs 52 crore
State-owned United Bank of India Monday reported a 20.75 percent dip in net profit at Rs 52.22 crore on account of higher provisioning.
Aug 03, 2015, 20:52 PM IST
United Bank tops list with highest bad loans among PSU lenders
United Bank of India has topped the list of public sector lenders with maximum bad loans including restructured assets as a percentage of total advances.
Jun 28, 2015, 11:16 AM IST
UBI ''serious'' to recover money from Kingfisher Airlines
In the recent AGM of the Kolkata headquartered bank, managing director and CEO P. Srinivas said: "We are fighting a legal battle against them (Kingfisher Airlines) beyond the consortium and we have already declared their corporate guarantor as willful defaulter."
Jun 23, 2015, 19:11 PM IST
United Bank mulling to shift treasury department to Mumbai
Kolkata-based lender United Bank of India is mulling at shifting its treasury department to the financial capital of the country in order to stay closer to the market.
Jun 21, 2015, 20:34 PM IST
United Bank of India cuts lending rate by 0.1%
State-owned United Bank of India (UBI) Tuesday reduced lending rate by 0.1 percent to 9.90 percent, a move which will lower EMIs for its borrowers.
Jun 09, 2015, 23:29 PM IST
Indian Bank cuts lending rate by 0.3%, UBI slashes FD rate
State-owned Indian Bank Thursday slashed base rate or the minimum lending rate by 0.3 percent while United Bank of India (UBI) has reduced fixed deposit rates by up to 0.25 percent on select maturities.
Jun 04, 2015, 21:29 PM IST
