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
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
Govt to infuse Rs 5,393 cr in SBI; IOB, UBI to also get funds
Country's largest lender SBI Tuesday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,393 crore.
Aug 25, 2015, 23:28 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
Kingfisher Airlines loan recovery not possible in near-term: United Bank to BSE
State-run lender United Bank of India Monday informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short-run but hoped the recovery could be possible in the long-run.
May 25, 2015, 22:47 PM IST
BSE seeks clarification from United Bank over Kingfisher Airlines loan
State-run United Bank of India Monday said the BSE has sought clarifications from it on reports that it does not expect to recover Rs 400 crore loan to the grounded carrier Kingfisher Airlines.
May 25, 2015, 21:05 PM IST
United Bank of India Q4 net down 77% at Rs 104 cr
State-run United Bank of India on Thursday posted a steep 77.7 percent fall in net profit at Rs 104.78 crore for the last quarter of 2014-15 financial year due to rise in bad loans.
May 07, 2015, 18:29 PM IST
'Poor investment flows to hurt United Bank's credit growth'
Recently, the banking regulator had lifted all lending restrictions which were imposed in December 2013 as the bank had posted a loss in that quarter owing to high NPA levels.
Mar 29, 2015, 11:20 AM IST
UBI silent march on NPAs
The top management and employees of the state-owned United Bank of India (UBI) would take out a silent march in the city tomorrow to create awareness about the rising levels of NPAs in the banking system.
Mar 21, 2015, 14:47 PM IST
UBI cuts deposit rate on select maturities to 8.25%
Following RBI's repo rate cut last week, United Bank of India (UBI) Monday reduced retail term deposit rates on amounts of up to Rs 1 crore by 0.25 percent to 8.25 percent.
Mar 09, 2015, 22:09 PM IST
United Bank proposes Rs 1,000 crore preferential issue
State-owned United Bank of India today proposed a Rs 1,000-crore preferential issue to the government to meet its capital requirement and growth needs.
Feb 10, 2015, 18:53 PM IST
