RBI rate cut: UBI, Union Bank slash rates, others likely to follow soon
Within hours of rate cut announced by RBI, United Bank and Union Bank have reduced the benchmark lending rates by 0.25 percent and 0.5 percent respectively, while other banks including market leader SBI have indicated that they would follow suit.
Jan 15, 2015, 16:19 PM IST
United Bank cuts lending rate by 0.25% after RBI move
Taking a cue from RBI easing of policy rate, state-owned United Bank of India Thursday slashed its base rate or the minimum lending rate by 0.25 percent to 10 percent.
Jan 15, 2015, 11:03 AM IST
United Bank, Dhanlaxmi Bank have high NPA ratios: Jayant Sinha
United Bank of India and Dhanlaxmi Bank top the list of public and private sector lenders with maximum incidence of bad loans.
Dec 16, 2014, 15:44 PM IST
Not a wilful defaulter, Kingfisher Airlines tells UCO Bank
Kingfisher Airlines has objected to being identified as a 'wilful defaulter' by state-run UCO Bank, which had sent a notice following non-repayment of a Rs 450 crore loan by the grounded carrier.
Dec 05, 2014, 22:08 PM IST
United Bank of India identifies UB Holding as wilful defaulter
The bank has already declared Kingfisher Airlines and its four directors, including Mallya, as wilful defaulters.
Dec 02, 2014, 16:02 PM IST
Tweaking wilful defaulter definition to cover directors: Rajan
Governor Raghuram Rajan on Tuesday said the Reserve Bank is in the process of redefining the definition of "wilful defaulters" so as to bring the directors of defaulting companies under its ambit.
Sep 30, 2014, 16:33 PM IST
Calcutta HC stays UBI's wilful defaulter tag, says Kingfisher
Beleaguered carrier Kingfisher Airlines on Saturday said it has secured a stay from the Calcutta High Court on United Bank of India declaring the airline and its directors, including promoter Vijay Mallya, as wilful defaulters.
Sep 27, 2014, 18:38 PM IST
UCO Bank weighing options to send wilful notice to KFA
State-owned UCO Bank on Friday said that it was mulling options of sending wilful defaulter notice to debt-ridden Vijay Mallya-owned Kingfisher Airlines, which is now grounded.
Sep 19, 2014, 14:15 PM IST
Sebi working on guidelines to check wilful defaulters: Sinha
Sebi is working on guidelines to deal with wilful defaulters but there is no restriction at present on such entities from raising funds from the capital market, according to the regulator's chief U K Sinha.
Sep 17, 2014, 14:05 PM IST
Wilful defaulter tag a 'powerful weapon' for creditors: Rajan
Reserve Bank Governor Raghuram Rajan has said the wilful defaulter tag is a powerful weapon in the hands of banks for resolving bad loans.
Sep 05, 2014, 20:53 PM IST
Will pursue legal remedies against 'wilful defaulter' tag: Vijay Mallya
UB group Chairman and debt-ridden Kingfisher Airlines promoter Vijay Mallya, declared a wilful defaulter by the United Bank of India, Thursday said he disagreed with its action and would pursue all legal remedies available.
Sep 04, 2014, 14:13 PM IST
Kingfisher Airlines to challenge United Bank's decision
Hours after the Supreme Court refused to entertain a petition filed by Kingfisher Airlines against being declared wilful defaulter by United Bank of India, the airline on Tuesday said it would "vigorously challenge" the bank's decision.
Sep 02, 2014, 15:27 PM IST
UBI files caveat in SC against Kingfisher Airlines
UBI has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA) shortly after Calcutta High Court division bench's judgement was delivered yesterday.
Aug 29, 2014, 15:36 PM IST
Not considering any proposal for merger with United Bank: IDBI Bank
State-owned IDBI Bank has said it is not considering any proposal to merge Kolkata-based United Bank of India with itself.
Jul 29, 2014, 10:50 AM IST
United Bank raises Rs 300 cr by selling shares to LIC
State-owned United Bank of India Monday said it has raised Rs 300 crore by selling shares on preferential basis to LIC.
Jul 28, 2014, 21:10 PM IST
Banks' merger plan on the anvil; SBI and SBP first in queue
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.
Jul 26, 2014, 12:21 PM IST
United Bank to raise Rs 300 cr by selling shares to LIC soon
The bank proposes to issue 8.45 crore shares to LIC at a price of Rs 35.50 per share.
Jul 23, 2014, 14:59 PM IST
