"We have identified UB Holdings as wilful defaulter because it had resources to repay loan as guarantor of Kingfisher Airlines," UBI's Deep...

The SEBI was also planning to streamline the disclosure rules under clause 36 properly and for that a discussion paper had also been circul...

Not utilizing the loans for a specific purpose or siphoning off funds, or disposing off assets are some of the other factors.

There are several serious repercussions of a company being declared a wilful defaulter, which include restricting any future access to bank...

Justice Dipankar Dutta had on July 10 directed that UBI authorities would have to give 72-hour notice to Kingfisher for fixing a date for t...

State-run United Bank of India (UBI) won the second leg of the legal battle with Kingfisher Airlines chairman Vijay Mallya.

UBI executive director Deepak Narang told ET that the bank will start lending to borrowers rated below ‘triple A’ after it gets some propos...

State-owned United Bank of India plans to raise Rs 300 crore by selling shares on preferential basis to Life Insurance Corporation (LIC) so...

Banks had been following this strategy in most states barring a few like West Bengal and Kerala because of some legal blockades.

As part of this, the bank will publish photographs of defaulters and other details in newspapers and at notice boards of bank branches.

UBI will ask Kingfisher Airlines' Vijay Mallya to appear before an internal committee to defend himself before being declared a wilful defa...

FinMin needs to begin afresh search for a new chief for UBI as the plan to appoint Punjab and Sind Bank Executive Director Mukesh Kumar Jai...

The government has told the United Bank of India to keep focusing on recovery of sticky loans for another few quarters to clean up its bala...

United Bank of India has taken action against four loan defaulters in an attempt to reduce its non-performing loans.

United Bank of India is expecting a Rs 100 crore capital infusion from the government, its principal shareholder with 81.6% holding, before...

UBI plans to sell bad loans worth Rs 200-250 crore to asset reconstruction companies and it has already identified some 70 accounts.

Concerned over different VAT rates on mobiles in different states, device manufacturers have demanded a uniform GST rate on handsets in Bud...