Union Bank to seek shareholders nod to raise up to Rs 6,800 cr equity capitalThe EGM will be held on December 30, 2020 through video conferencing or other audio visual means to obtain shareholders' approval for raisi...
Functioning of merged entity of PNB, OBC, UBI to be big challenge during lockdown: OfficialThe merger of UBI and OBC into PNB will lead to the creation of the country's second largest lender after State Bank of India, an official ...
8 state-owned banks announce share swap ratios for mergersAccording to the swap ratio, 1,150 equity shares of PNB are to be exchanged for every 1,000 equity shares of Oriental Bank of Commerce, whi...
United Bank of India to report profit for March quarter: CEOUBI would raise up to Rs 1,000 crore from the market in the second half of the fiscal.
Universal income better help than subsidies: Economic SurveyThe survey says that a UBI that reduces poverty to 0.5 per cent would cost between 4-5 percent of GDP, assuming that those in the top 25 pe...
United Bank of India to issue shares to government to raise Rs 608 croreThe bank has called an extraordinary general meeting on September 7 to get shareholders’ approval for the proposed capital infusion at the ...
United Bank to raise Rs 1,000 crore through securitiesPublic sector United Bank of India (UBI) plans to raise up to Rs 1,000 crore by issuing securities.
Bank of India, Union Bank of India issue preferential shares worth Rs 3,534 crore to governmentBOI, UBI have issued equity shares worth Rs 2,455 crore and Rs 1,079 crore respectively to the govt on preferential basis for capital infus...
Italian bank UBI's offices searched, executives under investigaton: SourcesItalian magistrates are investigating three executives at Unione di Banche Italiane (UBI), Italy's fifth-biggest lender as part of probe.
- Subscribe to United Bank of India IPO, says SPA Securities
SPA Securities has advised investors to ‘Subscribe’ to initial public offering of United Bank of India.
- UBI gets finmin nod for IPO
After much dilly-dallying, the finance ministry has allowed Kolkata-based United Bank of India (UBI) to go public.
- UBI crosses the milestone of Rs 1 lakh cr of business
United Bank of India (UBI) has crossed the milestone of Rs 1 lakh crore of business and is now eligible for maintaining a second executive ...
- UBI allowed to restructure bank's capital
The Union government allowed United Bank of India to restructure the bank’s capital by reducing its paid-up equity to Rs 266 crore from Rs ...
- UBI may get nearly Rs 1500 cr boost
As part of the UPA government's recapitalisation support to public sector banks (PSBs), Kolkata-based United Bank of India (UBI) is likely ...
- UBI, Emkay in tie-up to provide online trading facilities
Union Bank of India (UBI) and Emkay Share and Stock Brokers, have entered into a strategic alliance which would offer Emkay's online tradin...
- UBI signs MoU with Everest Bank of Nepal
United Bank of India and Everest Bank Limited of Nepal signs a Memorandum of Understanding for cooperation in banking services.
- United Bank to move govt with capital rejig plan again
United Bank of India (UBI) will once again ask the Centre to consider its capital restructuring proposal. Earlier, the government had rejec...