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United Bank News

14 Jan 2016

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.

02 Jan 2016

Pakistan imports pink balls from Australia for first-class final

Pakistan has already imported pink balls from Australia for the final.

United Bank of India

21 Jun 2015

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.

25 May 2015

United Bank says lost hope to recover money from Kingfisher Airlines

United Bank of India has become the first of the 17 lenders to publicly admit that it no longer expects to recover its dues from the beleaguered Kingfisher Airlines.

10 Feb 2015

United Bank profit at Rs 41.78 cr in Q3

State-owned United Bank of India today posted net profit of Rs 41.78 crore for its third quarter ended December 31 despite increase in bad loans.

31 Dec 2014

Govt splits Chairman & MD post, names chiefs for 4 PSU banks

In a departure from the past, the government on Wednesday split the post of Chairman and Managing Director for PSU banks and named MD-and-CEOs of four banks including United Bank and Oriental Bank of Commerce.

01 Sep 2014

United Bank declares Kingfisher, Vijay Mallya wilful defaulters

State owned United Bank of India on Monday became the first lender to declare debt ridden Kingfisher Airlines, its promoter Vijay Mallya and other directors wilful defaulters as the company allegedly indulged in diversion of funds by opening multiple accounts.

01 Sep 2014

United Bank of India declares Kingfisher Airlines as 'wilful defaulter'.

United Bank of India on Monday declared Kingfisher Airlines and its promoter Vijay Mallya as 'wilful defaulter'.

28 Jul 2014

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.

18 Jul 2014

United Bank to 'name and shame' wilful defaulters: Narang

State-owned United Bank of India will soon embark upon process to 'name and shame' its wilful defaulters as part of its effort to recover dues.

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