United Bank

RBI imposes Rs 11 crore fine on 4 banks for non-compliance in Swift operations

Post the PNB fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kind of their transactions.

Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banks

The finance ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans

RBI governor Shaktikanta Das meets private sector bankers; discusses liquidity issues

At the past two meetings held between RBI and state- run banks, Das had deliberated on the prompt correction action framework.

United Bank of India posts net profit of Rs 73.56 crore in Q4

Net NPA ratio stood at 10.02 percent as against 9.04 percent for the year-ago period.

Defiant defaulter: Vijay Mallya says only regret is Kingfisher not flying when oil is cheap

Vijay Mallya, widely known as the 'King of Good Times' in his heyday, quit recently as chairman of United Spirits

Kudos to SBI for seeking Vijay Mallya’s arrest; it should send a message to other defaulters

The Rs 7,000 cr riddle: What is the invisible force that protects Vijay Mallya and Kingfisher?

Nailing Mallya is even more critical for banks now for two reasons. This can reinstate the confidence in the banking system itself and send a message to other wilful defaulters

United Bank says no hope of getting anything from Mallya; banks recover just Rs 1,000 cr

United Bank swings into profit in Q3, but bad loan concerns persist

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

After RBI, banks start passing on benefit to consumers

Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 percent, while other banks including market leader SBI have indicated that they would follow suit.