United Bank-of-india

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United Bank-of-india - Total results - 81
PNB gets stock exchanges' nod to trade over 266 cr shares post merger with 2 other PSBs
Business

PNB gets stock exchanges' nod to trade over 266 cr shares post merger with 2 other PSBs

State-owned Punjab National Bank (PNB) on Tuesday said it has received approval from stock exchanges for trading of over 266 crore shares post amalgamation with two other PSBs

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
Business

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry

The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday

Merger of 10 PSU banks comes into effect from today; 10 things you need to know about implications of govt's move
Business

Merger of 10 PSU banks comes into effect from today; 10 things you need to know about implications of govt's move

10 PSU banks are being amalgamated with a larger bank, referred to as the anchor bank

Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless
Business

Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless

Experts said bank merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence.

Despite coronavirus lockdown, merger of 10 PSU banks to come into effect from 1 April as planned, says RBI
Business

Despite coronavirus lockdown, merger of 10 PSU banks to come into effect from 1 April as planned, says RBI

The RBI has revealed that the scheme of merging 10 PSU banks into four bigger lenders is on schedule despite the country-wide coronavirus lockdown and will come into force from 1 April, 2020

PNB unveils new logo; lender merges United Bank of India, OBC with it, with effect from 1 April
Business

PNB unveils new logo; lender merges United Bank of India, OBC with it, with effect from 1 April

Punjab National Bank (PNB) has unveiled a new logo as it merges the United Bank of India and OBC with it, with effect from 1 April

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
Business

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline

The Union Cabinet on Wednesday had okayed the amalgamation of 10 public sector banks to create four large state-owned lenders with effect from 1 April, 2020

United Bank clocks Rs 114 cr profit in Q3 as bad loan provisioning dwindles; net interest income higher at Rs 819.43 cr
Business

United Bank clocks Rs 114 cr profit in Q3 as bad loan provisioning dwindles; net interest income higher at Rs 819.43 cr

Total income in the quarter under review increased to Rs 2,971.38 crore from Rs 2,846.23 crore in the same period of 2018-19, United Bank of India said in a regulatory filing.

PSU bank consolidation: PNB, Union Bank get in-principle nod from govt for proposed merger
Business

PSU bank consolidation: PNB, Union Bank get in-principle nod from govt for proposed merger

Punjab National Bank and Union Bank of India on Monday said they have received in-principal approval from the government for their amalgamation with other public sector banks

PNB, UBI, OBC merger: Outside expert may be roped in to decide logo of new merged entity
Business

PNB, UBI, OBC merger: Outside expert may be roped in to decide logo of new merged entity

The proposed merger, expected to be effective from 1 April next year, will lead to the creation of the country's second-largest lender after State Bank of India, with a total business volume of about Rs 18 lakh crore

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
Business

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April

The complete harmonisation among the three entities would take another 12 to 14 months after the merger

RBI places Lakshmi Vilas Bank under prompt corrective action; directors probed for alleged fraud
Business

RBI places Lakshmi Vilas Bank under prompt corrective action; directors probed for alleged fraud

The Lakshmi Vilas Bank on Saturday received shareholders' approval to raise up to Rs 1,000 crore by issuance of securities

PNB board approves amalgamation with OBC, United Bank; clears capital infusion of up to Rs 18,000 cr by govt
Business

PNB board approves amalgamation with OBC, United Bank; clears capital infusion of up to Rs 18,000 cr by govt

The board of Punjab National Bank (PNB) has given in-principle approval for amalgamation of Oriental Bank of Commerce and United Bank of India with PNB

PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September
Business

PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September

Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar
Business

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders

United Bank of India, Allahabad Bank to offer repo-linked rates; will pass on benefit of RBI's rate cut to customers
Business

United Bank of India, Allahabad Bank to offer repo-linked rates; will pass on benefit of RBI's rate cut to customers

Two city-based banks, United Bank of India (UBI) and Allahabad Bank, have decided to offer select loan products linked to repo rates to pass on the benefit of the RBI's rate cut to their customers, bank officials said on Friday

UBI counts on one-time settlement scheme for Rs 4,000-cr NPA recovery in FY20; may raise fund up to Rs 1,500 cr
Business

UBI counts on one-time settlement scheme for Rs 4,000-cr NPA recovery in FY20; may raise fund up to Rs 1,500 cr

UBI had posted an overall net loss of Rs 2,316 crore in the last fiscal, owing to a rise in stressed assets and muted loan book growth.

More than Rs 1,00,000 cr is waiting to enter Narendra Modi govt’s wallet if it bites PSB privatisation bullet; timing is never better
Business

More than Rs 1,00,000 cr is waiting to enter Narendra Modi govt’s wallet if it bites PSB privatisation bullet; timing is never better

Privatisation of government banks doesn’t mean the government will have to give away control over these institutions for the roll-out of social sector programmes

Expect to come out of PCA framework in second quarter current financial year: United Bank of India MD
Business

Expect to come out of PCA framework in second quarter current financial year: United Bank of India MD

Pradhan said UBI is not growing due to lack of capital. Last year the bank got Rs 5000 crore which will help us to meet the regulatory requirements, Pradhan said