United Bank News

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.  

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

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.

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.

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.

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.

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.

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

State-owned United Bank of India Monday said it has raised Rs 300 crore by selling shares on preferential basis to LIC.

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.