United States

United Bank of India (UBOI.NS)

UBOI.NS on National Stock Exchange of India

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

United Bank of India to consider proposal for equity allotment to central govt
Friday, 17 Mar 2017 04:05am EDT 

United Bank Of India : Got notice from central government on March 16 regarding capital allocation of INR 4.18 billion as part of turnaround linked capital infusion plan .Proposal for equity allotment to central government will be considered by board in March 27 meeting.  Full Article

United Bank of India Dec-qtr profit surges
Tuesday, 7 Feb 2017 04:18am EST 

United Bank of India : Dec quarter net profit 641 million rupees versus net profit of 170 million rupees year ago . Dec quarter interest earned 22.72 billion rupees versus 24.71 billion rupees year ago . Dec quarter gross NPA 15.98 percent versus 16.26 percent previous quarter . Dec quarter net NPA 10.62 percent versus 11.19 percent previous quarter .Dec quarter provisions 13.81 billion rupees versus 2.23 billion rupees year ago.  Full Article

United Bank of India appoints Pawan Bajaj as MD, CEO
Wednesday, 10 Aug 2016 05:54am EDT 

United Bank of India : Appointed Pawan Kumar Bajaj as the managing director & CEO of the bank .  Full Article

United Bank Of India June-qtr profit falls around 27 pct
Tuesday, 9 Aug 2016 06:45am EDT 

United Bank of India : June-quarter net profit 383.2 million rupees ;interest earned INR 24.29 billion; provisions INR 3.78 billion . June-quarter gross NPA 14.29 percent versus 13.26 percent previous quarter; net NPA 9.85 percent versus 9.04 percent last quarter .  Full Article

United Bank Of India posts March-qtr loss
Tuesday, 17 May 2016 07:45am EDT 

United Bank of India : March-quarter net loss 4.13 billion rupees; interest earned 23.79 billion rupees . March-quarter provisions 11.73 billion rupees; gross NPA 13.26 percent versus 9.57 percent previous quarter .  Full Article

United Bank of India - CBI arrests 2 more in bank FD fraud case - TIMIND
Saturday, 19 Mar 2016 08:00am EDT 

United Bank of India:The CBI arrested two businessmen from Gujarat in the Rs 6.15 crore fixed deposit (FD) siphoning fraud from United Bank of India's Khammam branch. - TIMIND.The accused are Ghanshyam C Joshi and Hardik Praveen Bhai Joshi, both businessmen from Rajkot.As per the directions of the high court, CBI registered a case against United Bank of India's Khammam branch manager K Srikanth and others for the FD amount misappropriation. Official liquidator of high court was the complainant in the case.During the probe, CBI found out that Srikanth allowed the co-accused, M Srinivas Rao, to open a fake bank account in the name of TNREDCL (Telangana New and Renewable Energy Development Corporation Limited - a state government corporation).Then from that account, Rs 6.15 crore of the Rs 8.89 crore deposit made by the official liquidator has been fraudulently transferred to various bank accounts in Mumbai, Hyderabad, Chennai and Rajkot.Ghanshyam C Joshi and Hardik Praveen Bhai Joshi, who received the transferred funds into their bank accounts, withdrew Rs 5.3 crore and delivered the amount to the main conspirators based at Hyderabad including Mani Damodar, who has been already arrested by the CBI.  Full Article

United Bank of India enters into strategic alliance with Kotak Securities
Wednesday, 14 Oct 2015 11:03pm EDT 

United Bank of India:Says that it has entered into strategic alliance with Kotak Securities.Both companies launches their co-branded share trading product, specially customized for the UBI account holders.  Full Article

United Bank of India announces Issue & Allotment of Additional Tier - 1 Bonds
Wednesday, 30 Sep 2015 03:19am EDT 

United Bank of India:Has issued and allotted through private placement, rated, unsecured, non-convertible, perpetual, listed BASEL-III compliant 11.95 pct Additional Tier-1 Bonds of Face Value of 10.00 Indian Rupees lac per Bond aggregating 150 cr Indian Rupees.Says the issue opened and closed on Sep. 23 & Sep. 28, respectively and the deemed date of allotment was on Sep. 29.  Full Article

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BRIEF-United Bank of India approves QIP issue price of 23.22 rupees per share

* Says approved QIP issue price of INR 23.22 per share Source text: http://bit.ly/2nYzb0e Further company coverage: