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United Bank of India To Go For Rights Issue Of INR300 Crore By End Of Fiscal Year-Business Standard


Monday, 26 Nov 2012 06:59am EST 

Business Standard reported that United Bank of India is planning to go for a rights issue of about INR300 crore (INR3 billion) by the end of this financial year. The bank got the board approval for the rights issue on November 21, and would soon approach the Reserve Bank of India and Union government for the same.