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BRIEF-United Bank of India approves raising of basel-III compliant tier 2 and additional tier 1 bonds
September 6, 2017 / 7:49 AM / 19 days ago

BRIEF-United Bank of India approves raising of basel-III compliant tier 2 and additional tier 1 bonds

Sept 6 (Reuters) - United Bank Of India

* Approved raising of basel-III compliant tier 2 and additional tier 1 bonds up to INR 10 billion and INR 8 billion respectively

* Says board approved raising of equity capital worth upto INR 10 billion by QIP

* Approved raising of capital up to an amount not exceeding INR 20 billion via preferential allotment of shares Source text - bit.ly/2wGlqs1 Further company coverage:

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