United Bank Of India
Business  /  Published 29.06.20

PNB to sell real estate

PNB has no plans to sell its non-core assets, including subsidiaries, in the current financial year, managing director of the bank S. S. Mallikarjuna Rao said. However, the bank intends to sell some ...
By PTI in New Delhi

Business  /  Published 30.07.19

UBI back in black

An improvement in asset quality coupled with rising income and lower provisions has helped United Bank of India to post a net profit of Rs 105 crore for the first quarter of 2019-20 against a loss of ...
By A Staff Reporter in Calcutta

Business  /  Published 01.09.19

Bad loan cloud over bank mergers

The success of the mega bank mergers announced last week would depend on how the lenders manage their bad loans, analysts said.On Friday, Union finance minister Nirmala Sitharaman had announced the am...
By Our Special Correspondent in Mumbai

Business  /  Published 31.08.19

PNB board gears up for merger

Punjab National Bank on Saturday said its board will meet on September 5 to consider the merger of Oriental Bank of Commerce and United Bank of India with itself.In a regulatory filing, the bank said ...
By Our Special Correspondent in New Delhi

Business  /  Published 30.08.19

10 PSU lenders combine to form 4 giant entities

The government on Friday announced four separate mergers of public sector banks in which 10 lenders will combine to form a quartet of new entities, with the aim to create world-class banks with strong...
By R. Suryamurthy in New Delhi


Business  /  Published 09.02.19

Bad loans dog bank duo

Two city-based public sector banks — United Bank of India and Uco Bank — saw a rise in non-performing assets for the quarter ended December 31, 2018. Faced with fresh slippages and rise in bad loa...
By A Staff Reporter in Calcutta

Business  /  Published 14.05.19

UBI, Uco look to avoid leash

The NCLT process in certain cases is taking longer for the bank to recover its stressed assets. It is relying on alternatives such as one time settlement schemes to expedite recovery efforts in NPA.Uc...
By A Staff Reporter in Calcutta

Business  /  Published 22.02.20

Close watch on 4 banks: RBI governor Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das has said four banks under the Prompt Corrective Action (PCA) framework are taking efforts and they are being monitored.At present, Indian Overseas Bank ,...
By Reuters in New Delhi

West Bengal  /  Published 06.09.19

Mamata concern letter to Modi on bank merger

Chief minister Mamata Banerjee on Friday wrote to Prime Minister Narendra Modi protesting the Centre’s decision to merge two Calcutta-headquartered public sector banks with banks headquartered in De...
By Our Special Correspondent in Calcutta

Business  /  Published 31.08.19

PSB merger: Credit flow in question

The mega merger of public sector banks that includes two based out of the city has put a question mark on the credit flow to priority sectors such as agriculture, MSME, export credit, housing and soci...
By Pinak Ghosh in Calcutta


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