Tags Posts tagged with "United Bank of India"

Tag: United Bank of India

RBI places United Bank of India under corrective action plan

In a bid to ensure corrective measures, the Reserve Bank of India (RBI) has directed United Bank of India (UBI) to raise capital, diversify...

UBI, NIIT to offer course in banking and finance

Government-owned financial services company United Bank of India (UBI) and NIIT Institute of Finance Banking and Insurance Training (IFBI), a subsidiary of IT training...

Australia’s Commonwealth Bank to shut down Indian operations

Australia's largest lender Commonwealth Bank, with $695 billion in assets is the latest banking foreign bank is closing its Indian business following its larger...

United Bank of India gets Rs 608 crores from Govt

United Bank of India (UBI) has received Rs 608 crores from the central government  through preferential allotment of equity shares. The Union Ministry of Finance...

UPI to become available for public use next month

National Payments Corporation of India’s (NPCI) Unified Payments Interface (UPI) which was launched in April is all set to become functional from next month. A...

Banks continue to reel under bad loans; five banks reported loss

Major Indian banks continue to have a nightmarish experience because of escalating bad loans in the quarter ended 31 March. Five of the six banks...

State-run banks to get Rs. 5,050Cr govt support

The state-run banks are likely to get a sum of Rs.5,050Cr from the Government of India to be spent on their recapitalisation, by the...

Govt may infuse over Rs.70,000cr capital into PSBs

The Finance Ministry is considering infusing more than the announced Rs 70,000 crore in public sector banks to help strengthen their balance sheets, inform...

Finance Ministry to invest Rs5,000cr into PSBs

The Ministry of Finance will invest Rs500cr in public sector banks (PSBs) to boost their capital. However, it will depend on improvements in performance...

Jan Dhan deposits cross Rs. 25000 crore mark

Deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have exceeded Rs. 25,000 crore which has come to the banks as...

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