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United Bank of India News
United Bank of India
PNB 2.0: Big amalgamation! How Oriental Bank of Commerce and United Bank of India customers will benefit
Wed, Apr 01, 2020
Here is how the amalgamation is a big win-win for Oriental Bank of Commerce and United Bank of India customers:-
United Bank of India partners Srei Equipment Finance to offer loans under a co-lending program
Thu, Oct 31, 2019
The United Bank of India and SREI are the first in the industry to enter into an arrangement for co-lending under the Co-origination Model between Banks and NBFCs.
Bank strike in India: Alert! 4 lakh employees to go on two-day nationwide strike from this date
Sun, Sep 22, 2019
About four lakh bank employees will go on tow-day strike across the country on September 26 and 27 to protest against the government's decision of public sector banks' merger.
United Bank of India slashes MCLR by 0.05% from April 18
Wed, Apr 17, 2019
United Bank of India has reduced its marginal cost of funds-based lending rate (MCLR) by 5 basis points across tenures, effective Thursday or April 18, 2019.
Bank of Baroda vs IDBI vs United Bank RuPay Debit Card cash withdrawal limit, offers, charges, other benefits explained
Fri, Mar 01, 2019
The RuPay debit card comes with a host of features and benefits.
UBI, Srei Equipment Finance enter pact for MSME sector finance
Sat, Jan 05, 2019
Under the pact, UBI would leverage its low-cost loans with Srei to enable purchase of equipment and vehicles in a seamless manner, a statement by the state-run lender said.
This bank just jumped over 11% on Centre's action; do you have money invested in it? You just gained a hefty sum
Fri, Dec 28, 2018
Such a blockbuster performance in United Bank shares comes courtesy government announcing a massive infusion of Rs 2159 crore.
Bank strike in January, 2019: Unions call for 2-day protest; your work may be affected
Fri, Dec 28, 2018
Bank strike: In a notification to exchanges, United Bank said a strike has been "called by All India Bank Employees' Association (AlBEA) & Bank Employees Federation of India (BEFI) on 8th January, 2019 and 9th January, 2019 on various issues connected to the banking industry."
RBI vs Centre row: Big relief likely for this crisis hit sector
Thu, Nov 15, 2018
Reserve Bank of India (RBI) and the central government are expected to reach a consensus on easing credit availability to micro, small and medium enterprises (MSMEs).
United Bank of India share sale virtually gets snubbed by employees
Thu, Aug 23, 2018
In a first for public sector banks, in December 2017, Boards of United Bank and Allahabad Bank had approved allotment of shares up to 50 million to their employees – from chief executives to peons. The decision was opposed by a section of officers' and workers' unions, as they argued it will lead to dilution of government stake in the two PSBs.
Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17
Mon, Jan 16, 2017
Credit growth of United Bank of India (UBI) at the end of financial year 2016-17 (FY17) will be as low as 7-8% due to demonetisation impact, its MD and CEO P Bajaj said.
United Bank of India trims MCLR rate by 90 basis points; shares gain
Thu, Jan 05, 2017
Not only banks but NBFCs have been in a rate cut war. Both banks and NBFC have reduced MCLR in the range of 40 basis points - 90 basis points within just 4 days of January 2017.
CBI registers corruption case against ex-CMD of UBI Archana Bhargava
Thu, Sep 15, 2016
The Central Bureau of Investigation (CBI) on Thursday registered a case of alleged corruption against the then chairman and managing director of United Bank of India (UBI) Archana Bhargava, two companies and two unknown people.
Banks' earnings to be weak for atleast 12-18 months
Sun, Aug 14, 2016
For the short-medium term, the capital ratios are likely to remain under pressure and banks will be under stress to raise additional funds.