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News on United Bank of India
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Tweaking wilful defaulter definition to cover directors:RBI

3.54 pm | 30 Sep 2014 |  Source: PTI

According to the current definition, a wilful defaulter is somebody who has essentially not used the fund for the purpose it has been borrowed or when...

Kingfisher secures stay against UBI's wilful defaulter tag

5.37 pm | 27 Sep 2014 |  Source: Moneycontrol.com

KFA and its erstwhile directors had filed a writ in Calcutta HC against UBI and others, challenging the constitutional validity of the RBI master circ...

Vijay Mallya shouldn't continue on USL board: IiAS

6.05 pm | 19 Sep 2014 |  Source: PTI

Kingfisher Airlines and directors declared as wilful defaulters would not be able to borrow from banks in the future. They would also lose director-le...

Sebi working on guidelines to check wilful defaulters:Sinha

4.15 pm | 17 Sep 2014 |  Source: PTI

Earlier this month, United Bank of India had declared Kingfisher Airlines, its promoter Vijay Mallya and three other directors as wilful defaulter cit...

LIC investment in equity mkt to cross Rs 55,000 cr

1.46 pm | 14 Sep 2014 |  Source: PTI

LIC investment in the bond market may touch Rs 2.5 lakh crore in the fiscal ending March 2015. ...

Guarantors of defaulters at risk; SBI to target UB Holdings 

11.10 am | 11 Sep 2014 |  Source: CNBC-TV18

The Gujarat High Court on Wednesday had partially struck down the earlier RBI circular on wilful defaulters calling the restrictions imposed on direct...

Guj HC partially strikes down RBI wilful defaulter circular 

6.04 pm | 10 Sep 2014 |  Source: Moneycontrol.com

RBI's master circular on wilful default list siphoning of funds, misrepresentation/falsification of records and fraudulent entry of transactions and r...

Need to sort legal issues before targeting UBHL: United Bk 

12.04 pm | 10 Sep 2014 |  Source: CNBC-TV18

RBI has issued clarification on 'wilful defaulter' tag wherein it allowed banks to include key executives in the management as defaulters too. The cen...

Wilful defaulter tag a powerful weapon for creditors: Rajan

4.05 pm | 06 Sep 2014 |  Source: PTI

"The wilful defaulter tag is a powerful weapon in the hands of creditors for resolving distressed assets. It shuts out access to credit within the Ind...

UBI claims baseless; denied chance to present case: Mallya 

2.02 pm | 04 Sep 2014 |  Source: CNBC-TV18

UBI recently declared the grounded airline and Mallya as wilful defaulters for non-payment of dues worth Rs 400 crore. ...

Mallya has lot to explain at Mangalore Chem, UBL AGM 

8.35 pm | 03 Sep 2014 |  Source: CNBC-TV18

The annual general meeting of both these companies is slated Thursday...

Banks pile pressure on Mallya over airline loans

11.12 am | 03 Sep 2014 |  Source: Reuters

The airline founded by Mallya failed to make a profit during the eight years from launch to the grounding of its fleet in October 2012 and has been un...

Kingfisher to challenge United Bank's decision

4.16 pm | 02 Sep 2014 |  Source: PTI

In a statement, the Vijay Mallya-owned company said, "KFA and its directors will vigorously challenge the decision of UBI"....

Wilful defaulter: Is this end of the road for Vijay Mallya?

2.21 pm | 02 Sep 2014 |  Source: Moneycontrol.com

Under law, willful defaulters cannot have access to any further bank funding and neither can companies where they serve as directors....

Stocks in news: Tata Motors, TVS Motor, Cipla, REC, PFC

8.29 am | 02 Sep 2014 |  Source: Moneycontrol.com

Tata Motors | Hero Motocorp | TVS Motor Company | Escorts | Cipla | Kingfisher Airlines | United Bank of India | Rural Electrification Corporation | D...

KFA case: Decoding implications of 'wilful defaulter' tag 

4.18 pm | 01 Sep 2014 |  Source: CNBC-TV18

United Bank has declared Kingfisher Airlines and its promoter Vijay Mallya as ‘wilful defaulter’. The bank is in the process of sending formal not...

United Bank declares Vijay Mallya as wilful defaulter 

2.20 pm | 01 Sep 2014 |  Source: PTI

The Kolkata-based bank is the first PSU lender to initiate the process of declaring Vijay Mallya and three other directors of the grounded Kingfisher ...

Bank fights Mallya MCF bid: Will KFA claim another UB firm?

9.39 am | 22 Aug 2014 |  Source: Moneycontrol.com

According to a report in the Business Standard that quoted persons privy to the development, United Bank of India has asked the regulator to reconside...

Union Bank Q1 net profit rises 47.3% to Rs 65.89 cr

7.53 pm | 14 Aug 2014 |  Source: PTI

The aim of the bank now is to stabilise the recovery front after it suffered losses in the third quarter of last fiscal due to bad loans, said UBI Exe...

United Bank standalone Mar '14 NII at Rs 2,762.04 crore

12.01 pm | 07 May 2014 |  Source: Moneycontrol.com

Standalone Net Interest Income (NII) for the quarter was Rs 2,762.04 crore and net profit was Rs 469.37 crore....

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