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United Bank hopes to acheive 18% credit growth rate
State-owned United Bank of India expects to achieve Reserve Bank of India's credit growth target of 18% in FY10, Chairman and Managing director Bhaskar Sen said on Thursday.
State-owned United Bank of India expects to achieve Reserve Bank of India's credit growth target of 18% in FY10, Chairman and Managing director Bhaskar Sen said on Thursday.
The bank has also asked for Rs 5.5 billion of capital from the government and expects to get it by March-end, Sen told reporters.
The United Bank of India on Thursday listed at Rs 76 on the BSE, 15.15% higher to its issue price of 66 rupees a share.
The shares touched a high of Rs 77 in early trades.
At 9:20 a.m., shares in United Bank of India were trading at Rs 70.85 in a flat Mumbai market.
