Archana Bhargava

Unsavory details are coming out about the chequered career of the former United Bank of India boss Archana Bhargava, who won admirers for her go-getting ways as much as she came in for criticism for pushing the line of acceptable.

United Bank of India soars 14% as govt to pump in Rs 800 cr

The board members of the bank on February 22 has approved to allot by conversion of up to 80000 perpetual non-cumulative preference shares (PNCPS) of Rs 1,00,000 each into such number of equity shares of Rs 10 each to Government of India in one or more tranches.

United Bank of India hits record low as CMD quits

The PSU informed that Finance Ministry has accepted application for voluntary retirement of Archana Bhargava, Chairperson & Managing Director.

NPA-laden United Bank‘s CMD Archana Bhargava opts for VRS

Bhargava reportedly had a stormy stint at the bank after she brought up several issues of accounting malpractices before the central bank and was said to have had a run-in with other top employees at the state-run lender.

Worst is over, hope to break even by Q4: United Bank

According to Archana Bhargava, the bank suffered loss for the quarter ended September due to corrective action taken in order to bring down the NPAs from past years. But now most of the NPAs have now been removed and the bank is hopeful of recoveries to the tune of Rs 600 crore in the coming quarters.

Expect higher restructuring in next quarter: United Bank

United Bank of India reported net profit of Rs 44.7 crore in Q1FY14 against Rs 174 crore year on year. The bank would focus more on recoveries going ahead and has restructured accounts worth Rs 4,718 crore, says CMD Archana Bhargava.

United Bank of India plans to raise Rs 1,000 cr via QIP

UBI Chairman and Managing Director Archana Bhargava said they would seek government's permission for a rights issue but would go ahead with QIP.