The board of United Bank of India on Thursday gave approval to raise Rs 300 crore through a rights issue. It will allot Rs 10 shares each at a premium to be decided subsequently on rights basis to the existing shareholders of the bank as on the record date to be fixed subsequently.
Bhaskar Sen, the chairman and managing director of United Bank of India talks about his banks first quarter results on CNBC-TV18. He also elaborates on the banks future plans and where he sees it headed in the coming year.