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271 Results Found
  • RBI excludes 6 PSBs from Second Schedule of RBI Act Sep 30, 2020 09:22 PM IST

    RBI excludes 6 PSBs from Second Schedule of RBI Act

    A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as 'Scheduled Commercial Bank'. These six banks merged with other public sector banks (PSBs) with effect from April 1.

  • Moody’s cuts long-term deposit ratings of 4 PSBs: What does it mean for the banks? Sep 04, 2020 06:45 PM IST

    Moody’s cuts long-term deposit ratings of 4 PSBs: What does it mean for the banks?

    Moody’s downgraded long-term local and foreign currency deposit ratings of BoB, BoI, Canara Bank and UBI to Ba1 from Baa3 and their baseline credit assessments to b1 from ba3

  • PNB gets stock exchanges' nod to trade over 266 crore shares post merger with 2 other PSBs Apr 14, 2020 05:00 PM IST

    PNB gets stock exchanges' nod to trade over 266 crore shares post merger with 2 other PSBs

    With the amalgamation coming to effect from the beginning of the current fiscal on April 1, 2020, PNB has now become the second largest bank in India.

  • Punjab National Bank announces share exchange ratio for merger with Oriental Bank, United Bank Mar 05, 2020 05:44 PM IST

    Punjab National Bank announces share exchange ratio for merger with Oriental Bank, United Bank

    The bank also said the board has fixed March 25 as the date for issuing and allotting its equity shares to the shareholders of the two other banks.

  • New name, logo of merged entity of UBI, PNB, OBC to be unveiled soon: Official Feb 07, 2020 09:29 PM IST

    New name, logo of merged entity of UBI, PNB, OBC to be unveiled soon: Official

    The new entity will be the second-largest bank in the country after State Bank of India (SBI) with a total business volume of Rs 18 lakh crore, he said.

  • United Bank Standalone December 2019 Net Interest Income (NII) at Rs 819.43 crore, up  115.62% Y-o-Y Feb 07, 2020 11:40 AM IST

    United Bank Standalone December 2019 Net Interest Income (NII) at Rs 819.43 crore, up 115.62% Y-o-Y

  • United Bank clocks Rs 114cr profit in Q3 as bad loan provisioning dwindles Feb 06, 2020 07:30 PM IST

    United Bank clocks Rs 114cr profit in Q3 as bad loan provisioning dwindles

    Net interest margin increased to 2.98 per cent during the quarter, the bank said, adding it showed an improvement of 98 basis points over 2 per cent in the third quarter of 2018-19.

  • United Bank of India to allot shares to govt for Rs 1,666 cr infusion Nov 01, 2019 02:32 PM IST

    United Bank of India to allot shares to govt for Rs 1,666 cr infusion

    The lender will issue 1,64,13,79,310 shares to the government at a price of Rs 10.15 per share against capital infusion of Rs 1,666 crore, the bank said in a regulatory filing.

  • United Bank of India Q2 net profit of Rs 124 cr as bad loans fall substantially Oct 30, 2019 04:25 PM IST

    United Bank of India Q2 net profit of Rs 124 cr as bad loans fall substantially

    The lender's total income rose to Rs 3,013.74 crore in the September 2019 quarter, compared with Rs 2,600.47 crore earned in the corresponding period of the previous financial year, the bank said in a regulatory filing on Wednesday.

  • United Bank locked at 20% upper circuit after robust Q2 show Oct 30, 2019 03:26 PM IST

    United Bank locked at 20% upper circuit after robust Q2 show

    Pre-provision operating profit jumped quite sharply by 190 percent to Rs 598.57 crore YoY in Q2FY20.

  • United Bank posts Rs 124 cr profit in Q2 on lower provisions, improved asset quality Oct 30, 2019 03:22 PM IST

    United Bank posts Rs 124 cr profit in Q2 on lower provisions, improved asset quality

    Provisions and contingencies fell sharply to Rs 436.4 crore in the September quarter against Rs 571.6 crore in the June quarter and Rs 1,481 crore in Q2FY19.

  • September Qtr earnings: 10 stocks which are likely to report losses in Q2FY20 Oct 15, 2019 10:00 AM IST

    September Qtr earnings: 10 stocks which are likely to report losses in Q2FY20

    Pharma, Agri inputs, FMCG including, Food & beverages, IT, Paper & packaging are some of the sectors which are expected to do better comparatively

  • 34 functional teams to smoothen merger of UBI, PNB, OBC Oct 02, 2019 12:29 PM IST

    34 functional teams to smoothen merger of UBI, PNB, OBC

    The merger is scheduled to come into force from April 1 next year.

  • Govt appoints Mallikarjuna Rao as MD and CEO of PNB Oct 01, 2019 09:50 PM IST

    Govt appoints Mallikarjuna Rao as MD and CEO of PNB

    Rao, 57, currently the Managing Director and Chief Executive Officer of Allahabad Bank, has been appointed to the new post up to September 18, 2021.

  • RBI slaps fines on 11 banks for delay in reporting fraud Aug 05, 2019 09:55 PM IST

    RBI slaps fines on 11 banks for delay in reporting fraud

    PNB and Oriental Bank of Commerce, in an exchange filing on August 3, said that the penalty was relating to the account of Kingfisher Airlines.

  • United Bank of India posts Rs 105 cr profit in Q1 as NPAs decline Jul 30, 2019 05:45 PM IST

    United Bank of India posts Rs 105 cr profit in Q1 as NPAs decline

    Total income in the first quarter rose to Rs 3,003.13 crore from Rs 2,549.71 crore in the year-ago quarter, United Bank of India said in a regulatory filing.

  • United Bank Standalone June 2019 Net Interest Income (NII) at Rs 727.47 crore, up  33.41% Y-o-Y Jul 30, 2019 03:01 PM IST

    United Bank Standalone June 2019 Net Interest Income (NII) at Rs 727.47 crore, up 33.41% Y-o-Y

  • United Bank Standalone March 2019 Net Interest Income (NII) at Rs 606.67 crore, up  18.14% Y-o-Y May 14, 2019 10:48 AM IST

    United Bank Standalone March 2019 Net Interest Income (NII) at Rs 606.67 crore, up 18.14% Y-o-Y

  • United Bank of India back in black after 7 quarters of losses May 13, 2019 07:29 PM IST

    United Bank of India back in black after 7 quarters of losses

    The total business of the bank crossed Rs 2 lakh crore at the end of March 2019.

  • RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift operations Mar 04, 2019 07:59 PM IST

    RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift operations

    Karur Vysya said that the RBI has imposed a monetary penalty of Rs 1 crore on the bank for non-compliance with the directions issued on Swift operations.

  • NPA levels should be below 9% by March quarter: United Bank of India Chairman Feb 06, 2019 03:59 PM IST

    NPA levels should be below 9% by March quarter: United Bank of India Chairman

    In terms of slippages numbers, he added that it was around 4.46 percent.

  • United Bank Standalone December 2018 Net Interest Income (NII) at Rs 380.04 crore, up  9.23% Y-o-Y Feb 06, 2019 10:56 AM IST

    United Bank Standalone December 2018 Net Interest Income (NII) at Rs 380.04 crore, up 9.23% Y-o-Y

  • United Bank of India Q3 loss widens to Rs 1,139 cr Feb 05, 2019 09:04 PM IST

    United Bank of India Q3 loss widens to Rs 1,139 cr

    The Kolkata-based lender had posted a loss of Rs 637.53 crore in the corresponding quarter a year ago.

  • UBI, Srei Equipment Finance enter pact for MSME sector finance Jan 05, 2019 04:53 PM IST

    UBI, Srei Equipment Finance enter pact for MSME sector finance

    United Bank CEO Ashok Kumar Pradhan hailed the agreement as a 'saviour' for the MSME units 'starved' of low-cost funds to compete globally and upscale themselves.

  • Govt infuses Rs 2159 cr in United Bank of India Dec 27, 2018 10:15 PM IST

    Govt infuses Rs 2159 cr in United Bank of India

    The government had earlier announced an infusion of Rs 65,000 crore in PSBs in 2018-19, of which Rs 23,000 crore has already been disbursed, while Rs 42,000 crore is remaining.

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