United Bank

PNB expects about 75 percent of the fresh slippages to come from the SME (small and medium enterprises) and retail portfolios in Q4. The scenario on loan growth and future asset quality depends on how long the COVID-19 impact will be felt on the economy

New business verticals, foreign transfers in store for merging bank employees: PNB

PNB has identified 23 internal working groups and will soon float Request for Proposals (RFPs) to appoint a consultant for restructuring products and services that are best-suited for the customers of the merged entity.

Punjab National Bank to merge with OBC, United Bank to form India's 2nd largest PSB

The consolidated bank will have the second largest branch network in India hereafter, with 11,437 branches.

SBI, IFCI, United Bank scout for buyers to clear off Rs 16,349 crore dud accounts

SBI plans to sell a total of 15 such NPA accounts to recover Rs 988.95 crore, including the country's largest sweetener manufacturer Simbhaoli Sugars that has an outstanding of Rs 158.57 crore to the bank.

Yash Papers up 11%, board approves CDR exit

The company is going to pay recompense amount to consortium banks led by United Bank to exit CDR.

United Bank standalone Dec '15 NII at Rs 608.09 crore

Standalone Net Interest Income (NII) for the quarter was Rs 608.09 crore and net profit was Rs 17.00 crore.

United Bank standalone Sep '15 NII at Rs 638.72 crore

Standalone Net Interest Income (NII) for the quarter was Rs 638.72 crore and net profit was Rs 61.86 crore.

United Bank of India raises Rs 150 cr via bonds issue

The issue, which opened on September 28, received an overwhelming response from investors and was oversubscribed in a single day.

Sensex, Nifty strong; United Bank up 10%, Polaris down 17%

United Bank of India gained 10 percent as media report suggested that financial services secretary says the bank is likely candidate for merger this fiscal.

Stocks in news: Tata Steel, SKS, United Bank, Ranbaxy, STC

Tata Steel | Schneider Electric | United Breweries Holdings | KEC International | Orchid Chemical | Mangalore Chemical | JB Chemicals | Gujarat Gas | JK Tyre | Shriram EPC | STC | Fortis Healthcare | HPCL | United Bank of India | Aptech | SKS Microfinance | Ranbaxy Labs | OnMobile Global and Coal India are stocks, which are in the news today.

BSE Sensex, Nifty end flat; Bharti, TCS, HUL laggards

Even as economic growth is expected to rebound, banks in India are likely to remain “subdued” on the growth, profitability and asset quality fronts, a report by ratings major Standard & Poor‘s has said.

United Bank standalone Dec '13 NII at Rs 2,765.53 crore

Standalone Net Interest Income (NII) for the quarter was Rs 2,765.53 crore and net loss was Rs 1,238.08 crore.

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.

United Bank standalone Jun '13 NII at Rs 2,463.74 crore

Standalone Net Interest Income (NII) for the quarter was Rs 2,463.74 crore and net profit was Rs 44.73 crore.

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.

Stocks in news: ONGC, DLF, M&M, Wockhardt, United Bank

ONGC | DLF | Insecticides India | Hathway Cable | Inox Leisure | Jindal Stainless | United Bank | Jaiprakash Power | Denso India | Wockhardt | GE Shipping | Tata Steel | Hindalco and Mahindra & Mahindra are stocks, which are in the news today.

Stocks in news: NTPC, HMT, Coal India, Tata Motors

Stocks in news: NTPC | HMT | Coal India | Indian Hotels | Rolta | Cipla | Gammon Infra | Fortis Healthcare | Tata Motors | Kotak Mahindra Bank | HT Media | REIL Electricals | Astral Poly Technik | Bosch | RIL | ONGC and United Bank are stocks, which are in news today.

Private banks to post 23% PAT growth in Q4FY13: Angel

Angel Broking has come with its March`13 quarterly earning estimates for banking sector. The research firm expects private banks to report healthy earnings growth of 23.0 percent yoy, however, the PSU banks with expected earnings decline of 13.1 percent yoy, would drag the overall earnings performance (de-growth of 3.2 percent yoy).

Banking: Economic environment remains challenging

Angel Broking has come out with its result review on banking sector for 3QFY2013. PSU banks would stand to gain the most from an eventual turn-around include SBI & PNB among the large-caps and United Bank, Corporation Bank and Indian Bank among the mid-caps, says the research firm.

Market breadth respectable despite lackluster session

It was a lackluster session for market today We started with a 0.5 percent gap up. It looked for a bit that the Nifty was on its way back to 6000 but the weakness came back in the afternoon.