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Dec 27, 2017 10:00 AM ISTAnil Ambani has scripted a rescue operation for his telecom business. There is a huge debt resolution plan that is afoot and that will perhaps remove about Rs 39,000 crore out of Rs 45,000 crore of debt that the company now bears.
Nov 30, 2017 03:30 PM IST State Bank of India (SBI) has raised rates on deposits of about Rs 1 crore and above by 100 bps across on maturities. In an interview to CNBC-TV18, Pawan Kumar Bajaj, MD of United Bank of India shared his views and readings on the same and what his bank is planning.
Jun 14, 2017 09:12 AM IST The Reserve Bank of India (RBI) has taken a crucial step in the battle against bad loans.
Dec 26, 2016 12:19 PM IST In an interview to CNBC-TV18, Pawan Kumar Bajaj, MD of United Bank of India spoke about farm loan waiver.
Mar 26, 2015 01:32 PM IST RBI has asked banks to declare REI Agro as fraud company. Deepak Narang, ED, United bank of India spoke to CNBC TV18 what it means for the bank which has an exposure of Rs 200 crore to REI Agro.
Jan 15, 2015 11:25 AM IST United Bank had earlier reduced deposit rate to 8.5 percent for one-year tenure which is the lowest given other banks are offering it at 8.75 percent.
Dec 30, 2014 11:51 AM IST In an interview to CNBC-TV18, Deepak Narang, executive director, United Bank of India expects the airline to be declared a wilful defaulter in 15-20.
Oct 29, 2014 12:04 PM IST Discussing the latest developments, Deepak Narang, ED, United Bank of India, said the bank had given money to Airbus on behalf of Kingfisher and its unethical of them (Airbus) not to deliver post taking money.
Sep 10, 2014 12:04 PM IST RBI has issued clarification on 'wilful defaulter' tag wherein it allowed banks to include key executives in the management as defaulters too. The central bank also wants banks to name non-group entities as ‘wilful defaulters‘ if they have given guarantees and don‘t pay up when the original party defaults.
Sep 01, 2014 04:18 PM IST United Bank has declared Kingfisher Airlines and its promoter Vijay Mallya as ‘wilful defaulter‘. The bank is in the process of sending formal notices to the company and will inform RBI as well.
Apr 10, 2013 12:55 PM IST After it slapped legal notice to their defaulter, Bilcare, Deepak Narang, executive director, United Bank of India says recovery is not an issue. Narang says the bank has fixed assets as collaterals against the defaulted loans and their value is more than the outstanding loans.
Feb 20, 2013 04:38 PM IST Deepak Narang, ED, United Bank of India says that the bank has reduced corporate debt restructuring support to companies with low profitability to curtail the rise of NPLs. The bank is fully provisioned against its exposure to Kingfisher thanks to the RBI‘s permission which allowed the bank to make provisions over two quarters, he told CNBC-TV18.
Nov 23, 2012 03:50 PM IST 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.
