Moneycontrol PRO
business
Jump to
13 Results Found
  • Reliance Communications debt resolution plan: Here's what experts have to say Dec 27, 2017 10:00 AM IST

    Reliance Communications debt resolution plan: Here's what experts have to say

    Anil 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.

  • Not looking to increase deposit rates at present: United Bank of India Nov 30, 2017 03:30 PM IST

    Not looking to increase deposit rates at present: United Bank of India

    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.

  • Bad loan battle: Here's what experts have to say Jun 14, 2017 09:12 AM IST

    Bad loan battle: Here's what experts have to say

    The Reserve Bank of India (RBI) has taken a crucial step in the battle against bad loans.

  • Cost of funds to swell if farm loan waiver announced:United Bank Dec 26, 2016 12:19 PM IST

    Cost of funds to swell if farm loan waiver announced:United Bank

    In an interview to CNBC-TV18, Pawan Kumar Bajaj, MD of United Bank of India spoke about farm loan waiver.

  • REI Agro is NPA since Mar '14, bullish on MSME segment: UBI Mar 26, 2015 01:32 PM IST

    REI Agro is NPA since Mar '14, bullish on MSME segment: UBI

    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.

  • UBI cuts base rate by 25 bps, says move will push credit Jan 15, 2015 11:25 AM IST

    UBI cuts base rate by 25 bps, says move will push credit

    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.

  • KFA's defaulter case dismissed on technical grounds: UBI Dec 30, 2014 11:51 AM IST

    KFA's defaulter case dismissed on technical grounds: UBI

    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.

  • Examining legal implications involved in Airbus issue: UBI Oct 29, 2014 12:04 PM IST

    Examining legal implications involved in Airbus issue: UBI

    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.

  • Need to sort legal issues before targeting UBHL: United Bk Sep 10, 2014 12:04 PM IST

    Need to sort legal issues before targeting UBHL: United Bk

    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.

  • KFA case: Decoding implications of 'wilful defaulter' tag Sep 01, 2014 04:18 PM IST

    KFA case: Decoding implications of 'wilful defaulter' tag

    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.

  • Have collateral to protect Bilcare's Rs 51.5cr loan: UBI Apr 10, 2013 12:55 PM IST

    Have collateral to protect Bilcare's Rs 51.5cr loan: UBI

    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.

  • Reduced CDR aid; well-provisioned against KFA: United Bank Feb 20, 2013 04:38 PM IST

    Reduced CDR aid; well-provisioned against KFA: United Bank

    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.

  • Govt funding can prevent United Bank from more dilution: MD Nov 23, 2012 03:50 PM IST

    Govt funding can prevent United Bank from more dilution: MD

    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.

Sections
ISO 27001 - BSI Assurance Mark