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

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

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

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

Expect Rs 650-700 cr recoveries in Q3: United Bank of India

Discussing the second quarter numbers in details, Managing Director Pawan Kumar Bajaj of United Bank of India said the quarter gone by saw improvement in recoveries and expect them to improve further in quarters ahead.

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.

NPA recovery picking up; a/cs to be upgraded in Q4: UBI

The bank had slippages of around Rs 1,600 crore versus Rs 786 crore (QoQ) and the fresh restructuring was at Rs 650 crore in Q3. Around Rs 530 crore from restructured account slipped into NPA in Q3.

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

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.

Seen more recoveries than slippages in Q2: United Bank

The bank reported a profit of Rs 43.8 crore profit in Q2 as against Rs 489.47 crore loss in the same period last year.

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

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

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.

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.

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.

Slippages will be less in Q1, FY14: United Bank CMD

United Bank of India put up a poor show in its Q4 earnings. Thanks to the rise in bad loans. However, the bank CMD Archana Bhargava is confident of bringing stress assets down in the coming quarters.

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

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.

Provisioning, low rate growth hits net; NIM up at 2.7%: UBI

Deepak Narang, ED, United Bank of India explains on CNBC-TV18, after the announcement of results, that the bank's net profit was affected by increased provisioning for Kingfisher Airlines this quarter followed by provisions for transport, IT, iron and steel. He expects a pick-up in recoveries going forward.

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.

Steps taken to ensure gross NPA won't cross 3%: United Bank

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.