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United Bank of India

United Bank of India partners Srei Equipment Finance to offer loans under a co-lending program

United Bank of India partners Srei Equipment Finance to offer loans under a co-lending program

Thu, Oct 31, 2019

The United Bank of India and SREI are the first in the industry to enter into an arrangement for co-lending under the Co-origination Model between Banks and NBFCs.

Bank strike in India: Alert! 4 lakh employees to go on two-day nationwide strike from this date

Bank strike in India: Alert! 4 lakh employees to go on two-day nationwide strike from this date

Sun, Sep 22, 2019

About four lakh bank employees will go on tow-day strike across the country on September 26 and 27 to protest against the government's decision of public sector banks' merger.

United Bank of India slashes MCLR by 0.05% from April 18

United Bank of India slashes MCLR by 0.05% from April 18

Wed, Apr 17, 2019

United Bank of India has reduced its marginal cost of funds-based lending rate (MCLR) by 5 basis points across tenures, effective Thursday or April 18, 2019.

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Bank of Baroda vs IDBI vs United Bank RuPay Debit Card cash withdrawal limit, offers, charges, other benefits explained

Bank of Baroda vs IDBI vs United Bank RuPay Debit Card cash withdrawal limit, offers, charges, other benefits explained

Fri, Mar 01, 2019

The RuPay debit card comes with a host of features and benefits.

UBI, Srei Equipment Finance enter pact for MSME sector finance

UBI, Srei Equipment Finance enter pact for MSME sector finance

Sat, Jan 05, 2019

Under the pact, UBI would leverage its low-cost loans with Srei to enable purchase of equipment and vehicles in a seamless manner, a statement by the state-run lender said.

This bank just jumped over 11% on Centre's action; do you have money invested in it? You just gained a hefty sum

This bank just jumped over 11% on Centre's action; do you have money invested in it? You just gained a hefty sum

Fri, Dec 28, 2018

Such a blockbuster performance in United Bank shares comes courtesy government announcing a massive infusion of Rs 2159 crore.

Bank strike in January, 2019: Unions call for 2-day protest; your work may be affected

Bank strike in January, 2019: Unions call for 2-day protest; your work may be affected

Fri, Dec 28, 2018

Bank strike: In a notification to exchanges, United Bank said a strike has been "called by All India Bank Employees' Association (AlBEA) & Bank Employees Federation of India (BEFI) on 8th January, 2019 and 9th January, 2019 on various issues connected to the banking industry."

RBI vs Centre row: Big relief likely for this crisis hit sector

RBI vs Centre row: Big relief likely for this crisis hit sector

Thu, Nov 15, 2018

Reserve Bank of India (RBI) and the central government are expected to reach a consensus on easing credit availability to micro, small and medium enterprises (MSMEs).

United Bank of India share sale virtually gets snubbed by employees

United Bank of India share sale virtually gets snubbed by employees

Thu, Aug 23, 2018

In a first for public sector banks, in December 2017, Boards of United Bank and Allahabad Bank had approved allotment of shares up to 50 million to their employees – from chief executives to peons. The decision was opposed by a section of officers' and workers' unions, as they argued it will lead to dilution of government stake in the two PSBs.

Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17

Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17

Mon, Jan 16, 2017

Credit growth of United Bank of India (UBI) at the end of financial year 2016-17 (FY17) will be as low as 7-8% due to demonetisation impact, its MD and CEO P Bajaj said.

United Bank of India trims MCLR rate by 90 basis points; shares gain

United Bank of India trims MCLR rate by 90 basis points; shares gain

Thu, Jan 05, 2017

Not only banks but NBFCs have been in a rate cut war. Both banks and NBFC have reduced MCLR in the range of 40 basis points - 90 basis points within just 4 days of January 2017.

CBI registers corruption case against ex-CMD of UBI Archana Bhargava

CBI registers corruption case against ex-CMD of UBI Archana Bhargava

Thu, Sep 15, 2016

The Central Bureau of Investigation (CBI) on Thursday registered a case of alleged corruption against the then chairman and managing director of United Bank of India (UBI) Archana Bhargava, two companies and two unknown people.

Banks' earnings to be weak for atleast 12-18 months

Banks' earnings to be weak for atleast 12-18 months

Sun, Aug 14, 2016

For the short-medium term, the capital ratios are likely to remain under pressure and banks will be under stress to raise additional funds.

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