Page 3 - United Bank Of India

United Bank of India steps up turnaround efforts

Last year, the bank got back about Rs 1,200 crore through recovery

United Bank of India plans to raise Rs 500 cr via Basel III compliant bonds

Banks globally have to comply with the Basel III norms so as to improve and strengthen their capital planning processes

UBI net profit at Rs 73.6 cr in March quarter

Kolkata-based United Bank of India (UBI) posted a net profit of Rs 73.6 crore for the quarter ended March 31, the final one of 2016-17, as against a loss of Rs. 413 crore in the same quarter of 2015-16.Total income in the quarter for the government-owned entity dipped 2.9 per cent to Rs 2,673 crore from a year before. Net non-performing assets increased by 7.9 per cent to Rs 6,592 crore, from Rs 6,111 crore in the same quarter of 2015-16.Its Casa (current and savings account) share increased to 47.3 per cent, against 41.9 per cent earlier. Provision Coverage Ratio stood at 56.45 per cent, from 53.36 per cent a year before. The return on average assets remained flat at 0.21 per cent.In a filing with the BSE exchange, the bank said its board of directors has approved the raising of equity capital not exceeding Rs 1,000 crore, in one or more tranches, during any financial year by a Qualified lnstitutional Placement (QIP), a public issue, rights issue or any other. The bank has already ...

Can't match home loan rates with BoB: United Bank of India

UBI reduced MCLR between 60-90 basis points across tenures, effective from January 6

United Bank of India cuts lending rate by up to 0.90%

The bank's asset liability committee revised downwards the MCLR by 0.60-0.90 per cent

United Bank of India Q2 net profit falls 30% to Rs 43 crore

The bank posted a net profit of around Rs 43.53 crore in Q2 of FY17, against Rs 61.86 crore in same period last year

United Bank reports fall of 30% in net profit over bad loans

United Bank of India has reported a fall of 29.6% in net profit to Rs 43.53 crore for the September quarter

With govt stake set to touch 89%, UBI strives for equity dilution

Bank is now faced with the task of reducing a large chunk of government shareholding

United Bank gets shareholders' nod to raise Rs 1,000 crore

Bank expects a fund infusion of about Rs 500-600 cr from govt this financial year

United Bank of India posts a net loss of Rs 413 cr

Higher NPAs, provisioning pull bank into red; a year ago, it had posed a profit of Rs 105.52 crore