United Bank Of India Branches in East Garo Hill
To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the Branch Name from the table below.
| Branch Name, Click for more detail | City |
|---|---|
| B R ROAD | MENDIPATHAR |
News - May 2017
- 2017-05-19 : United Bank of India to raise funds up to Rs. 1,000 crore
United Bank of India is looking to raise funds up to Rs. 1,000 crore through various options. In its regulatory filing, the bank has reported that its board of directors has approved rising of equity capital via Qualified Institutions Placement, Public Issue and Right Issue. However, the bank has not disclosed the purpose of raising the capital. - 2017-03-17 : UBI to Get Rs. 418 Crore Capital from GovernmentUnited Bank of India had received Rs. 608 crore from the central government through preferential allotment of equity shares in September, 2016. The central government will infuse another Rs. 418 crore capital in the bank as a part of turnaround-linked capital infusion plan. The government has also declared fund infusion of Rs. 22,915, out of Rs. 25,000 crore allocated for 13 public sector banks for the current fiscal 2016-17.
- 2017-01-06 : United Bank of India cuts lending rate by up to 90 basis pointsUnited Bank of India has reduced its overnight and six months marginal cost of lending rates to 8.30 and 8.65 percent respectively. The revised one year MCLR is now 8.80 percent as compared to 9.40 percent earlier. The rates are effective from 6th January, 2017.
- 2016-08-09 : United Bank of India Q1 net down 27 per cent, bad loans riseUnited Bank of India reported nearly 27 per cent fall in its net profit to Rs. 38.32 crore for the quarter ended June 30 due to rise in bad loans. The total income of the bank fell by 2.67 per cent to Rs. 2819.37 crore in the June quarter of FY17 from Rs. 2896.75 crore in the June quarter of previous year. Gross NPAs as a percentage of total loans increased to 14.29 per cent in the first quarter of current financial year. Similarly, the net NPA ratio increased to 9.85 per cent, up from 6.30 per cent during same period of previous fiscal.
- 2016-07-20 : Govt to infuse up to Rs 810 Cr capital in United Bank of IndiaUnited Bank of India said that the government has decided to infuse up to Rs 810 crore capital into the bank in the current fiscal year. Government has decided to allocate 75 per cent of the capital to the bank immediately and remaining 25 per cent will be infused depending upon the performance of the bank by the end of 2016. Government has already announced its plan to infuse Rs. 22915 crore in 13 public sector banks like SBI, PNB, Bank of India and Central Bank of India.
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