Baripada: Unidentified miscreants allegedly looted cash worth Rs 15 lakh from four different ATMs in Mayurbhanj district on Saturday night. All the four ATM machines at Axis Bank at Tulasichaura, United Bank of India at Palabani, UBI at Astia and Bank of India at Station Bazar have been looted in a similar fashion using gas […]
Bhubaneswar: The Enforcement Directorate (ED) today attached the properties of Ignis Technology Solutions Private Limited, a Bengaluru-based IT company having expertise in aerospace engineering, on the charge of defrauding Rs 30 crore from the United Bank of India (UBI) and registered a case against Nihar Samantara, an Odia entrepreneur and one of the directors of […]
Kolkata: State-run United Bank of India (UBI) on Monday reported a net loss of Rs 260.62 crore in the quarter ended March 31, due to higher provisioning for bad loans, against net profit of Rs 73.56 crore in the same quarter last year. During the March quarter, the bank’s operating profit, however, increased by 14.53 […]
Kolkata: State-run lender United Bank of India on Wednesday said the Reserve Bank of India (RBI) has prescribed certain additional actions under the Prompt Corrective Action (PCA) Framework in view of its high net non-performing asset (NPA) and financial health. “…The Reserve Bank of India has prescribed certain additional actions under the Prompt Corrective Action […]
Mumbai: The board of Punjab National Bank (PNB) on Thursday gave an “in-principle approval” to merger with itself of Oriental Bank of Commerce (OBC) and United Bank of India (UBI). The board also approved the Rs 18,000 crore capital infusion, as announced by the government last week. On Wednesday Moody’ Investors Service updated its outlook […]
Kolkata: The amalgamated entity of United Bank of India (UBI), Punjab National Bank (PNB) and Oriental Bank of Commerce (OBC) will come into effect from April 1 next year, a top official said on Saturday. The merged unit, likely to have a new name, will be the second largest bank in the country after State […]
Puri: A day after Yes Bank remitted Rs 389-crore fixed deposit account of Shree Jagannath Temple Administration in Puri, to State Bank of India, the admin today revealed that Srimandir funds will be kept in Union Bank of India (UBI). Informing the same, SJTA administrator (development) Ajay Kumar Jena said that both the Lord Jagannath […]
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