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Tag: Ubi

Jagannath Temple funds from Yes Bank to Union Bank
After Yes Bank Crisis, SJTA Says Yes To Union Bank Of India To Park Srimandir Funds

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 […]

Merged Entity Of UBI, PNB, OBC To Become Operational From April 1 Next Year

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 […]

PNB Gitanjali Gems
PNB board approves OBC, UBI merger with itself

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 […]

15 lakh cash looted from four ATMs in Baripada

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 […]

UBI posts net loss of Rs 260.62 cr in Q4

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 […]

RBI imposes additional actions under PCA on UBI

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 […]

NIhar Samantara
ED attaches properties of Ignis Technology Solutions

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 […]