United Bank of India

United Bank of India Recommends Dividend Of Rs 2.10 per share The board of United Bank of India in its meeting held on 14 May 2013 has recommended final dividend of 21%(Rs 2.10) per equity share of Rs 10 each for the financial year 2012 - 13.

United Bank of India Appoints Director With effect from 07 May 2013. Sanjib Pati is appointed as director of United Bank of India for three years with effect from 07 May 2013.

United Bank of India Postpones Board Meeting On 14 May 2013 United Bank of India has announced that the meeting of the board of directors to be held on 10 May 2013 has been reschedule on 14 May 2013.

Government of India appoints Archana Bhargava as CMD of United Bank of India United Bank of India has announced that Archana Bhargava, executive director of Canara Bank has been appointed vide notification dated 23 April 2013 of the Ministry of Finance, Government of India as chairman & managing director of the bank with effect from the date of her taking over the charge till 28 February 2015 or until further orders, whichever is earlier. Further, Bhargava has since taken charge on 23 April 2013.

United Bank Of India Allots Equity Shares On preferential basis United Bank of India has announced that the bank has completed the allotment of 1,37,08,019 equity shares of Rs 10 each at a price of Rs 72.95 per share on preferential basis under chapter VII of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009 to President of India on behalf of Government of India on 13 March 2013. The said shares shall be locked-in up to 12 March 2016 as per the provision of the aforesaid regulation.

United Bank of India`s shareholders approves to issue equity shares to Govt. of India On preferential basis The shareholders of United Bank of India at the extraordinary general meeting held on 12 March 2013 have approved to offer, issue and allot up to 1,37,08,019 equity shares of Rs 10 each for cash at Rs 72.95 per share in accordance with Regulation 76(1) of SEBI ICDR Regulations and aggregating up to Rs 100 crore on preferential basis to President of India on behalf of the Government of India.

United Bank Of India Revises Its Base Rate To 10.25% With effect from 25 February 2013 United Bank of India has announced that the bank has revised its base rate i.e. the benchmark rate for pricing its loan products, from existing 10.45% to 10.25% with effect from 25 February 2013.

United Bank of India to convene EGM On 12 March 2013 United Bank of India has announced that the extraordinary general meeting of the bank will be held on 12 March 2013.

United Bank of India to convene EGM On 12 March 2013 The board of United Bank of India in its meeting on 05 February 2013 has approved preferential allotment of equity shares to the President of India acting on behalf of the Government of India under chapter VII of the SEBI ICDR Regulations 2009, pursuant to the approval of the Ministry of Finance vide its letter dated 30 January 2013 to the infusion of capital in the form of common equity in the Tier-1 capital of the bank to the tune of Rs 100 crore subject to approval of the shareholders of the bank. The board has approved convening an extra-ordinary general meeting of shareholders of the bank on 12 March 2013 for obtaining the approval of the shareholders to the proposed preferential allotment by a special resolution under Regulation 72(1) (a) of SEBI ICDR Regulations. Accordingly, the relevant date fixed for the purpose of the aforesaid preferential allotments under Regulation 71 of the SEBI ICDR Regulation is 08 February 2013.

United Bank Of India - Change In Director On 31 December 2012 United Bank of India has announced that Bhaskar Sen, Chairman & Managing Director has demitted his office on 31 December 2012 upon superannuation.

United Bank of India raises Rs 300 crore United Bank of India has announced that the bank has completed its proposed issue of innovative perpetual debt instruments (tier -I bonds) (series - I) of Rs 200 crore with the green shoe option of Rs 100 crore. Issue opened and closed on date and the entire issue including the green shoe option was duly subscribed.

United Bank of India finalize the issue of perpetual debt instrument up to Rs 300 crore United Bank of India has announced that the bank has finalized the issue of unsecured, subordinated, non convertible, perpetual debt instrument (series-I) of Rs 10 lakh each at par for an amount of Rs 200 crore with green shoe option of another Rs 100 crore on private placement basis for augmentation of its tier-I capital.

United Bank of India`s board approves to raise funds On 21 November 2012 The board of United Bank of India in its meeting on 21 November 2012 has approved the issue & allotment of unsecured perpetual tier - I bonds (series I) in the nature of promissory notes of Rs 10 lakh each for cash at par up to a maximum amount of Rs 250 crore with a green shoe option up to a maximum of Rs 250 crore (total amount not exceeding Rs 500 crore) through private placement. The board has approved to create, issue & allot up to such numbers of equity shares of Rs 10 each at a premium to be decided subsequently on `rights basis` to the existing shareholders of the bank as on the record date to be fixed subsequently, as may be required to raise at least Rs 250 crore but not exceeding Rs 300 crore including a premium.

United Bank of India to hold board meeting On 21 November 2012 The board meeting of United Bank of India will be held on 21 November 2012 to consider raising of capital up to Rs 750 crore through issuance of perpetual debt instruments and/or unsecured subordinated non-convertible tier-II bonds, and up to 10 crore equity shares of face value of Rs 10 each at a premium to be decided subsequently, in the form of rights issue or follow-on public offering.

Government of India appoints Sanjay Arya as executive director of United Bank of India With effect from 18 June 2012 United Bank of India has announced that Ministry of Finance, Department of Financial Services, Government of India after consultation with Reserve Bank of India, vide notification dated 18 June 2012 has appointed Sanjay Arya, General Manager, Bank of Maharashtra as executive director of the bank, with effect from the date of his taking charge i.e. 18 June 2012 till 30 September 2016 or date of his retirement or until further order, whichever is earlier.

United Bank of India recommends dividend Of 24% The board of United Bank of India in its meeting on 05 May 2012 has recommended dividend at the rate of Rs 2.40 per share (24%).

United Bank of India to announce financial results Board meeting on 05 May 2012 The board meeting of United Bank of India will be held on 05 May 2012 to consider and approve the audited financial results of the bank for the quarter ended 31 March 2012 and to recommend final dividend for the financial year 2011-12.

United Bank of India allots equity shares On preferential basis United Bank of India on 30 March 2012 has allotted 1,65,78,299 equity shares of Rs 10 each of the bank at a price of Rs 79.74 per shares on preferential basis to LIC Life Fund.

United Bank of India to convene EGM On 27 March 2012 United Bank of India has announced that the extraordinary general meeting of the bank will be held on 27 March 2012.

United Bank of India to convene EGM On 27 March 2012 United Bank of India has proposed to issue 1,65,78,299 fresh equity shares of Rs 10 each to Life Insurance Corporation of India and 21671011 fresh equity shares of Rs 10 each to President of India at a price of Rs 79.74 per equity share by way of preferential allotment. Further, the bank has decided to convene extraordinary general meeting held on 27 March 2012.

Government of India appoints Deepak Narag as director of United Bank of India With effect from 01 March 2012 United Bank of India has announced that Ministry of Finance, Department of Financial Services, Government of India, vide notification dated 13 February 2012 has appointed Deepak Narag, General Manager, Allahabad Bank as executive director of the bank in place of S L Bansal, executive director with effect from 01 March 2012 till 31 March 2015 or date of his retirement or until further order, whichever is earlier.

United Bank of India completes issue of proposed tier-II bond United Bank of India has completed the issue of its proposed tier-II (series -VII) bond issue of Rs 100 crore with a green shoe option of Rs 100 crore. The entire issue including the green shoe option was subscribed by IDFC. The issue opened, closed and the allotment was made on 28 December 2011.

Government of India appoints Pijush Kanti Ghosh as director of United Bank of India United Bank of India has announced that Ministry of Finance, Government of India after consultation with Reserve Bank of India, vide its letter dated 19 December 2011 has appointed Pijush Kanti Ghosh as officer employees director on the board of the bank with effect from the date of the aforesaid notification or until he ceases to be an officer of the bank or until further orders, whichever is earliest.

Govt of India nominates Sandeep Kumar as director of United Bank of India With effect from 02 December 2011 United Bank of India has announced that Ministry of Finance, Govt of India vide its notification dated 02 December 2011 has nominated Sandeep Kumar, Director in the Department of Financial Services, Ministry of Finance, as Govt of India nominee director on the board of the bank in place of Sanjeev Kumar Jindal, Director in the Department of Financial Services, Ministry of Finance with effect from the date of the said letter until further orders.

United Bank of India appoints new statutory central auditor United Bank of India has announced that Dinesh Mehta & Co., Chartered Accountants, has been appointed as the new statutory central auditor of the bank in place of H S Rustagi & Co., Chartered Accountants, on completion of their tenure.

Government of India appoints Kiran B. Vadodaria as part-time non-official director of United Bank of India On 28 November 2011 United Bank of India has announced that the Ministry of Finance, Government of India, has appointed vide its notification dated 28 November 2011, Kiran B. Vadodaria, as part-time non-official director on the board of directors of the bank for a period of three years from the date of the said notification or until further orders by the Government of India, whichever is earlier.

United Bank of India increases its base rate & BPLR With effect from 03 August 2011 United Bank of India has increased its benchmark lending rates i.e. Base Rate (BR) and Prime Lending Rate (BPLR) by 35 basis points each with effect from 03 August 2011. The revised BR and BPLR stands at 10.60% and 14.85% respectively.

Government of India appoints Sunil Goyal as part-time non-official director of United Bank of India With effect from 22 July 2011 United Bank of India has announced that the Ministry of Finance, Government of India, vide its Notification dated 22 July 2011 after consultation with Reserve Bank of India has nominated Sunil Goyal as part-time non-official director on the board of directors of the bank for a period of three years from the date of the said notification or until further orders by the Government of India.

United Bank of India`s non-official director tenure ends On 14 July 2011 United Bank of India has announced that Naina Sharma, non-official director has vacated her office with effect from the end of the business hours of 14 July 2011 on completion of her tenure of 3 years.

United Bank of India increases its base rate & BPLR With effect from 06 May 2011 United Bank of India has revised its base rate and Benchmark Prime Lending Rate (BPLR) by increase of 55 basis points and 75 basis points respectively from 9.45% and 13.50% to 10.00% and 14.25% respectively with effect from 06 May 2011.

United Bank of India recommends final dividend Of 22% The board of United Bank of India in its meeting on 29 April 2011 has recommended final dividend at the rate of Rs 2.20 per share (22%) for the financial year 2010-11.

Government of India appoints Hiranya Bora as part-time non-official director of United Bank of India United Bank of India has announced that the Ministry of Finance, Government of India, vide its notification dated 05 April 2011 has nominated Hiranya Bora as part-time non-official director on the board of directors of the bank for three years from the date of the said notification or until further order by the Government of India, whichever is earlier.

United Bank of India to consider dividend Board meeting on 29 April 2011 The board meeting of United Bank of India will be held on 29 April 2011 to consider, adopt and approve the audited financial results of the bank for the financial year and the quarter ended on 31 March 2011 and to recommend final dividend for the financial year 2010-11.

United Bank of India allots equity shares On 25 March 2011 United Bank of India has anounced that the bank has completed the allotment of 279,89,821 equity shares to the President of India as on 25 March 2011. This allotment was pursuant to the Government of India`s decision to infuse Rs 308 core in the bank through preferential allotment of equity shares in favour of the Government.

United Bank of India to convene EGM On 23 March 2011 United Bank of India has announced that the extraordinary general meeting of the bank will be held on 23 March 2011.

United Bank of India to issue & allot equity shares To Government of India United Bank of India on 15 February 2011 has decided to issue and allot up to 279,89,821 equity shares to the Government of India on preferential basis.

United Bank of India`s board approves preferential allotment To convene EGM The board of United Bank of India in its meeting on 19 February 2011 has approved the preferential allotment of equity shares to the Government of India, aggregating to Rs 308 crore. Further, the board has decided to convene extraordinary general meeting on 23 March 2011.

United Bank of India to hold board meeting On 19 February 2011 The board meeting of United Bank of India will be held on 19 February 2011 to consider and approve the preferential allotment of equity shares to the Government of India.

United Bank of India appoints Saumen Majumder as director The members of United Bank of India have elected Saumen Majumder as director of the bank. This was decided at the extraordinary general meeting held on 26 November 2010.

United Bank of India's CMD gets concurrent charge of the post of CMD-IIBI United Bank of India has announced that the Ministry of Finance, Government of India, vide its letter dated 06 October 2010 have decided that Bhaskar Sen, Chairman & Managing Director of the bank will hold concurrent charge of the post of Chairman & Managing Director of Industrial Investment Bank of India (IIBI) with effect from the date of the said letter till 31 December 2011 or until further order, whichever is earlier.

United Bank of India to convene EGM On 26 Novemeber 2010 The extraordinary general meeting of United Bank of India will be held on 26 November 2010 for the purpose of election of one director by the shareholders.

United Bank of India appoints Surekha Marandi as chairman of audit committee United Bank of India has announced that, Ministry of Finance, Government of India, vide its letter dated 30 July 2010 has appointed Surekha Marandi as RBI nominee director on the board of the Bank in place of Tulsidas Bandyopadhyay. Further, the bank has announced that in terms of Reserve Bank of India letter dated 09 February 2010, Marandi shall also be acting as the chairman of the audit committee of the board of directors of the bank.

Government of India appoints United Bank of India's CMD as ex-officio director of National Insurance Company With immediate effect United Bank of India has announced that Bhaskar Sen, chairman and managing director of the bank has been appointed as ex-officio director on the board of National Insurance Company, Kolkata with immediate effect upto 31 December 2012 or until further order, whichever is earlier, vide order dated 05 August 2010 of Government of India, Ministry of Finance, Department of Financial Services, Insurance Division.

Government of India appoints S Marandi as director of United Bank of India With effect from 30 July 2010 United Bank of India has announced that Ministry of Finance, Government of India, vide its letter dated 30 July 2010 has appointed S Marandi as RBI nominee director on the board of the bank in place of Tulsidas Bandyopadhyay with effect from the date of the said letter.