18:01 May 02, 2016  

United Bank of India

HSL Code: UNITED   |   BSE Code: 533171  |   NSE Symbol: UNITEDBNK  |   ISIN: INE695A01019
19.35
-0.30(-1.53%)
02 May 2016 | 15:41
Prev Close (Rs.)
19.65
Open (Rs.)
20.00
High (Rs.)
20.00
Low (Rs.)
19.15
Volume
11,794
Week Avg. Volume
18,452
52Wk High - Low Range
16.80
28.75
 
 
Apr8
United Bank of India to hold EGM
United Bank of India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 3 May 2016 .
Apr2
United Bank of India implements Marginal Cost of Funds Based Lending rates
United Bank of India announced the following tenor based Marginal Cost of Funds Based Lending rates effective from 01 April 2016 -

Overnight - 9.25%
1 month - 9.30%
3 months - 9.35%
6 months - 9.40%
1 Year - 9.45%.

Mar30
United Bank of India to get Rs 480 crore capital infusion from GoI
United Bank of India announced that the Ministry of Finance vide its letter dated 28 March 2016 has conveyed that the Government of India has decided to infuse capital funds to the tune of Rs. 480 crore (Rupees Four Hundred and Eighty Crore) in the Bank by way of preferential allotment of equity in favour of the Government of India.

Further, as advised by the Government of India, the Bank is initiating necessary steps in this regard.

Feb24
United Bank of India intimates of proposed strike by AIBOC
United Bank of India announced that the Indian Banks` Association vide its letter dated 18 February 2016 has informed that All India Bank Officers` Confederation (AIBOC) has given a Strike Notice dated 11 February 2016 stating that the members affiliated to their Association will observe one day strike on 29 February 2016 on various issues and demands.

The Bank will take all the necessary steps in terms of the existing guidelines for smooth functioning of branches/offices on the day of the strike, in the event the strike materializes.

Feb11
Board of United Bank of India approves raising Additional Tier - 1 capital up to Rs 10000 crore
United Bank of India announced that the Board of Directors of the Bank at its meeting held on 11 February 2016, has approved the proposal for raising Additional Tier - 1 capital under BASEL-III norms up to Rs. 1000.00 crore . through issuance of Perpetual Debt Instruments in the form of subordinated, non-convertible, non-cumulative, listed, Basel-Ill compliant Additional Tier1 Bonds in the form of Debenture/ Promissory Notes of the face value of Rs. 10.00 lakh each on private placement basis for inclusion in the Additional Tier1 Capital of the Bank for the purpose of ascertaining the capital adequacy ratios.
Feb9
United Bank of India to hold board meeting
United Bank of India will hold a meeting of the Board of Directors of the Company on 11 February 2016.
Jan22
United Bank of India to hold board meeting
United Bank of India will hold a meeting of the Board of Directors of the Company on 28 January 2016, to consider raising equity capital up to Rs 500 crore in the first tranche and not exceeding Rs 1000 Crore in one or more tranches during any financial year by Qualified Institutional Placement, Public Issue, Rights Issue or such other issue(s) as mentioned in the SEBI circular dated November 30, 2015.
Jan15
United Bank of India plans to raise Rs 200 crore
United Bank of India announced that the Bank is proposing to issue Unsecured, Subordinated, Non-Convertible, Rated, Redeemable, Basel III Compliant Instrument in the nature of Debentures for inclusion in Tier 2 Capital of face value of Rs. 10.00 lakh each ("Bonds") aggregating Rs. 200 crore plus Green Shoe Option on private placement basis and is in the process engaging Arranger(s) for the same.
Jan14
United Bank of India reduces interest rates on deposits
United Bank of India has reduced its interest rates on deposits up to Rs.1 crore by 25 bps. to 50 bps. and on deposits above Rs. 1 crore by 25 bps. to 150 bps. in all buckets from 46 days onwards w.e.f. 18 January 2016.
Dec18
Board of United Bank of India approves proposal to raise equity capital up to Rs 1500 crore
United Bank of India announced that the Board of Directors of the Company at its meeting held on 18 December 2015, has approved the proposal to raise Equity Capital by Preferential Allotment up to Rs.1500 crore including premium to the President of India on behalf of the Central Government, or Life Insurance Corporation of India or funds thereof or such other investors as may be decided provided that the Central Government holding at any time shall not fall below 51% of the total equity capital of the Bank and subject to all necessary approvals and clearances being in place.
Dec15
United Bank of India to hold board meeting
United Bank of India will hold a meeting of the Board of Directors of the Company on 18 December 2015.
Dec9
United Bank of India appoints Chief Customer Service Officer (Internal Ombudsman)
United Bank of India announced that in line with the recommendation of the Damodaran Committee and as advised by the Reserve Bank of India, the Bank has appointed Shyamalendu Saha as Chief Customer Service Officer (Internal Ombudsman) w.e.f. 07 December 2015 for 3 years. Sri. Saha is a CAIIB professional and retired from the banking services as General Manager of Canara Bank.
Dec8
United Bank of India provides business update
United Bank of India has completed payment of the Annual Interest on its "9.27% UBI - IPDI-Tier - I Series - I Bonds" due on 05 December 2015, on 05 December 2015, to the investors in the said bonds.
Oct31
United Bank of India to hold board meeting
United Bank of India will hold a meeting of the Board of Directors of the Company on 7 November 2015.
Oct15
United Bank of India launches U-Connect Trio
United Bank of India launched their co-branded share trading product, specially customised for the UBI-accountholders. The product has been named Trio and launched under the brand U-Connect. While the focus would remain on providing online trading services to the customers, however, offline mode will also be available to the customers of UBI. Under the partnership arrangement with Kotak Securities, willing customers of UBI will be offered a 3-in-1 Accounts - savings & demat account with UBI and trading account by Kotak Securities
Oct6
United Bank of India updates on directorate
United Bank of India announced that P. Srinivas, Managing Director & CEO of the Bank has been appointed as Director on the Board of National Insurance Company with immediate effect and up to the date of his tenure or until further order whichever is earlier, vide Order dated 06 October 2015 by the Ministry of Finance.
Oct3
United Bank of India reduces Base Rate and domestic term deposit rates
United Bank of India has reduced the Base Rate from 9.90% to 9.65% with effect from 12 October 2015. The Bank also reduced rates of domestic term deposits across various tenures with effect from 05 October 2015.
Sep22
United Bank of India to raise Rs 200 crore through AT-1 bond issue
United Bank of India announced that the Bank proposes to issue and allot through private placement rated, unsecured, non-convertible, perpetual, listed BASEL-III compliant Additional Tier-1 Bonds of Face Value of Rs. 10.00 lac per Bond aggregating up to Rs.200 crore including oversubscription.

The issue is proposed to open on 23 September 2015 and close on 28 September 2015.

Aug31
United Bank of India intimates on All India Bank Strike
United Bank of India announced that the Bank has been informed by Indian Banks` Association that certain employee Unions / Associations have served a notice dated 17 August 2015 to go on all India bank strike for one day on 02 September 2015 in support of certain industry level demands.

The Bank is taking all necessary steps in terms of the existing guidelines to deal with the strike in the event the strike materializes.

Aug25
United Bank of India appoints director
United Bank of India announced that Ministry of Finance vide its Notification dated 24 August 2015 has appointed K. Venkata Rama Moorthy, Executive Director, Bank of Baroda, as Executive Director of the Bank w.e.f. the date of his assumption of the charge of the post and up to 31 January 2019 i.e. the date of his attaining the age of superannuation or until further orders, whichever is earlier in terms of section 9(3)(a) of the Banking Companies (Acquisition & Transfer of Undertakings) Act 1970 read with clauses 3(1) and 8(1) of The Nationalized Banks (Management & Miscellaneous Provisions) Scheme 1970.
Aug17
United Bank of India revises interest rates on domestic term deposits
United Bank of India announced that the Bank has revised the rates of interest on domestic term deposits with effect from 21 August 2015.
Jul28
United Bank of India to hold board meeting
United Bank of India will hold a meeting of the Board of Directors of the Company on 3 August 2015.
Jul3
United Bank of India revises interest rates on retail term deposits
United Bank of India has revised the interest rates on its retail term deposits for following maturity periods -

180 days - 269 days : 7.25% (previously 7.50%)
1 year : 7.75% (previously 8.00%)
Above 1 year and less than 2 years : 7.50% (previously 7.75%)
2 year to less than 3 years : 7.50% (previously 7.75%)
3 years to less than 5 years : 7.50% (previously 7.75%)
5 years and above : 7.50% (previously 7.75%)

The revised rates will be applicable from 06 July 2015.

Jun10
United Bank of India reduces base rate to 9.9%
United Bank of India has reduced its Base Rate from 10.00% to 9.90% w.e.f. 19 June 2015.
Jun4
United Bank of India revises interest rates on retail term deposits
United Bank of India has revised its interest rates on its retail Term Deposits for 1 year to 8% and above 1 year to 7.75% w.e.f. 08 June 2015.
May15
United Bank of India to hold AGM
United Bank of India announced that the Annual General Meeting (AGM) of the bank will be held on 22 June 2015.
May13
United Bank of India to hold EGM
United Bank of India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 May 2015 .
May7
Board of United Bank of India does note recommend dividend for FY 2015
United Bank of India announced that the Board of Directors of the Bank at its meeting held 07 May 2015, inter alia, did not recommend any dividend for 2014-15.

Further, 18 May 2015, has been fixed as the Specified Date for the purpose of determining the shareholders who shall be entitled to participate i.e. nominate, contest and vote in the election for one director from amongst the shareholder, other than the Central Government pursuant to section 9(3)(i) of the Banking Companies (Acquisition & Transfer of undertakings) Act 1970 at the forthcoming Annual General Meeting of the Bank.

Apr29
United Bank of India to hold board meeting
United Bank of India will hold a meeting of the Board of Directors of the Company on 7 May 2015, to consider and adopt the audited financial results for the quarter and the financial year ended 31 March 2015, and to consider recommendation of dividend.
Mar20
United Bank of India announces change in statutory auditors
United Bank of India announced that M/s. Nundi & Associates, Chartered Accountants has been appointed as one of the Statutary Central Auditors of the Bank w.e.f. 02 March 2015 in place of M/s. Dinesh Mehta & Co., Chartered Accountants, who completed their allocated tenure.
Feb17
United Bank of India updates on proposed stike by UFBU
United Bank of India announced that Ministry of Finance vide communication dated 17 February 2015, referring to the Notice dated 05 February 2015 addressed to the Chairman, IBA, by United Forum of Bank Unions (UFBU), has informed about the decision to go on strike from 25 to 28 February 2015 and indefinite strike from 16 March2015, in support of their demands. In the event these proposed strikes materialize, the normal banking activities and customer services at the branches and offices of the Bank may get disrupted.
Feb13
United Bank of India proposes preferential allotment of equity to the Central Government
United Bank of India announced that:

1. The Bank proposes to allot to the Central Government by way of Preferential Allotment under Chapter VII of the SEBI ICDR Regulations 2009:-

- up to 12,28,60,818 equity shares of Rs. 10/- each by conversion of 52523 nos. perpetual noncumulative Preference Shares of Rs. 100,000/- each aggregating Rs. 525.23 crore.

- up to 23,39,18,128 equity shares of Rs. 10/- each aggregating up to Rs. 1000 crore for cash against fresh capital infusion.

2. The Bank proposes to hold an Extraordinary General Meeting for the above purposes on 13 March 2015 at 10.00 AM. at Kolkata.

3. The Relevant Date for the purpose of the aforesaid issue(s) is 11 February 2015 as per Regulation 71(a) of the SEBI ICDR Regulations.

4. Based on the Relevant Date, the issue price has been worked out at Rs. 42.75 per share under Regulation 76(1) of the SEBI ICDR Regulations.

5. The Bank proposes to conduct e-Voting on the aforesaid resolutions under Clause 35B of the Listing Agreement on the e-Voting platform of Central Depository Services (India) from 10.00 hrs on 07 March 2015 to 17.00 hrs on 09 March 2015.

Feb10
Outcome of board meeting of United Bank of India
United Bank of India announced that the Board of Directors of the Company at its meeting held on 10 February 2015, inter alia, has also approved :

1. Preferential allotment of equity to the Government of India under Chapter VII of the SEBI ICDR Regulations 2009 by conversion of 52523 nos. Perpetual Non-cumulative Preference Shares of Rs.100000/- each aggregating Rs. 525.23 crore subject to necessary regulatory clearances;

2. Preferential allotment of equity to the Government of India under Chapter VII of the SEBI ICDR Regulations 2009 by fresh issue of equity shares aggregating up to Rs. 1000 crore subject to the necessary approval from the Government and regulators.

3. Issue and allotment of up to Rs. 500 crore BASEL-III compliant Perpetual Debt Instruments in the form of subordinated, nonconvertible, noncumulative, listed, Additional Tier-I bonds of Rs. 10,00,000/- each.

Jan29
United Bank of India to hold board meeting
United Bank of India will hold a meeting of the Board of Directors of the Company on 10 February 2015, to consider and approve the unaudited financial results of the Bank for the quarter and 9 month period ended 31 December 2014; & to approve preferential allotment of equity to the Government of India under Chapter VII of the SEBI ICDR Regulations 2009
Jan15
United Bank of India lowers base rate to 10%
United Bank of India announced that it has been decided by the Asset Liability Management Committee of the Bank on 15 January 2015, that the Base Rate of the Bank will be reduced from 10.25% to 10.00% w.e.f. 01 February 2015.
Dec31
United Bank of India announces change in directorate
United Bank of India announced that Ministry of Finance vide letter dated 31 December 2014 has appointed P. Srinivas as the Managing Director & Chief Executive Officer of the Bank with effect from the date of assumption of charge of the post up to the age of superannuation (June 30, 2016) or until further order, whichever is earlier. Prior to this appointment, Sri. Srinivas was the Executive Director of Bank of Baroda.

Srinivas will be assuming charge as Managing Director & Chief Executive Officer later on date.

Dec30
United Bank of India updates on proposed All India Bank strike
United Bank of India announced that the Bank is in receipt of a communication dated 23 December 2014 from Indian Bank`s Association informing about a notice dated 22 December 2014 served by the Convenor, United Forum of Bank Unions informing to go on All India Bank Strikes on 07 January 2015 and 21 January to 24 January 2015 on demand of immediate settlement of wage revision and related matters. However, the Bank will take all reasonable steps to maintain undeterred services on the days of strike to the extent possible.
Dec22
United Bank of India announces cessation of director
United Bank of India announced that Pijush Kanti Ghosh, Officer Employee Director has completed his tenure on 18 December 2014. His position on the Board remains vacant w.e.f. 19 December 2014.
Nov28
United Bank of India announces change in directorate
United Bank of India announced that Ashok Kumar Dogra, Deputy Secretary, Department of Financial Services, Ministry of Finance has been nominated as the Govt. Nominee Director of the Bank in place of Sri Mihir Kumar, Director u/s 9(3)(b) of the Banking Companies (Acquisition & Transfer of Undertakings) Act 1970 vide Notification F.No.6|3|2012 - BOA dated 25 November 2014 with effect from the Notification date till further orders.

Further the Bank has informed that, Kiran B. Vadodaria, Part-time Non-official Director who was also a member of the Audit Committee of the Board of Directors has vacated office upon completion of his tenure on 27 November 2014.

Oct31
United Bank of India to hold board meeting
United Bank of India will hold a meeting of the Board of Directors of the Company on 7 November 2014.
Aug5
United Bank of India to hold board meeting
United Bank of India will hold a meeting of the Board of Directors of the Company on 14 August 2014
Jul23
United Bank of India announces resignation of director
United Bank of India announced that Sunil Goyal, Part-time, Non-official Director under CA Category and Chairman of the Audit Committee has vacated his office upon completion of his tenure on 21 July 2014.
Jun11
United Bank of India gets RBI nod to consider loan proposals upto Rs 200 crore
United Bank of India gets RBI nod to consider loan proposals upto Rs 200 crore Suject to certain conditions United Bank of India announced that the Reserve Bank of India vide its letter dated 03 June 2014 has allowed the Bank to consider loan proposals up to Rs 200 crore taking exposure to AAA rate PSUs and corporate borrowers subject to ensuring CD Ratio not beyond 70% and CRAR not below 9% as on 30 June 2014.
May27
United Bank of India to hold AGM
United Bank of India to hold AGM On 18 June 2014 United Bank of India announced that the 5th Annual General Meeting (AGM) of the Bank will be held on 18 June 2014.
May20
United Bank of India to hold AGM
United Bank of India to hold AGM On 18 June 2014 United Bank of India announced that the 5th Annual General Meeting (AGM) of the Bank will be held on 18 June 2014.
May12
United Bank of India files winding up petition against REI Agro
United Bank of India files winding up petition against REI Agro In the High Court at Kolkata United Bank of India announced that the Bank has filed the winding up petition u/s 433, 434 and 439 of the Companies Act 1956 against REI Agro vide petition no. 436 (of 2014) in the High Court at Kolkata.
Apr8
United Bank of India appoints CFO
United Bank of India appoints CFO United Bank of India has announced that Sanjay Kumar, General Manager has been designated as the CFO of the Bank in place of V Sundaresan, General Manager.
Mar18
United Bank of India reduces base rate
United Bank of India reduces base rate From 10.50% to 10.25% United Bank of India has decided to reduce the Base Rate of the Bank from 10.50% to 10.25% with effect from 24 March 2014.
Feb1
United Bank of India postpones board meeting
United Bank of India postpones board meeting To be held on 07 February 2014 United Bank of India has announced that due to non-finalisation of accounts, the board meeting of the bank which was scheduled to be held on 01 February 2014 stands postponed. The same will be held on 07 February 2014.
Dec27
United Bank of India allots equity shares
United Bank of India allots equity shares To President of India United Bank of India has completed the allotment of 18,00,41,152 equity shares of the Bank to "President of India" on 24 December 2013 upon receipt of the entire application money.
Showing page 1 of 2
 
Fetching Data...