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UBI
UBI News
PNB
01 Apr 2021
Major relief to PNB customers, cheque book to remain valid till June 30
Major relief to customers. Old cheque book to continue. Use old cheque book till June 30 2021.
PNB
02 Feb 2021
OBC, UBI, PNB merger: What happens to your debit cards, internet banking?
According to information tweeted by PNB, the user ID of the old customers of Oriental Bank of Commerce and United Bank of India has changed. After the merger of OBC and UBI banks with PNB, the MICR Code and IFSC Code will also change from April 1, 2021.
public sector banks
19 Dec 2017
PSU Banks' capital raises are credit positive: Moody's
On a pro forma basis, it said, the capital raise will add about 100 basis points to PNB's Common Equity Tier 1 (CET1) ratio, which was 8.1 percent as of September 2017.
UBI
22 Nov 2017
UBI gets SEBI approval for Rs 1,000-cr equity issue via QIP
The lender had raised Rs 127.49 crore through sale of shares to qualified institutional investors in May.
Universal Basic Income
19 Apr 2017
UBI can work only if welfare schemes are phased out: CEA
The radical idea of giving free money under a universal basic income plan to reduce poverty can work in India only if the plethora of welfare schemes are phased out, Chief Economic Adviser Arvind Subramanian has said.
Chief Economic Advisor
24 Feb 2017
UBI only after withdrawal of present schemes: Subramanian
Chief Economic Advisor Arvind Subramanian on Friday said Universal Basic Income (UBI), as proposed in the recent Economic Survey, can be put in place only after withdrawal of the existing welfare projects.
PSU banks
03 Feb 2017
Merger of weak PSU banks can be a possibility: UBI CEO
Merger of weak public sector banks cannot be ruled out in a run up to meet Basel III norms, a top bank official said today.
Economic Survey
31 Jan 2017
Economic Survey 2017 pitches for implementation of UBI to provide basic income for all
Invoking Mahatma Gandhi's vision of "wiping every tear from every eye", the Economic Survey today made a strong pitch for implementing Universal Basic Income (UBI) that stipulates a certain income for the poor.
SBI
02 Jan 2017
Home, auto, personal loans get cheapest in 6 years as banks slash lending rate
Improvement in funds flow after demonetisation, major public sector banks in the country have set off a regime of low interest rates on consumer loans like home and auto loans.
Switzerland
05 Jun 2016
Money for nothing? Swiss vote on basic income for all
In a global first, the Swiss will vote Sunday on a radical proposal to provide the entire population with enough money to live on, no strings attached.
United Bank of India
30 Mar 2016
UBI to raise Rs 480 crore from govt via preferential allotment
State-owned United Bank of India (UBI) today said the government has approved capital infusion of Rs 480 crore in lieu of preferential allotment of shares.
Vijay Mallya
07 Mar 2016
After SBI and PNB, UBI to declare Vijay Mallya wilful defaulter?
After being declared as wilful defaulter by State Bank of India and Punjab National Bank, one more state-run lender United Bank of India Monday said it is continuing its efforts to declare liquor barron Vijay Mallya as wilful defaulter.
United Bank of India
28 Aug 2015
UBI looks to bring down gross NPA below Rs 6,000 cr
The gross NPA level in percentage terms was around 9.5 percent.
United Bank of India
17 Aug 2015
United Bank cuts interest rates by upto 0.50% on select maturities
State-owned United Bank of India Monday announced a cut in deposit rates for various maturities by 0.25-0.50 percent.
United Bank of India
03 Aug 2015
UBI Q1 net falls 21% at Rs 52 crore
State-owned United Bank of India Monday reported a 20.75 percent dip in net profit at Rs 52.22 crore on account of higher provisioning.
United Bank of India
28 Jun 2015
United Bank tops list with highest bad loans among PSU lenders
United Bank of India has topped the list of public sector lenders with maximum bad loans including restructured assets as a percentage of total advances.
Kingfisher Airlines
23 Jun 2015
UBI ''serious'' to recover money from Kingfisher Airlines
In the recent AGM of the Kolkata headquartered bank, managing director and CEO P. Srinivas said: "We are fighting a legal battle against them (Kingfisher Airlines) beyond the consortium and we have already declared their corporate guarantor as willful defaulter."
United Bank of India
21 Jun 2015
United Bank mulling to shift treasury department to Mumbai
Kolkata-based lender United Bank of India is mulling at shifting its treasury department to the financial capital of the country in order to stay closer to the market.
United Bank of India
09 Jun 2015
United Bank of India cuts lending rate by 0.1%
State-owned United Bank of India (UBI) Tuesday reduced lending rate by 0.1 percent to 9.90 percent, a move which will lower EMIs for its borrowers.
Indian Bank
04 Jun 2015
Indian Bank cuts lending rate by 0.3%, UBI slashes FD rate
State-owned Indian Bank Thursday slashed base rate or the minimum lending rate by 0.3 percent while United Bank of India (UBI) has reduced fixed deposit rates by up to 0.25 percent on select maturities.
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