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United Bank of India informs about company updates

30 Mar 2016 Evaluate

United Bank of India has informed that the Ministry of Finance vide its letter dated March 28, 2016 has conveyed that the Government of India has decided to infuse capital funds to the tune of Rs 480 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.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 1006.95
PNB 126.15
Bank Of Baroda 249.10
Canara Bank 122.80
Union Bank Of India 188.30
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