United Bank of India gets nod to raise funds up to Rs 1190 crore

United Bank of India - (Amalgamated) | Bank - Public | BFSI | BSE: 533171 | NSE: UNITEDBNK

06 Dec 2017 Evaluate

United Bank of India has received an approval to issue and allot BASEL III compliant Additional Tier-I Bonds up to Rs 1190 crore. The board of directors at their meeting has approved for the same.

United Bank of India is one of the 14 major banks which were nationalized on July 19, 1969. After nationalization, the Bank expanded its branch network in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalization.

Peers

Company Name	CMP
State Bank Of India	978.50
PNB	117.05
Bank Of Baroda	234.55
Canara Bank	125.90
Union Bank Of India	179.25
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