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Govt to infuse Rs 2159 crore in United Bank of India

28 Dec 2018 Evaluate

Government has decided to infuse Rs 2,159 crore in United Bank of India as part of Rs 28,615 crore capital infusion to be done in about half a dozen banks. The bank proposes to secure the shareholders’ approval to the proposed preferential allotment by a Special Resolution by convening an Extraordinary General Meeting.

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.

United Bank-Amalgama Share Price

8.02 0.00 (0.00%)
20-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1071.35
PNB 113.05
Canara Bank 141.80
Bank Of Baroda 278.50
Union Bank Of India 188.55
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