United Bank of India is mulling to raise capital up to Rs 750 crore through issuance of perpetual debt instruments and/or unsecured subordinated non-convertible Tier-II Bonds, and up to 10 crore equity shares of Face Value of Rs 10 each at a premium to be decided subsequently, in the form of rights issue or follow-on public offering.
United Bank of India has emerged as a strong and efficient banking organisation over the years and plays an integral role in the socio-economic development of the Eastern and North-Eastern States of the country. The bank at present has a strong presence with its total 1678 branches and 800 ATMs spread across the country.
