United Bank of India has completed its proposed issue of Innovative Perpetual Debt Instruments (Tier- I Bonds) (Series - I) of Rs. 200 crore with the green shoe option of Rs. 100 crore. Issue opened and closed on date and the entire issue including the green shoe option was duly subscribed.
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.
