CARE has assigned ‘AA’ ratings to United Bank of India’s Rs 300 crore Perpetual Bonds. The bank has received the said rating on of back of its capital raising ability and profitability during the long tenure of the instruments.
United Bank of India has emerged as a strong and efficient banking organization 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.
