United Bank of India informs about company updates
Date: 30-03-2016United Bank of India has informed that the Ministry of Finance vide its letter dated March 28, 2016 has conveyed that the Government of India has decided to infuse capital funds to the tune of Rs 480 crore in the Bank by way of preferential allotment of equity in favour of the Government of India. Further, as advised by the Government of India, the Bank is initiating necessary steps in this regard.
The above information is a part of company’s filings submitted to BSE.