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UBI to get Rs 418-crore capital from government

IANS  |  Kolkata 

State-run United of on Friday said the central will infuse Rs 418 crore capital in the as a part of turnaround-linked capital infusion plan.

"The exchange (Bombay Stock Exchange) is hereby informed that the has received a communication from the central ..informing inter alia capital allocation of Rs 418 crore as a part of turnaround-linked capital infusion plan," the lender said in a filing to the BSE.

Last September, the had received Rs 608 crore from the central through preferential allotment of equity shares following the announcement of capital infusion of Rs 22,915 crore towards the recapitalisation of 13 public sector banks during 2016-17.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 17 2017. 19:42 IST
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