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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

bdc/nir

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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UBI to get Rs 418-crore capital from government

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

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

bdc/nir

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

UBI to get Rs 418-crore capital from government

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

bdc/nir

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22