UWB Row: RBI asks Sicom to infuse Rs 350cr

 Updated at 1600 hrs: The board of directors of United Western Bank (UWB) will meet today (September 6, 2006) to consider the scheme of reconstruction of the bank u/s 45(4)(d) of Banking Regulation Act, 1949.

This was announced in a release issued by the bank to the BSE today.

Bank of Maharashtra has decided to put in an expression of interest (EOI) to the Reserve Bank of India for acquisition of United Western Bank.