United Bank of India receives credit ratings from CRISIL

United Bank of India announced that CRISIL has revised the outlook from 'Stable' to 'Watch Positive' for Bank's Tier I Perpetual Bonds (under BASEL II), Lower Tier II Bonds (under BASEL II) and Lower Tier II Bonds (under BASEL III), in view of Bank's healthy resource profile and Government of India's continuous support.

The ratings remains unchanged as CRISIL A- for Rs. 300 crore Tier I Perpetual Bonds (under BASEL II), CRISIL A+ for Rs. 200 crore Lower Tier II Bonds (under BASEL II) and Rs. 1490 crore Lower Tier II Bonds (under BASEL III).

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