United Bank Of India

Six years after demonetisation, deployment of ATMs set for biggest spike

ATM deployments had hovered between 225,000 and 235,500 units, before sniffing the 260,000-mark recently

How the PSU bank merger that comes into force on April 1 will impact you

PSU Bank merger: You'll have to take stock of your cheque books, passbooks, IFCS, ECS mandates and other things once you start dealing with the new entity

PNB gets board go-ahead to tap market for raising Rs 10,000 crore

The Government of India currently holds 85.59 per cent stake in the bank.

Complete tech integration with OBC, United Bank of India this fiscal: PNB

The integration of the core banking solution platform would take slightly longer time as the merged entity had an older version of this platform, PNB chief said

Expect to post moderate profit in every quarter of this fiscal: PNB MD

The bank's prime goal in 2020-21 would be to strengthen its balance sheet so that it can create a better case for the amalgamated entity for the next fiscal, too, Rao said

Punjab National Bank reports a pre-tax loss of Rs 969 crore in Q4

The lender reported a net loss of Rs 697 crore in Q4FY20 before completing the amalgamation process, as it posted a second continuous quarterly loss.

PNB looks to tap market in Q3FY21; may raise capital via FPO, rights issue

The government provided Rs 16,091 crore to PNB and Rs 1,666 crore to United Bank of India in September for enhancing the capital base of these two lenders

Coronavirus outbreak disrupts PSB merger as banks put programmes on hold

According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.

PNB set to revamp business and strategy of five regional rural banks

The consultancy or advisory firm will conduct assessment of core business opportunities and work towards a holistic operating model review.

FM Nirmala Sitharaman to review bank merger preparedness on Thursday

Banks likely to set up common call centres and monitoring cells

Syndicate Bank, Oriental Bank gain on Cabinet nod for merger of 10 PSBs

Punjab National Bank (PNB), Oriental Bank of Commerce, and United Bank of India will combine to form the nation's second-largest lender

Banks may not be in a position to go to the market now: United Bank CEO

Bank's merger with Oriental Bank of Commerce and Punjab National Bank will be smooth, says Ashok Kumar Pradhan.

PNB clarifies no proposal for changing bank's name after UBI flags issue

This statement comes days after a UBI official said that the government is expected to announce the new name and logo of the merged bank which will become operational from April 1, 2020

Top headlines of the day: AAP set for stunning victory in Delhi election

From Google HR chief stepping down to Donald Trump India visit, Business Standard brings you the top headlines of the day

United Bank of India posts PBT of Rs 129 crore in Q3, gross NPA at 15.48%

The gross NPA of the bank as a percentage of total lending stood at 15.48 per cent

United Bank of India posts Rs 124-cr net profit in September quarter

The Kolkata-based bank had reported a net loss of Rs 883 crore in the same quarter last year

UBI profit rises to Rs 124 crore in Sep quarter on lower dud loans

The Kolkata-headquartered bank had posted a net loss of Rs 883.17 crore in the July-September period of 2018-19

PNB-UBI-OBC merger: Automated HR integration to quell staff discrimination

All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity

34 functional teams formed to smoothen process of PNB, OBC, UBI merger

The merger is scheduled to come into force from April 1 next year

Punjab National Bank board approves amalgamation with OBC, United Bank

The government on Friday announced infusion of Rs 16,000 crore in PNB for a smooth and seamless amalgamation