Business »  Topic »  United Bank plans to raise Rs 3,000 crore via preferential allotment

United Bank plans to raise Rs 3,000 crore via preferential allotment


In that meeting, the bank will also consider the proposed amalgamation of United Bank of India and Oriental Bank of Commerce with Punjab National Bank.

Three-month MCLR will come down to 8.25% from 8.30%. (PTI)

United Bank of India is planning to raise equity capital, in one or more tranches, up to Rs 3,000 crore by way of preferential allotment of equity shares. In a stock market filing on Friday, the bank said a meeting has been scheduled on September 18 to inter alia consider raising of the equity capital by way of preferential allotment of equity ...


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