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About 1249 results for "state bank of india and united bank o..."

United Bank plans to put up Rs 400-cr bad loans for sale
Financial Express

United Bank plans to put up Rs 400-cr bad loans for sale

Crisis-hit United Bank of India will put R400 crore of bad loans on the block during the first quarter of this fiscal to improve its balance sheet after its plan to sell some of its huge non-performing assets to asset reconstruction companies (ARCs) ... Financial Express, 5 days ago

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Xinhua News Agency, 5 days ago
The Hindu, 18 hours ago
The Hindu, 5 days ago, 1 week ago
Money Today, 1 week ago
Rajasthan Patrika, 1 week ago
NDTV Profit, 1 week ago
Sify, 1 week ago
Business Standard India, 1 week ago, 1 day ago
Times of Oman

India for global monetary coordination, safety net

Washington: The head of India's central bank has run into a wall of resistance when he urged some counterparts in developed economies to more formally consider the effects their domestic stimulus has on emerging markets. Alongside central bankers ...
 Times of Oman5 days ago Cool reception for Raghuram Rajan urging global cooperation  The Financial Chronicle5 days ago Cool reception for India central banker urging global cooperation  Reuters6 days ago India has potential to be developed by 2030  Meri News1 week ago

United Bank's massive rise in bad loans has baffled analysts

The crisis at Kolkata-based lender United Bank of India (UBI) appears to have baffled analysts, as there were no red flags that could have warned investors of the stress in the lender’s portfolio. The public sector bank (PSB) is struggling with mounting losses, deteriorating asset quality and low capital adequacy ratio. With a massive rise in bad loans over the last two quarters, its capital adequacy ratio declined to 9.01 per cent according to Basel-III norms.  Three analysts ...
 Rediff.com1 month ago UBI board meets, discusses ways to cut bad loans  Rediff.com1 month ago Reserve Bank to enforce strict regime on United Bank  Rediff.com1 month ago Road ahead for UBI: RBI calls for more capital, skip dividend payment  Business Standard1 month ago

United Bank of India CMD Archana Bhargava resigns; reports of rifts on NPA classification

United Bank of India Chairperson Archana Bhargava has resigned from the state-owned lender that is being probed for misreporting bad loans. "She has taken voluntary retirement and her request has been accepted by the government," Financial Services Secretary ...
 Economic Times1 month ago United Bank chief Archana Bhargave quits amid NPAs probe  Rediff.com1 month ago United Bank of India Chairperson Archana Bhargava resigns  Business Standard1 month ago
IBN Live

UBI blames Infy tool for failing to detect NPAs

Beleaguered state-run lender United Bank of India on Wednesday publicly blamed deficiencies in Infosys’s Finacle software for failing to identify non-performing assets in its small-loan accounts, a charge promptly dismissed by the software major. While a recent audit by the Reserve Bank of India revealed the bank had followed a lax credit-appraisal process, which led to loans turning into non-performing assets, UBI clarified there was no intentional intervention to conceal bad loans. It ...
 Rediff.com1 month ago United Bank blames Infosys software for wrong NPA entries  Business Standard1 month ago

UBI's losses may test India's approach to Basel III, warns Fitch

Fitch Ratings today warned that recent losses incurred by United Bank of India (UBI) may result in the state-run lender's capital ratios falling below the regulatory minimum and test the regulator's approach to the Basel III capital rules.
 Business Standard2 months ago UBI losses could test India's approach to Basel III: Fitch  Myiris2 months ago
Business Standard

United Bank rises after reducing base rate

United Bank of India , a state-owned lender, gained on Tuesday after the bank decided to reduce the base rate from 10.50% to 10.25% from Mar. 24, 2014. Shares of the company settled at Rs 27.85, up Rs 0.85, or 3.15% at the Bombay Stock Exchange (BSE) on ...
 Myiris4 weeks ago United Bank of India cuts lending rate by 0.25 pc  The Financial Chronicle4 weeks ago US seeks strict scrutiny of World Bank lending to hydroelectric projects  Down to Earth2 months ago

United States : DTCC Names Four New Members to Board of Directors [TendersInfo (India)]

[April 03, 2014] (TendersInfo (India) Via Acquire Media NewsEdge) The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that ...
 TMC Net1 week ago MM: Telecommunications Sector Reform [TendersInfo (India)]  TMC Net5 days ago United States : IFC Helps Companies Improve Corporate Governance in Central Asia [TendersInfo (India)]  TMC Net1 week ago United States : Cypress Introduces QDR-IV SRAMs with Industry-Leading Random Transaction Rate for Next-Generation Networking Equipment [TendersInfo (India)]  TMC Net1 week ago

Tanzania,United States : TANZANIA secured $185m funding approval from WORLD BANK BOARD [TendersInfo (India)]

[April 08, 2014] (TendersInfo (India) Via Acquire Media NewsEdge) The World Bank Board of Executive Directors has given approval for two operations to facilitate Tanzania in reinforcing its capability in the management of public ...
 TMC Net1 week ago

United Bank reports Rs.2,000 crore in net recovery [Mint, New Delhi :: ]

April 09--KOLKATA -- After years of under-stating non-performing assets (NPAs), executives of United Bank of India The result: around Rs.2,000 crore in net recovery in the March quarter alone, despite so called slippages, or new loans turning ...
 BusinessWeek1 week ago United Bank reports Rs2,000 crore in net recovery  Livemint.com1 week ago
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