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United Bank of India plans to raise up to Rs 1000 crore

United Bank of India is planning to raise up to Rs 1000 crore through various options. The board of directors of the Bank in their meeting, scheduled to be held on May 18, 2017, will consider the same.

United Bank of India is one of the 14 major banks, which were nationalized on July 19, 1969. After nationalization, the Bank expanded its branch network in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalization.

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