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UNITEDBNK
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Reputation: 559  •  Jun 6, 2021 9:08 AM

RESULTS ON THIS WEEK
07 June to 12June
·         Results on Monday – #CENTRALBK Central Bank of India, #JUBLINGREA Jubliant Ingrevia, #MRF MRF and #UNITEDBNK Union Bank of India
·         Results on Tuesday – #BAJAJHIND Bajaj Hindustan,#ENGINERSIN Engineers India, Glaxy Surfact......read more
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Reputation: 27,722  •  Sep 4, 2020 12:25 PM
Moody’s cuts long-term deposit ratings of 4 PSBs: What does it mean for the banks?
Moody’s downgraded long-term local and foreign currency deposit ratings of BoB, BoI, Canara Bank and UBI to Ba1 from Baa3 and their baseline credit assessments to b1 from ba3
Moneycontrol
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Reputation: 27,722  •  Apr 30, 2020 9:58 AM
PSB merger: Insurance companies to see stake changes over next one year
Merged PSU bank stakes in insurance companies have to be reduced to below 10 percent to avoid violation of rules. IRDAI laws say that one bank cannot be a promoter in multiple insurance companies.
Moneycontrol
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Reputation: 27,722  •  Apr 2, 2020 12:43 PM
As curtains fall on six PSU banks, old-timers walk down the memory lane with a mix of nostalgia and grief
As six Indian public sector banks (PSBs), some of which have been in existence for over a century, ceased to exist on April 1 after their amalgamation with bigger PSBs, old timers are looking back at the halcyon days of these institutions wistfully.
Moneycontrol
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Reputation: 27,722  •  Apr 2, 2020 3:03 AM
Exclusive: PNB expects Rs 5,000cr fresh slippages in Q4; COVID-19 to take a toll on asset quality, says MD&CEO Mallikarjuna Rao
PNB expects about 75 percent of the fresh slippages to come from the SME (small and medium enterprises) and retail portfolios in Q4. The scenario on loan growth and future asset quality depends on how long the COVID-19 impact will be felt on the economy
Moneycontrol
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Reputation: 27,722  •  Apr 1, 2020 6:23 AM
All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches
The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020.
Moneycontrol
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Reputation: 27,722  •  Mar 30, 2020 1:08 AM
Stocks in the news: Stocks in the news: SBI, IDBI Bank, Tata Power, Graphite, Lupin, Godawari Power, Sun Pharma
Sun Pharma | SBI | Abott India | HeidelbergCement India | Sobha and aviation stocks are in the news today.
Moneycontrol
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Reputation: 27,722  •  Mar 17, 2020 7:33 AM
Coronavirus pandemic | PSB-merger interrupted, advisories against large gatherings: Report
The banks have either put on hold or held online sessions for some planned gatherings, such as employee training and customer interface programmes.
Moneycontrol
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Reputation: 27,722  •  Mar 5, 2020 11:23 AM
Punjab National Bank announces share exchange ratio for merger with Oriental Bank, United Bank
The bank also said the board has fixed March 25 as the date for issuing and allotting its equity shares to the shareholders of the two other banks.
Moneycontrol
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Reputation: 27,722  •  Mar 4, 2020 1:03 AM
Dept of Economic Affairs working on regulatory clearances needed for cos to list abroad
For tapping foreign investors, Indian firms take the American Depository Receipt (ADR) or the GDR route.
Moneycontrol
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Reputation: 27,722  •  Feb 20, 2020 4:43 AM
'Long association with Bengal': UBI stakeholders fear losing identity with merger
The Centre has announced that the Punjab National Bank (PNB), the UBI and the Oriental Bank of Commerce (OBC) will be merged to create the second-largest lender in the country after the State Bank of India (SBI).
Moneycontrol
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Reputation: 27,722  •  Feb 7, 2020 5:33 AM
United Bank Standalone December 2019 Net Interest Income (NII) at Rs 819.43 crore, up 115.62% Y-o-Y
Moneycontrol
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Reputation: 27,722  •  Feb 6, 2020 1:23 AM
United Bank clocks Rs 114cr profit in Q3 as bad loan provisioning dwindles
Net interest margin increased to 2.98 per cent during the quarter, the bank said, adding it showed an improvement of 98 basis points over 2 per cent in the third quarter of 2018-19.
Moneycontrol
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Reputation: 27,722  •  Feb 5, 2020 6:23 AM
Cabinet may approve merger of 10 state-run banks into 4 today
The government had announced the proposal to merge the state-run lenders on August 30, 2019.
Moneycontrol
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Reputation: 27,722  •  Jan 28, 2020 3:53 AM
IRDAI issues guidelines to protect interest of policyholders of merged banks
IRDAI said the guidelines have been issued in order to protect the interests of the group insurance policyholders of the merged banks.
Moneycontrol
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Reputation: 27,722  •  Oct 15, 2019 3:43 AM
September Qtr earnings: 10 stocks which are likely to report losses in Q2FY20
Pharma, Agri inputs, FMCG including, Food & beverages, IT, Paper & packaging are some of the sectors which are expected to do better comparatively
Moneycontrol
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Reputation: 27,722  •  Oct 14, 2019 3:33 AM
More than 100 stocks fell 10-50% from September 20; time to buy?
Most of the stocks in BSE 500 index have wiped off the gains since September 20 on the backdrop of renewed fear of corporate defaults, PMC crisis & Q2 earnings.
Moneycontrol
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Reputation: 27,722  •  Sep 15, 2019 6:58 AM
Banking wrap: RBI issues draft norms for SFB licensing; govt asks lenders to use NCLT as last resort
Weekly wrap: RBI's new loan pricing norm may put banks in a fix, NBFCs' outlook remains grim and a checklist for customers of merging PSBs
Moneycontrol
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Reputation: 27,722  •  Sep 11, 2019 2:38 AM
New business verticals, foreign transfers in store for merging bank employees: PNB
PNB has identified 23 internal working groups and will soon float Request for Proposals (RFPs) to appoint a consultant for restructuring products and services that are best-suited for the customers of the merged entity.
Moneycontrol
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Reputation: 27,722  •  Sep 10, 2019 11:28 AM
Explained: Here's a checklist to track if your bank is getting merged
Punjab National Bank, Union Bank of India, Canara Bank and Indian Bank are the anchor banks and customers of these banks will not be affected.
Moneycontrol
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Reputation: 27,722  •  Sep 5, 2019 7:53 AM
PNB board approves amalgamation with OBC, United Bank
The board meeting held on Thursday followed the finance ministry asking the three banks to consider the proposal of amalgamation, PNB said in a regulatory filing.
Moneycontrol
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Reputation: 27,722  •  Sep 5, 2019 3:28 AM
United Bank falls 3% on deferring amalgamation talks with PNB
The share touched its 52-week high Rs 13.25 and 52-week low Rs 9.05 on 01 January, 2019 and 08 October, 2018, respectively.
Moneycontrol
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Reputation: 27,722  •  Sep 4, 2019 9:08 AM
Bank mergers: Here is how the insurance JVs and policy holders will be impacted
In cases where one bank promotes two insurers in same category post merger, the companies will either have to be merged or sold
Moneycontrol
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Reputation: 27,722  •  Sep 3, 2019 8:23 AM
Expect net NPA of combined entity to be below 6% before March 31: PNB MD Sunil Mehta
"Merger won't lead to retrenchment employees," Mehta said.
Moneycontrol
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Reputation: 27,722  •  Sep 3, 2019 7:48 AM
After big bang PSU banks merger, what should investors do and which stocks to buy?
Abhimanyu Sofat of IIFL Securities said merger of relatively better run Indian Bank with Allahabad Bank is disappointing.
Moneycontrol
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Reputation: 27,722  •  Sep 3, 2019 5:08 AM
Govt asks state-run bank heads to reform boards
The department has directed banks to form risk management committees, and to combine their remuneration and nomination committees
Moneycontrol
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Reputation: 27,722  •  Sep 3, 2019 1:18 AM
Stocks in the news: Tata Motors, Maruti Suzuki, SPML Infra, PNB, Canara Bank
Karnataka Bank | PNB | Divis Lab | JSW Steel | M&M and Coffee Day Enterprises are the stocks, which are in news today.
Moneycontrol
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Reputation: 27,722  •  Aug 31, 2019 1:38 AM
Policy Play | Will the PSU bank merger achieve its desired objective?
The banks being merged have been losing deposit and credit market share and any improvement in the near term is unlikely
Moneycontrol
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Reputation: 27,722  •  Aug 30, 2019 12:43 PM
Bank mergers: The implications and what brought it about
Merging weaker banks with stronger ones will erect a protective ring for depositors and shareholders.
Moneycontrol
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Reputation: 27,722  •  Aug 30, 2019 12:23 PM
Analysts give thumbs up to mega merger of public sector banks
The consolidation will bring down the total number of public sector banks to 12 from 27.
Moneycontrol
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Reputation: 27,722  •  Aug 30, 2019 11:48 AM
Canara Bank merger with Syndicate Bank to create 4th largest PSB
The number of public sector banks will be 12, down from 27 in 2017 after this announcement.
Moneycontrol
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Reputation: 27,722  •  Aug 30, 2019 11:33 AM
Punjab National Bank to merge with OBC, United Bank to form India's 2nd largest PSB
The consolidated bank will have the second largest branch network in India hereafter, with 11,437 branches.
Moneycontrol
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Reputation: 27,722  •  Aug 19, 2019 2:58 AM
United Bank of India targets Rs 1,000 cr net profit in FY20
The bank managed to be in the black in the fourth quarter of the last fiscal by posting a bottomline of Rs 95 crore, after reporting losses for seven straight quarters. In the April-June period, too, it achieved a net profit of Rs 105 crore.
Moneycontrol
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Reputation: 27,722  •  Aug 5, 2019 3:33 AM
RBI slaps fines on 11 banks for delay in reporting fraud
PNB and Oriental Bank of Commerce, in an exchange filing on August 3, said that the penalty was relating to the account of Kingfisher Airlines.
www.moneycontrol.com
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Reputation: 27,722  •  Aug 5, 2019 1:13 AM
Stocks in the news: ITC, RIL, Nestle, NIIT, Coffee Day, DHFL, Union Bank, Bata India, JK Cement
Nestle India | NIIT | Coffee Day Enterprises | DHFL | Union Bank | Bata India and JK Cement are stocks which are in the news today.
www.moneycontrol.com
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Reputation: 27,722  •  Jul 30, 2019 11:28 AM
United Bank of India posts Rs 105 cr profit in Q1 as NPAs decline
Total income in the first quarter rose to Rs 3,003.13 crore from Rs 2,549.71 crore in the year-ago quarter, United Bank of India said in a regulatory filing.
moneycontrol.com
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Reputation: 27,722  •  Jul 30, 2019 8:43 AM
United Bank Standalone June 2019 Net Interest Income (NII) at Rs 727.47 crore, up 33.41% Y-o-Y
moneycontrol.com
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Reputation: 27,722  •  Jun 17, 2019 5:23 AM
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Reputation: 27,722  •  Jun 17, 2019 1:13 AM
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Reputation: 27,722  •  Jun 16, 2019 12:58 PM
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Reputation: 27,722  •  Jun 4, 2019 4:38 AM
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Reputation: 27,722  •  May 21, 2019 10:03 AM
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Reputation: 27,722  •  Mar 12, 2019 6:37 AM
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Reputation: 27,722  •  Mar 4, 2019 1:42 AM
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Reputation: 27,722  •  Mar 1, 2019 2:32 AM
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Reputation: 27,722  •  Feb 20, 2019 6:42 AM
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Reputation: 27,722  •  Feb 12, 2019 1:42 AM
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Reputation: 27,722  •  Feb 6, 2019 9:42 AM
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Reputation: 27,722  •  Feb 6, 2019 4:42 AM
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Reputation: 27,722  •  Feb 5, 2019 2:42 AM
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