United Bank Of India
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Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless
Fp Staff •Experts said bank merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence.
Despite coronavirus lockdown, merger of 10 PSU banks to come into effect from 1 April as planned, says RBI
Trendingdesk •The RBI has revealed that the scheme of merging 10 PSU banks into four bigger lenders is on schedule despite the country-wide coronavirus lockdown and will come into force from 1 April, 2020
PNB unveils new logo; lender merges United Bank of India, OBC with it, with effect from 1 April
•Punjab National Bank (PNB) has unveiled a new logo as it merges the United Bank of India and OBC with it, with effect from 1 April
10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
•The Union Cabinet on Wednesday had okayed the amalgamation of 10 public sector banks to create four large state-owned lenders with effect from 1 April, 2020
United Bank clocks Rs 114 cr profit in Q3 as bad loan provisioning dwindles; net interest income higher at Rs 819.43 cr
•Total income in the quarter under review increased to Rs 2,971.38 crore from Rs 2,846.23 crore in the same period of 2018-19, United Bank of India said in a regulatory filing.
PSU bank consolidation: PNB, Union Bank get in-principle nod from govt for proposed merger
•Punjab National Bank and Union Bank of India on Monday said they have received in-principal approval from the government for their amalgamation with other public sector banks
PNB, UBI, OBC merger: Outside expert may be roped in to decide logo of new merged entity
•The proposed merger, expected to be effective from 1 April next year, will lead to the creation of the country's second-largest lender after State Bank of India, with a total business volume of about Rs 18 lakh crore
Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
•The complete harmonisation among the three entities would take another 12 to 14 months after the merger
RBI places Lakshmi Vilas Bank under prompt corrective action; directors probed for alleged fraud
•The Lakshmi Vilas Bank on Saturday received shareholders' approval to raise up to Rs 1,000 crore by issuance of securities
PNB board approves amalgamation with OBC, United Bank; clears capital infusion of up to Rs 18,000 cr by govt
•The board of Punjab National Bank (PNB) has given in-principle approval for amalgamation of Oriental Bank of Commerce and United Bank of India with PNB