Epic Research Update : United Bank of India

United Bank of India’s Board of directors has approved by circulation for raising Tier-I capital up to Rs 1000 crore. The funds will be raised by Issuance of Unsecured Perpetual Basel- III compliant Additional Tier 1 Bonds in the form of Promissory Notes of Rs 10.00 lakh each on private placement basis to the eligible institutions for inclusion in Tier-1 Capital in one or more tranches.


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