United Bank of India Update by Epic Research

United Bank of India (UBI) has been allowed by the Reserve Bank of India (RBI) to consider loan proposals up to Rs 200 crore from ‘AAA’-rated companies. This relaxation on the lending front was allowed by RBI on account of bank’s improving capital-adequacy ratio under Basel-III and its plan to raise an additional Rs 575 crore of capital shortly to shore up the capital adequacy.



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Posted in: Indian Market Tips