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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 nationalisation.
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The FIIs were net buyers of Rs 106.82 cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. -40.42 cr, as per the provisional figures released by the NSE.
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