United Bank of India RBI

I am working in United Bank of India (UBI) and want to know about RBI lifts lending curbs on United Bank of India so please give me detailed information about this? Also tell me about Reserve Bank of India (RBI) lifted lending restrictions put on United Bank of India?

Hell sir, how many percentages are provided by RBI for United bank of India Savings (Taxable) Bonds? Please give me info for Savings (Taxable) Bonds in United bank of India by RBI?

[pooja]

The Reserve bank of India is provides 8% Savings (Taxable) Bonds. Applications for the Bonds may be made in Form A or in any other form as near as thereto stating clearly the amount and the full name and address of the applicant.

The Reserve Bank of India has imposed certain restrictions on Bank of India and United Bank of IndiaNSE -0.39 % due to sharp rise in nonperforming loans and erosion in capital.

Both banks said that RBI triggered prompt corrective action (PCA) wherein the regulator monitors their performance.

UBIs was share price closed at Rs 17.35 on BSE Wednesday, 38% lower than its 52-week high of Rs 28.05.


Account open : 25-30 minutes
For deposit:10-12 minutes
A/C closure : 25-30 minutes Subject to fulfillment of formalities.

Savings (Taxable) Bonds in United bank of India by RBI:



United bank of India Service:

All priority Sector Loans, upto a credit limit of Rs.5.00 lac
All priority sector loans for over Rs.5.00 lac
For MSE Loans upto Rs.5.00 lac
For MSE loans above Rs.5.00 lac
For other loans by Branch Manager
Other Loans by Regional Manager
For other loans by General Manager/ED/CMD
Other Loans by MCBOD