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Kolkata, July 28  
United Bank raises Rs 300 cr by selling shares to LIC
State–owned United Bank of India has raised around Rs 300 crore by selling shares to the Life Insurance Corporation of India on a preferential basis. ”The bank has received Rs 299.99 cror... »
Monday, July 28, 2014
Preferential Allotment of 8.45 crore equity shares aggregating to Rs. 300 crore
United Bank of India has informed BSE that the Bank has received Rs.299,99,99,991/- from Life Insurance Corporation of India and completed the preferential allotment of 8,45,07,042 equity shares of... »
New Delhi, July 28  
No proposal for merger of United Bank with IDBI Bank: Officials
State-owned IDBI Bank today said it is not considering any proposal to merge Kolkata-based United Bank of India with itself. “We confirm that so far no proposal for merger of United Bank... »

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PUDUCHERRY, 29/03/2013: One of the financial inclusion beneficiaries using the rural banking system, at Pillayarkuppam, in Puducherry. Photo: T. Singaravelou
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