Last 39.30 INR
Change Today +0.15 / 0.38%
Volume 146.8K
UNTDB On Other Exchanges
Natl India
As of 6:06 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

united bank of india (UNTDB) Snapshot

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07/4/14 - 61.75
52 Week Low
02/21/14 - 23.40
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Current Stock Chart for UNITED BANK OF INDIA (UNTDB)

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united bank of india (UNTDB) Details

United Bank of India provides various banking products and services in India. The company operates in two segments, Treasury Operations and Banking Operations. Its deposit products include savings growth and income plans, savings schemes, fixed deposits, re-investment plans, current and flexi deposit schemes, recurring deposits, SB accounts, capital gain accounts schemes, savings bank accounts, children savings accounts, current deposit accounts, and gold and platinum current deposit schemes. The company also provides loan products comprising housing loans, smart loans, personal loans, demand loans, car loans, consumer loans, education loans, trade credit products, mortgage loans, cash rentals, reverse mortgage loans, salary payments overdrafts, and gold loans, as well as offers ATM-finance and safe deposit lockers. In addition, it provides corporate banking products and services, such as term loans, working capital finance products, corporate loans, and export credit products; and cash management and remittances services. Further, the company offers various products and services for non-resident Indians; foreign exchange operations services; and telephone and Internet banking services. Additionally, it collects direct taxes, including corporation tax, income tax, wealth tax, gift tax, fringe benefit tax, etc.; and indirect taxes comprising central excise duty, and customs and service tax, as well as pays pension payments and offers public provident fund schemes. The company also provides mutual funds, and life and non-life insurance products, as well as offers financial advisory services. As of March 31, 2014, it operated 2001 branches. United Bank of India was founded in 1918 and is headquartered in Kolkata, India.

16,499 Employees
Last Reported Date: 05/29/14
Founded in 1918

united bank of india (UNTDB) Top Compensated Officers

Interim Head, Executive Director, Member of S...
Total Annual Compensation: 2.0M
Interim Head, Executive Director, Member of A...
Total Annual Compensation: 1.9M
Compensation as of Fiscal Year 2014.

united bank of india (UNTDB) Key Developments

Government To Divest Stake In State-Owned Banks

The government of India is planning to reduce its stake in state-owned banks. Arun Jaitley, Finance Minister of India, said in the Parliament that the government is looking to reduce its stake in state-owned banks to 52% in a phased manner." Jaitley said in written reply in the Rajya Sabha, "A proposal for allowing public sector banks (PSBs) to raise capital from public market by diluting Government of India holding up to 52% in phased manner is under consideration." There is as yet no timeline on when the centre will divest stakes in these banks. The government is planning to reduce 6.9% stake in Allahabad Bank (BSE:532480), 8.14% stake in Andhra Bank (BSE:532418), 4.26% stake in Bank of Baroda (BSE:532134), 14.7% stake in Bank of India (BSE:532149), 27.8% stake in Bank of Maharashtra (BSE:532525), 17% stake in Canara Bank Limited (BSE:532483), 32.2% stake in Central Bank of India (BSE:532885), 11.33% stake in Corporation Bank (BSE:532179), 6% stake in Dena Bank Ltd. (BSE:532121), 29.51% stake in Indian Bank (BSE:532814), 21.8% stake in Indian Overseas Bank (BSE:532388), 7.13% stake in Oriental Bank of Commerce (BSE:500315), 6.87% stake in Punjab National Bank (BSE:532461), 27.62% stake in Punjab and Sind Bank (BSE:533295), 15.39% stake in Syndicate Bank Limited (BSE:532276), 8.47% stake in Union Bank of India (BSE:532477), 26.92% stake in United Bank of India (BSE:533171), 25.2% stake in UCO Bank (BSE:532505), 22.06% stake in Vijaya Bank Ltd. (BSE:532401), 24.5% stake in IDBI Bank Limited (BSE:500116), 6.6% stake in State Bank of India (BSE:500112), 23.07% stake in State Bank of Bikaner & Jaipur (BSE:501061), 38% stake in State Bank of Mysore (BSE:532200), and 26.91% stake in State Bank of Travancore (BSE:532191).

United Bank of India Announces Board Changes

United Bank of India announced that Sri. Ashok Kumar Dogra, Deputy Secretary, Department of Financial Services, Ministry of Finance has been nominated as the Govt. Nominee Director of the Bank in place of Sri. Mihir Kumar, Director. Further the Bank announced that, Sri. Kiran B. Vadodaria, Part-time Non-official Director who was also a member of the Audit Committee of the Board of Directors has vacated office upon completion of his tenure on November 27, 2014.

United Bank of India Announces Possible Bank Strike on November 12, 2014

United Bank of India has announced that the Bank is informed by Indian Banks’s Association that United Forum of Bank Unions has served a notice of strike, informing their decision to go on one day's strike on November 12, 2014 and Relay Zonal Strikes from December 02, 2014 to December 05, 2014 demanding immediate settlement of wage revision. If the strike materializes, a certain section of the Bank’s employees may participate in the strike and the normal banking services may get disrupted. The Bank is taking all the necessary steps in terms of the existing guidelines to deal with the strike in the event the same materializes.


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