Wednesday 11 June 2014

RBI allows United Bank to consider loan proposals

RBI allows United Bank to lend up to Rs 200 crore to a single AAA- rated PSU and corporate borrower.

The Reserve Bank of India has allowed United Bank of India to consider loan proposals up to Rs. 200 crore taking exposure to AAA rate PSUs and corporate borrowers subject to ensuring CD Ratio not beyond 70% and CRAR not below 9% as on June 30, 2014.
The stock hit an intraday high of Rs. 54.4 and intraday low of 51.75. The net turnover during the day was Rs. 9687791.

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