UNITED BANK OF INDIA - Outcome of Board Meeting

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11 Feb 2016
United Bank of India has informed BSE that the Board of Directors of the Bank at its meeting held on February 11, 2016, has approved the proposal for raising Additional Tier - 1 capital under BASEL-III norms up to Rs. 1000.00cr. through issuance of Perpetual Debt Instruments in the form of subordinated, non-convertible, non-cumulative, listed, Basel-Ill compliant Additional Tier1 Bonds in the form of Debenture/ Promissory Notes of the face value of Rs. 10.00 lacs each on private placement basis for inclusion in the Additional Tier1 Capital of the Bank for the purpose of ascertaining the capital adequacy ratios.
View all announcements for UNITED BANK OF INDIA	Source: BSE India

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