United Bank of India has informed BSE that the meeting of the Board of Directors of the Bank shall be held on May 18, 2017, inter alia, to:<BR><BR>1. consider and adopt the audited financial results for the quarter and year ended March 31, 2017; and<BR><BR>2. approve raising equity capital not exceeding Rs. 1000 crores in one or more tranches during any financial year by Qualified Institutions Placement, Public Issue, Rights Issue or such other capital issue(s) under SEBI ICDR Regulations, 2009 as mentioned in the SEBI Circular dated November 30, 2015.
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