Nobody in the banking industry knows the answer—not even the employees of United Bank of India where she was the chairperson and managing director. Archana…
The capital problem of Indian banks
United Bank of India will not be able to expand its loan book till fresh capital is infused as its capital adequacy ratio has dropped…
Head to Ahmedabad to exchange pre-2005 notes
Do you have too many currency notes stuffed in your mattress that were issued before 2005 and would not like to reveal your identity while…
Finmin seeks interim payment from RBI to contain fiscal deficit
Mumbai: The finance ministry is negotiating with the Reserve Bank of India (RBI) for an interim payment or transfer of surplus of the Indian central…
Don’t expect RBI to let its guard down on retail inflation data
Mumbai: Retail inflation in January slowed to a two-year low of 8.79%, sharply down from 9.87% in December and 11.24% in November, mainly because of…
How bad are bad assets of banks?
State-run United Bank of India on Friday reported a Rs.1,238.08 crore net loss in the December quarter after setting aside Rs.1,857.83 crore to provide for…
The bank that begins with ‘U’ needs your money to survive
United Bank of India crossed a milestone of Rs.2 trillion of business (that is deposits and advances—an Indian way of calculating “total business”) in September…
Why we need PSU bank reforms
Foreign investors gave a cold shoulder to State Bank of India’s Rs.8,000 crore mega share sale last week. Had Life Insurance Corp. of India not…