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17
March 2017
State-run
United Bank of India on Friday said the central government will infuse Rs 418
crore capital in the bank as a part of turnaround-linked capital infusion plan.
"The
exchange (Bombay Stock Exchange) is hereby informed that the bank has received
a communication from the central government...informing inter alia capital
allocation of Rs 418 crore as a part of turnaround-linked capital infusion
plan," the lender said in a filing to the BSE.
Last
September, the bank had received Rs 608 crore from the central government
through preferential allotment of equity shares following the announcement of
capital infusion of Rs 22,915 crore towards the recapitalisation of 13 public
sector banks during 2016-17.The Total
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