trending Market Intelligence /marketintelligence/en/news-insights/trending/aybdqbhphz_uoyrjdl6bfq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Indian government to infuse 8.1B rupees into United Bank of India

State Of Indonesian Online Video: Subscription

Virtual Multichannel Revenues Projected To Soar In Next Five Years

Street Talk Episode 45 - Fed Moving From Rate Hikes To Lower For Longer

Consumer Engagement Remains Challenging For OTT Players In Asia


Indian government to infuse 8.1B rupees into United Bank of India

United Bank ofIndia said the Indian government decided to infuse 8.1 billionrupees into the lender via a preferential allotment.

The bank said July 20 that 6.08 billion rupees of the totalhas been allocated for infusion with immediate effect, while the remainder willbe infused by the end of 2016, based on the lender's performance againstprescribed benchmark activities. The capital will be injected viapreferential allotment of equity.

The announcement came after the Indian government recentlysaid it would inject229.15 billion rupees into 13 public sector banks to help them meet theircapital needs.

As of July 21, US$1was equivalent to 67.16 Indian rupees.