For Quick Alerts
For Daily Alerts

United Bank of India dips over 2% on bad debt menace

By Religare

Shares of state-controlled lender United Bank of India fell over 2 per cent in early trade on Bombay Stock Exchange (BSE) after RBI report suggests serious lapses on the credit appraisal and automated NPA detection system of the bank.

According to ET report, RBI-appointed forensic audit firm Deloitte suggests that NPAs were not being detected for past two and half to three years.

Weighed down by development, shares of bank declined as much as 2.59 per cent to trade at Rs 24.40 a piece on the BSE. In a similar fashion, shares of lender slipped 1.00 per cent to Rs 24.80 a piece on National Stock Exchange.


Meanwhile, the broader benchmark Sensex was quoting at 20,220.36, up 27.01 points or 0.13 per cent at 10:10 hours.

Dion Global Solutions Ltd.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more