Union Bank of India first PSU bank to announce capital infusion by government

United Bank of India became the first of the country’s ailing state-run banks to announce a new cash injection from the government, disclosing in a filing that it will receive 21.6 billion rupees ($308 million) to improve its capital ratios.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLe7I9