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United Bank of India shares zoom 12% on capital infusion by government

United Bank of India shares zoom 12% on capital infusion by government

Friday, March 17, 2017, 3:29 PM

United Bank of India shares spiked 12% intraday Friday on capital infusion by the government under its turnaround-linked capital infusion plan. "The bank has received a communication from the Central Government, on March 16, about the capital allocation of Rs 418 crore, as a part of turnaround linked capital infusion plan," the state-owned bank said in its filing.
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