Financial Daily from THE HINDU group of publications
Wednesday, Aug 31, 2005

Port Info

Group Sites

Money & Banking - Bonus Announcements
Markets - Rights Issue

United Western Bank announces 1:5 bonus

Our Bureau

Mumbai , Aug 30

THE Satara-based United Western Bank has declared bonus share issue in the ratio of 1:5 and rights issue in the ratio of 1:2.

The board of directors approved the bonus and rights issues on August 26, a press release from the bank said. In the last two-three years, United Western Bank has posted sustained growth in its business levels, which have crossed Rs 10,000 crore. The Bank has networked 170 branches spread over 100 cities to provide anywhere banking services.

The bank's network of over 65 ATMs is linked to National Financial Switch, which enables the cardholders to avail of ATM services at over 5,000 ATMs across the country.

The bank has also tied-up with New India Assurance Company and with Western Union Money Transfer for overseas remittances.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`State Bank, PNB, LIC interested in pension fund management'

Fuel prices: Petty bourgeoisie politics?
Rupee breaches 44 mark vs dollar
SBT implements core banking
Govt market borrowings likely to be much higher
Karnataka Bank in pact for ATM connectivity
Corporation Bank to set up high-tech library in Mangalore
Canara Bank's ATM in Mangalore
Exim Bank line of credit to Chad, Congo, Ghana
Bank deposit rates need to be raised: Rangarajan
Karnataka Bank hikes rates on 3-year deposits
SBI to buy 2 banks in Asia, Africa region — Deal to be finalised in 6-8 weeks
`PSB mergers cannot be put off for too long'
United Western Bank announces 1:5 bonus

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line