Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
Mallya is separately fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crore
Central Bank of India's 21.5 per cent assets are either bad or have been restructured.
Finance Minister P Chidambaram on Wednesday asked banks to advance more credit to farmers, entrepreneurs and the government for supporting economic growth.
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
"Overheating is premature," Chidambaram told reporters on the sidelines of a United Bank of India programme in Kolkata.
The Reserve Bank has asked the public to pay their income tax dues well in advance so as to avoid standing in long queues and stated that 29 agency banks are also authorised to accept such payments.
While Raghunathan is a named accused in the CBI's case registered in October last year, Nedungadi had resigned recently from the post of CFO of the UB group.
PNB reported the maximum number of such frauds.
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
United Bank of India has asked Vijay Mallya and three other directors of grounded Kingfisher Airlines to appear before a panel of the bank at the head office in Kolkata on July 9.
While the formation of a holding company will not outright privatise State-owned banks, officials believe it will help the Centre deflect criticism arising out of the latest banking scams.
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Oil and Natural Gas Corporation, Hindalco Industries, Tata Steel and Vedanta were down up to 70 per cent below their one-year highs.
The combined market capitalisation of the 21 listed PSU banks declined by about Rs 76,000 crore to Rs 425,800 crore during the month.
The objections were filed after Airbus failed to repay Rs 196 crore, availed by the aircraft-making company on behalf of Mallya-controlled Kingfisher Airlines
Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
The mergers will not involve any cash but only share swaps
Rajan sees banks passing on the benefit of lower rates regime to customers.
The United Bank of India on Tuesday said it was planning to open 12 new branches, including one each in Bangladesh and Burma.
Having turned around by posting profits for the last three years, United Bank of India is mulling returning the government capital worth Rs 800 crore and said there was no financial compulsion for it to go for an initial public offer.
The two-day nationwide strike called by central trade unions to protest the Centre's alleged anti-worker policies evoked mixed response all over country on Tuesday.
The move will have cascading effects for lot of related sectors
The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
United Bank of India on Tuesday said it has reduced the interest rate on its education loan upto Rs 200,000 from ten per cent to nine per cent effective May 1.
Mid-cap and small-cap stocks on the BSE were on the buyers' radar on Tuesday as investors booked profits in large-cap shares and the benchmark Sensex fell 264.57 points from a record close.
This is the first tranche of capital infusion for the fiscal and more funds would be provided in future depending upon the performance of PSU banks.
The United Bank of India has decided to reduce by 25 to 50 basis points the interest rates on domestic term deposits of various tenures which would come into effect from December 8.
United Bank of India on Friday said it had decided to bring down interest rates on domestic term deposits of various tenures by 25 to 50 basis points with effect from Saturday.
