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.
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
United Bank of India has drawn up plans to float an initial public offer in December this year, bank chairman and managing director S C Gupta said on Monday. The government had already approved the capital restructuring exercise of the bank, he said on the sidelines of the Ficci Banking Conclave in Kolkata.
PNB reported the maximum number of such frauds.
The mergers will not involve any cash but only share swaps
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.
Move to help India Inc access funds in the absence of foreign funds.
More steps are necessary to accelerate speed.
The appointments in 2009-10 would include the CMDs of Syndicate Bank, Bank of India and United Bank of India, sources said. These appointments will be there because of vacancy arising on account of superannuation of the existing chiefs, sources said.
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
The move will have cascading effects for lot of related sectors
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
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.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
The government on Monday approved restructuring of state-owned United Bank of India's capital, which includes reduction in paid-up equity by over 80 per cent to improve its financial parameters.
Jaitley also asked banks to take steps to ensure smooth credit flow to projects.
Two public sector banks, Union Bank of India and United Bank of India (UBI), on Monday cut lending rates by 25-50 basis points (bps) ahead of Finance Minister P Chidambaram's meeting with PSU bank chiefs.
Oil and Natural Gas Corporation, Hindalco Industries, Tata Steel and Vedanta were down up to 70 per cent below their one-year highs.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner
Raghuram Rajan on Tuesday said the central bank cannot ask them to lower the rates.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
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 vertical will be based out of Bengaluru.
If struggling with dealing with queues of people asking for new notes wasn't enough, banks are now facing the challenge of storing the old notes in their strong rooms.
Banks have approached Reserve Bank of India with a proposal for allowing them to provide doorstep cash delivery services to individual customers.
Bankers believe rates will remain high in near future.
Three Pakistani banks, including Habib Bank, National Bank of Pakistan and United Bank, have expressed interest in opening branches in India.
Finance Minister P Chidambaram on Wednesday asked banks to advance more credit to farmers, entrepreneurs and the government for supporting economic growth.
Rajan sees banks passing on the benefit of lower rates regime to customers.
Sources at the bank told Business Standard that talks were on with 2-3 vendors and the final decision is expected in the next 2-3 weeks.
"Overheating is premature," Chidambaram told reporters on the sidelines of a United Bank of India programme in Kolkata.
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.
The Reserve Bank of India has recommended the names of State Bank of India and Bank of India to its Pakistani counterpart for allowing them to open of branches in that country.
12 out of 21 public sector banks reported declines in their loan books in the last financial year against seven such banks in 2015-16 and none in 2013-14.
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.
Recently, United Bank of India declared Kingfisher Airlines as well as some three of its directors as wilful defaulters.
Business houses expect rate cut in next RBI policy.
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