Page 24 - Banking Finance December 2016

PRESS RELEASE

10.88% with the Tier 1 capital at 8.75% as on 30the Sep- will be implemented in the name and style "United
tember, 2016. The Bank's Capital Adequacy Ratio was at Kaushal Rin Yojna" which will replace the existing
11.23% (as per Basel II) as of September 30, 2016. Its Tier Scheme for Vocational Education and training.
1 was maintained at the level of 8.12%.
2. Bank has introduced two products Voice OTP & Mini
Key Financial Rations Statement on missed call for customer convenience.

The NIM of the Bank is 1.27% 3. Tie-up between United Bank of India and TVS Motor
The cost to Income Ratio of the Bank is 57.92% Company for financing three wheelers and giving boost
to MSE sector.
In annualized terms, the Bank's Return on Equity (%)
stood at 3.00%. 4. Implementation of "Stand Up India" Scheme which is
The Return on Average Assets 0.13% for Q2 of FY: 2016- one of the flagship programmes of Government of In-
17. dia.

Key Strategic Initiatives 5. Implementation of "Urban Financial Inclusion".
1. Bank has approved new Skill Loan Scheme. The Scheme 6. Launch of Unified Payment Interface (UPI).

United Bank of India Observes Vigilance Awareness Week and
National Unity Day

Pursuant to the programme launched by Central Vigilance Commission, the Vigilance Awareness Week for this year is
being observed by United Bank of India
from 31st October'16 to 5th November
16. As part of this programme, Shri
Pawan Bajaj, Managing Director & CEO
has administered the "Integrity
Pledge" to all General Managers, Se-
nior executives and other employees at
Head Office, Kolkata on 31.10.2016.
The Chief Vigilance Officer Mr Arun
Kumar Verma informed that this year
the theme of Vigilance Awareness
Week is "Public Participation in promot-
ing Integrity and eradicating Corrup-
tion". He further informed that Bank's
employees, their relatives and custom-
ers may sign e-integrity by visiting
Shri Pawan Bajaj, Managing Director & CEO, United Bank of India, administering Bank's Website.
Pledge to all
All the Regions/Offices/Branches of the
Bank also observing the week and took the Integrity Pledge. United Bank of India took up various activities to sensitize
staff members and general public during the vigilance awareness week. These included display of banners/posters at
branches/offices and organizing various competitions on moral values, ethics, good governance practices.
All the Regional Offices / Branches / Offices of the Bank also organized a pledge taking ceremony to mark the occasion of
Rashtriya Ekta Diwas (National Unity Day) on 31st October, 2016 to commemorate the birth anniversary of Sardar
Vallabhbhai Patel. Shri K.V. Rama Moorthy, Executive Director, administered the pledge to the employees at Head Office.
The Occasion provides an opportunity to re affirm the inherent strength and resilience of our Nation to withstand the
actual and potential threats to the Unity, Integrity and Security of our Country.

24 | 2016 | DECEMBER | BANKING FINANCE

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