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CARE upholds A1+ rating on CD programme of United Bank of India.

Europe Intelligence Wire

| July 29, 2011 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Banking and Credit News)

BANKING AND CREDIT NEWS-July 29, 2011--CARE upholds A1+ rating on CD programme of United Bank of India (C)2011 M2 COMMUNICATIONS http://www.m2.com

29 July 2011 - Indian credit rating agency CARE reaffirmed Friday its A1+ rating on United Bank of India's (BOM:533171) INR200bn (USD4.5bn/EUR3.2bn) CD programme, citing the bank's improved results. United Bank of India's total income …

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