Post some nifty turnaround in its operations, United Bank of India is set to go for some aggressive fundraising with an aim to shore up its capital base by Rs 1,550 crore by end of this fiscal.
Out of this, the Kolkata-based bank plans to raise about Rs 1,000 crore of equity via routes including qualified institutional placement (QIP) and balance through internal generation and debt raising, it said in a filing.