The bank board has approved the proposal for an IPO earlier this week.
The MFI has further expanded its presence in Rajasthan and Gujarat in July.
The bank had posted a net loss of Rs 1,944.37 crore in the year-ago period.
This is part of the bank's plan to raise up to Rs 4,000 crore this fiscal to propel business growth.
UBI Managing Director Ashok Kumar Pradhan has said that the bank had Rs 90 crore exposure to Visa Power, which defaulted a total of Rs 3600 crore of bank loans.
Company's net profit grew 11 per cent at Rs 285 crore in the June quarter against Rs 256 crore in the year ago period
PNB Housing Finance Limited has raised $100 million from the International Finance Corporation to finance affordable housing projects and support the government's Housing for All by 2022 vision.
Das also called for better understanding of the nature of shocks which emerging economies face.
The funds raised will be used for further growth, manage our medium-term funding and liability mix.
Microloan rates will remain elevated compared with other segments.
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