United Bank of India, a state-owned lender, witnessed a rise in share price on Thursday after after the Reserve Bank of India (RBI) eased some lending restrictions put on the lender.

Shares of the bank are trading at Rs 28.05, up Rs 1.1, or 4.08% at the Bombay Stock Exchange (BSE) on Thursday at 11:50 a.m.

The scrip has touched an intra-day high of Rs 29.35 and low of Rs 27.75. The total volume of shares traded at the BSE is 145,446.