United Bank of India has decided to reduce the base rate from 10.50% to 10.25% w.e.f. Mar. 24, 2014.

The stock had underperformed the market over the past one month till Mar. 14, 2014, falling 19.74% compared with the Sensex's 7.08% rise.

It underperformed the market in past one quarter, declining 14.14% as against 5.28% rise in the Sensex.

Shares of the bank declined Rs 0.15, or 0.55%, to trade at Rs 26.95. The total volume of shares traded was 48,177 at the BSE (Friday).