Union Bank

Reserve Bank imposes a penalty of Rs 8,43,000 on Union Bank

RBI fined Union Bank Rs 8.43 lakh for remittance and ATM-related lapses, as the bank appointed a new Executive Director…

November 26, 2025 19:54 IST

union bank of india, banking, banks, loans, revenue, geopolitics

Union Bank posts 12% rise in profit on lower provisions; NII down 3%

Union Bank of India posts 12% rise in Q1FY26 profit to ₹4,116 crore on lower provisions, despite a 3% dip…

July 19, 2025 20:52 IST

PSY, banking, Union Bank, stocks, market, bank of India, banks

Are PSU stocks the next bullish sector after Defence? 3 stocks to watch…

PSU banking stocks are emerging as a potential bullish sector, following a strong rally in the Defence sector after the…

June 3, 2025 05:50 IST

Union Bank of India becomes first major Indian bank to join THIS global initiative

Union Bank of India stands at the forefront of climate risk management in the Indian banking sector, becoming a signatory…

September 9, 2024 12:59 IST

Tata Power Solar Systems-Union Bank ties up

Tata Power Solar Systems, Union Bank renew partnership to offer financing solutions

Both the categories will have access to collateral-free financing options, making the transition to solar energy more accessible, Tata Power…

Updated: March 5, 2024 14:45 IST

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Union Bank PAT rises 108% y-o-y on strong loan growth

The state-owned bank witnessed an improvement in asset quality in the quarter under review.

July 21, 2023 03:15 IST

IIFL Finance, Q1FY24, quarter results, revenue, profit, EBITDA, funding, investment, loan growth, NPA, AUM, digital loans, expansion

IIFL Finance raises $175 million from HSBC, Union Bank and Bank of Baroda

IIFL Finance has raised $75 million from HSBC, $50 million from Union Bank (Sydney) and $50 million from Bank of…

July 4, 2023 08:39 IST

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Union Bank to raise up to Rs 10,100 crore via equity, debt

The bank has proposed raising up to Rs 8,000 crore in tranches, through equity through follow-on public offer, rights issue…

April 27, 2023 05:30 IST

Union Bank profit soars 107% despite increase in provisions

The bank’s pre-provisioning operating profit (PPOP) grew 30% y-o-y to Rs 6,619 crore in Q3FY23, led by an increase in…

January 21, 2023 02:30 IST

Union Bank to raise Rs 2,200 crore via bond issue

The bank’s domestic yield on advances is at 7.76% as of September 30 while its global yield on advances stands…

November 29, 2022 05:30 IST

Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal

Rest of recovery was through traditional modes such as sale of properties, one-time settlement and Debt Recovery Tribunal (DRT) resolutions.

Updated: August 1, 2022 18:26 IST

Union Bank profit rises 32% as provisions slide

The pre-provisioning operating profit (PPOP) improved by 2.7% YoY to Rs 5,448 crore, supported by non-interest income.

July 27, 2022 03:55 IST

Gross advances grew 9.6% to Rs 7.16 trillion at the end of March 2022, with gold loans, which grew over 18%, being a major driver. The lender's current and savings account (CASA) ratio rose to 36.54% in the quarter under review from 36.33% in the same quarter last year. Its total deposits rose 11.75% to Rs 10.32 trillion.

Union Bank net rises 8% on strong NII growth

The lender’s NII – the difference between interest earned and interest expended – stood at Rs 6,769 crore, up 25%…

May 14, 2022 03:00 IST

Union Bank of India to sell its 8% stake in ISARC to Dhansamridhi Finance

The stake sale is subject to obtaining requisite regulatory approvals, it said.

April 6, 2022 20:06 IST

Bank of Baroda to acquire Union Bank’s 21% stake in IndiaFirst Life

At present, according to the insurer’s website, Bank of Baroda’s stake stands at 44%, Union Bank holds 30% and Carmel…

February 12, 2022 02:00 IST

Union Bank Q3 net profit rises 49% to Rs 1,085 crore on lower provisions, NII growth

Union Bank’s gross advances grew 2.7% on year to stand at Rs 6.69 lakh crore.

February 8, 2022 00:45 IST

Sources said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline's requirements. (File/PTI)

Tata Group to get loans from SBI-led consortium for Air India

Talace Private Limited — a subsidiary of the Tata Group’s holding company Tata Sons — on October 8, 2021, won…

Updated: January 27, 2022 19:48 IST

The bank’s capital adequacy as per Basel III norms stood at 19.58% and tier-1 capital adequacy was at 18.51%, well above the regulatory requirement.

Banks say RBI policy on expected lines, flag MPC member’s dissent on accommodative stance

The RBI also “nudges” the governments at the Centre and states to cut the high indirect taxes on fuel products…

August 6, 2021 20:32 IST

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