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Union Bank Of India News

SIP calculator: With 50% returns, Midcap fund turns Rs 5000 SIP into Rs 3 lakh in 2.5 years – 5 points

Mutual Fund SIP calculator: A monthly SIP of Rs 5000 in the direct plan of this Union Midcap Fund would…

Updated: November 11, 2022 14:58 IST

Union Bank of India net up 21%; provisions rise 4%

The increase in provisions of Rs 4,077 crore in Q2FY23 came on the back of higher provisioning on standard assets.

Updated: October 21, 2022 13:45 IST

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Bank fraud case: CBI files chargesheet against DHFL’s former CMD Kapil Wadhawan, 74 others

The agency officials said that the DHFL loan accounts were declared non-performing assets at different points of time by lender…

October 16, 2022 13:13 IST

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Union Bank of India hikes MCLR by 15 bps

The bank has set the shorter-term MCLR in the range of 7.15-7.70% while two-year and three-year MCLR is set at…

October 13, 2022 00:45 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 of India Q1 net profit up 32% at Rs 1,558 crore on higher NII, lower bad loans

The bank had reported a standalone PAT of Rs 1,181 crore in the corresponding quarter of the preceding fiscal.

July 26, 2022 19:00 IST

“Punjab National Bank is working on multiple business use cases which can leverage on the account aggregator ecosystem and offer interesting products to its customers. This will further enhance the outreach of the bank to provide customized digital products to its customers,” Atul Kumar Goel, managing director and chief executive officer of PNB said.

PNB, 3 other PSU banks activate account aggregator system

Other than PNB, Union Bank of India, Canara Bank and Indian Bank are the three other PSU lenders who have…

July 15, 2022 00:00 IST

Buy these two stocks for gains, Nifty 50 support placed at 16445 and 16300

The immediate support for the Nifty is placed near 16445 and below that 16300 will act as major support for…

June 6, 2022 08:24 IST

Rising commodity prices push demand for bank loans

Growth in credit to industry recovered to 6.5% in February 2022 from 1% a year ago, RBI data showed

April 20, 2022 01:00 IST

“For capital infusion, private banks needed some approvals. That capital has come in and (the entity) is capitalised as per the plan. The appointment of CEO is also likely to happen anytime soon. Hopefully, we will be completing the first tranche by April end,” Rai said.

NARCL misses deadline for first tranche of NPA acquisition; Rs 50,000-crore pool of 15 assets may be transferred by April

Officials at NARCL are still in the process of carrying out due diligence of the assets that have been identified…

April 7, 2022 02:15 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

BBB recommends Alok Choudhary for SBI Managing Director post

The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar…

March 16, 2022 20:54 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

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Kotak Mahindra Bank share hits new 52-week high even as Sensex falls 500 pts; Krsnaa, Sansera at 52-week lows

BSE Sensex and Nifty 50 were languishing near the day lows on the back of sell-off in the index heavyweights…

October 21, 2021 14:57 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

The investors should also not been debarred or restrained by the Reserve Bank of India or any other regulatory authority from making investments in India.

Three PSBs – Union Bank, Bank of India and Indian Bank – to divest stakes in ASREC (India)

Interested bidders have to submit their expressions of interest by July 30. It may be extended from time to time,…

July 16, 2021 05:00 IST

Union Bank of India reports Rs 1,330-crore net as asset quality improves

The non-interest income grew 50% quarter-on-quarter (q-o-q) and 23% y-o-y to Rs 4,551 crore, mainly on account of recovery in…

June 8, 2021 04:30 IST

PNB, MRF, Mrs Bectors Food, HDFC, Emami, InterGlobe Aviation stocks in focus

PNB, MRF, Mrs Bectors Food, HDFC, Emami, InterGlobe Aviation, Union Bank of India stocks in focus

Trends on SGX Nifty suggest a gap-up start for BSE Sensex and Nifty 50 with a rise of 46 points…

June 7, 2021 08:04 IST

Union Bank of India looking to digitise recovery processes

Union Bank of India is looking to digitise and automate its recovery processes, according to a tender document issued by…

April 6, 2021 00:45 IST

CBI carries out searches at 100 locations across 11 states in separate bank fraud cases

“These searches are part of a special drive to book fraudsters on the complaints received from different nationalised banks in…

Updated: March 25, 2021 21:26 IST

NPA Watch: Banks wrote off loans worth over Rs 25,500 crore in Q3

Banks typically make two categories of write-offs. A technical write-off is made when the bank removes an account from the…

February 17, 2021 03:00 IST

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From Bank of India to DCB Bank, check out the top 10 midcap losers of 2015

Midcap stocks are set to end the year 2015 with gains of over 6 per cent. The Nifty Midcap 100…

December 31, 2015 15:44 IST

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