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Latest Articles in union bank of india

Union Bank Of India Third-Quarter Profit Misses Estimates

Net profit was 1.53 billion rupees ($21.48 million) in the three months to Dec. 31, 2018, compared to a loss of 12.50 billion rupees a year earlier, the bank said

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PSU Bank Stocks Hammered As Merger Announcement Fails To Enthuse

The merger, largely expected to reduce costs and improve banking efficiency, seems to have ruffled a feather with the market participants as the Nifty PSU Bank index lost significantly (-5.44) as compared to the broader market Nifty, which lost a just 98.85 points, or 0.87%

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Union Bank Of India Shares Slump After Lender Makes Fraud Complaint

The case comes after a more-than $2 billion fraud in state-run Punjab National Bank, dubbed the biggest bank fraud in India's history, triggered scrutiny of all soured bank loans for any sign of wrongdoing

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Union Bank Has $300 Million Exposure To PNB Fraud

The bank has also purchased some Buyers Credit assets from Axis Bank through Risk Participation as a part of normal International Business Practice

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Union Bank Of India Seeks At Least 155 Million Dollar In Share Sale: Sources

The bank is looking to sell the shares at 154.65 rupees each, said one of the sources. Union Bank shares closed at 157.60 rupees on Thursday

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Union Bank Shares Tumble After Q1 Profit Fall

Union Bank said on Saturday net profit fell to 1.67 billion rupees for the three months to June 30, from 5.19 billion rupees a year earlier

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Union Bank Of India Q1 Profit Falls 68 Per Cent To Rs 167 Crore

The bank's asset quality worsened in the April-June quarter with gross non-performing assets doubling to 10.16 per cent from 5.53 per cent in the year-ago period

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RBI Caps Refiners' Dollar Buying For Iran Dues To Shield Rupee

Refiners have cleared $770 million in euros through Turkey's Halkbank to National Iranian Oil Co. The state-run Union Bank of India facilitated the payments

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Union Bank Of India Q4 Net Profit Plunges 78% As Bad Loans Rise

Company's net profit fell to Rs 96.12 crore ($14.39 million) on a standalone basis for the fiscal fourth quarter ending March 31

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S&P Affirms Rating On UBI On Expectation Of Govt Support

Standard & Poor’s Ratings Services has affirmed its ‘BBB—’ long-term rating on Union Bank of India on expectations that the government will infuse capital into the lender

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Union Bank Of India Q3 Net Profit Plunges On Higher Bad Loans

The bank reported a 74 per cent drop in its quarterly net profit due to sharply higher bad loans and provisions as lenders comply with a regulatory order to treat some troubled loans as bad in a clean-up drive

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