union bank of india - Latest News, Analysis, Opinion

The bank has requested a response from RCom regarding these concerns, as disclosed in a regulatory filing

Union Bank Of India Ties Up With Vastu Housing For MSME Co-lending Business

Our bank is committed to augmenting MSME business under the co-lending model introduced by the RBI to make available funds to ultimate beneficiaries at an affordable cost, says Chief General Manager, UBI

UBI Pays Over Record Dividend Of Rs 1,712 Cr To Govt

This is the highest dividend the Union Bank of India has given in any financial year

Union Bank Of India Launches 200 Micro Process Centres Pan India

This will give a thrust to financial inclusion & will ensure digital onboarding of the borrowers from the bottom of the pyramid

Union Bank Of India’s Profit Doubles To Rs 3,236 Cr In Q1

Companies & Markets

The state-owned institution made Rs 1,558.46 crore in profit during the previous year and reported a 16.32 per cent increase in net profit sequentially in an exchange filing

Union Bank Of India Profit Jumps 61% In Fourth Quarter

Net interest margins (NIM) for the reviewed quarter was 2.98 per cent, expanding by 13 bps from 2.75 per cent in the March quarter but down by 23 bps from 3.21 per cent in the third quarte

PSB Announces Have Written-off ₹91,000 Crore In 9 Months Of FY23

Another set of data underlined the PSBs managed to recover a little over Rs 1 out of Rs 5 in written-off accounts for the financial year 2022, picking up a pace of recovery from around 8 per cent in 2017-18 to a little over 21 per cent in FY22

Banks To Keep Stock Market Shining Today, South Indian Bank, Axis, Union On A Rise

Companies & Markets Markets

As expected, the bullish trend in the stock market continued on Tuesday as well. On Tuesday, the BSE Sensex climbed 126.4 points to close at 61,294.20. At the same time, NSE Nifty reached at 18,232.50. Most of the shares were seen above the green mark only. Today also the trend will continue

Union Bank Of India Signs MoU With JCB To Pool Resources Together

The wider reach of the bank will help both Union Bank of India and JCB to extend the best offering to the buyer of JCB machines across the country

Union Bank Launches Digital Accessibility Initiative

With this initiative, Union Bank continues to reinforce its commitment to provide accessible customer experience for senior citizens and persons with disabilities

Union Bank Of India Launches 'Trade Nxt' To Ease Cross Border Finance

The Ministry of Electronics & Technology recently felicitated Union Bank of India for achieving highest percentage of digital payments transactions

Union Bank Of India To Sell Its 8% Stake In ISARC To Dhansamridhi Finance

Union Bank of India on Wednesday said it will sell its 8 per cent stake in India SME Asset Reconstruction Company

RBI Imposes Rs 1 Cr Penalty On Union Bank Of India

Companies & Markets

The RBI in a statement said the statutory inspection for supervisory evaluation (ISE) of the bank was conducted by it with reference to its financial position as of March 31, 2019,

Union Bank Of India Inks Its First Overseas Sustainability Linked Loan

Union Bank of India in a statement said that it will include three Key Performance Indicators (KPIs) relating to a reduction in greenhouse gas emissions, responsible sourcing of metals, and growing renewable power portfolio, under this facility.

Union Bank Secures Sustainability-Linked Loan Of USD 1.5 Bn