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Union Bank Q3 Net up 15% at Rs 349 cr

Last Updated: Friday, January 31, 2014, 14:06

Union Bank of India (UBI) on Friday reported a 15.39 percent rise in its net profit at Rs 348.94 crore for the third quarter ended December 31, 2013.

Arun Tiwari is new chairman of Union Bank

Last Updated: Saturday, December 28, 2013, 18:31

Public sector lender Union Bank of India Saturday said Arun Tiwari assumed charge as its new chairman & managing director.

Union Bank raises Rs 2,000 cr to shore up capital

Last Updated: Friday, November 22, 2013, 15:50

Union Bank of India on Friday raised Rs 2,000 crore through issuing bonds that are compliant with the global banking norms, Basel III.

Union Bank Q2 profit declines by 62% to Rs 208 cr

Last Updated: Thursday, October 31, 2013, 17:53

Union Bank of India Thursday reported 62.4 percent decline in net profit to Rs 208.12 crore for the July-September quarter of 2013-14 fiscal.

Union Bank hikes base rate to 10.25%, ups rate for NRE deposits

Last Updated: Friday, September 06, 2013, 15:52

Union Bank of India on Friday became the second state-run lender after the Reserve Bank's liquidity tightening moves, to increase its lending rate by 25 basis points to 10.25 percent.

Rising bond yields impact over Rs 40,000 cr for banking sector

Last Updated: Monday, August 19, 2013, 18:36

The spurt in bond yields to 9 percent on the 10-year gilt is expected to hurt the banking sector by Rs 40,000-45000 crore due to depreciation in bond portfolios, a top official of Union Bank of India said.

Union Bank to raise Rs 3,000 cr equity to meet Basel-III norms

Last Updated: Sunday, August 04, 2013, 15:16

Mid-sized lender Union Bank of India plans to raise Rs 3,000 crore towards equity to meet Basel-III norms after 2015.

Union Bank of India Q1 profit rises 9.5% to Rs 560 cr

Last Updated: Thursday, August 01, 2013, 15:30

Total income increased to Rs 7,613.53 crore from Rs 6,561.10 crore, UBI said in a filing to the BSE.

OBC puts on hold decision to cut minimum lending rate by 0.25%

Last Updated: Friday, July 19, 2013, 15:20

State-owned Oriental Bank of Commerce on Friday said it has put on hold its decision to cut base rate by 0.25 percent to 10 percent proposed to be effective from July 22.

Union Bank Q4 net flat at Rs 789 cr on margin dip

Last Updated: Thursday, May 09, 2013, 21:33

State-run Union Bank of India Thursday reported a near flat growth in post-tax profit for the fourth quarter ended March 31, 2013 at Rs 789 crore, as there was a dip in margin and credit growth was slow.

UBI raises $350 million through bond sale

Last Updated: Tuesday, April 23, 2013, 14:54

State-run Union Bank of India (UBI) has fallen short of its overseas bond sale target, managing only USD 350 million, merchant bankers said.

Union Bank hits global debt market with $500 mn bond issue

Last Updated: Monday, April 15, 2013, 19:32

State-run Union Bank of India has hit the global debt market to raise around USD 500 million through bond issuance, said two merchant bankers working on the issue.