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Union Bank of India to raise Rs 1,386 cr via QIP

Last Updated: Monday, June 30, 2014, 16:02

State-owned Union Bank of India has proposed to raise Rs 1,386 crore through Qualified Institutional Placement (QIP) to fund its business growth.

Union Bank of India expects total business to grow by 12% this fiscal

Last Updated: Tuesday, June 10, 2014, 11:52

UBI General Manager (Varanasi zone) H K Behera, who was also present at the event, said the bank is committed to expand its presence in rural areas and increase its branches to 600 by March 2015.

Union Bank to launch Rs 1,390-cr QIP issue in Q2

Last Updated: Sunday, June 01, 2014, 18:06

With markets on a roll, the state-run Union Bank of India is set to launch its Rs 1,386-crore qualified institutional placement (QIP) issue in the second quarter of this fiscal, a top official has said.

NSE midcap index hits second straight record high

Last Updated: Tuesday, May 20, 2014, 14:10

The NSE midcap index rose to a second consecutive record high on hopes the rally in shares sparked by the election outcomes would lead domestic and foreign institutions broaden their portfolios into riskier plays.

Union Bank Q4 Net down 26% at Rs 578 cr

Last Updated: Monday, May 12, 2014, 16:50

The bank had reported net profit (standalone) of Rs 789.38 crore over the corresponding period a year ago.

Union Bank posts 27% fall in Q4 net profit at Rs 578.88 crore

Last Updated: Thursday, May 08, 2014, 13:53

Total revenue of the bank stood at Rs 8,444.91 crore for the Jan-March quarter.

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.