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Union Bank net profit down 68% in Q1

Union Bank net profit down 68% in Q1

State-run lender Union Bank on Saturday reported a 68 percent decrease in its net profit to Rs 166.32 crore in the quarter ended June 30, as compared to Rs 518.78 crore in the corresponding period last year.

Union Bank Q1 net dips 22% to Rs 519 cr

The bank had a net profit of Rs 664.11 crore in the April-June quarter of 2014-15 fiscal.

Union Bank takes digital initiatives with M-passbook

This will allow customers to instantly transfer funds to any account from the branch. The limit has been set at up to Rs 2 lakh per day.

Union Bank gets shareholder nod to raise up to Rs 3,700 cr

The stock closed at Rs 153.05 on BSE on Friday, down 0.97 percent.

Union Bank Q4 net drops 23% on higher provisioning

The bank had clocked a net profit of Rs 578.91 crore in the January-March quarter of 2013-14 financial year.

Union Bank Q3 net profit drops 13% on higher provisioning, bad loans

The gross non-performing assets (NPAs) worsened to 5.08 percent as against 3.85 percent in the same period last year.

City Union Bank Q3 net up 15% at Rs 102.70 crore

City Union Bank Saturday reported an over 15 percent increase in its net profit at Rs 102.70 crore for the quarter ended December 31, 2014.

Union Bank cuts lending, deposit rates by up to 0.50%

UBI is the second state-owned bank to announce rate cut after the Kolkata-based United Bank of India.

RBI rate cut: UBI, Union Bank slash rates, others likely to follow soon

Within hours of rate cut announced by RBI, United Bank and Union Bank have reduced the benchmark lending rates by 0.25 percent and 0.5 percent respectively, while other banks including market leader SBI have indicated that they would follow suit.

What's in for the common man under PM Jan-Dhan yojana?

Union Bank of India's CMD Arun Tiwari talks to Zee Media about Prime Minister Jan Dhan Yojana.

Union Bank Q2 Net up 78% at Rs 371 cr

Public sector Union Bank of India today reported a 78.4 percent rise in net profit at Rs 371.34 crore for the second quarter ended September 30.

Union Bank targeting 9-10 % deposit growth

Union Bank of India is targeting 9-10 percent growth in deposits and 11-12 percent in its advances over last year, a top official said on Saturday.

TransUnion increases stake in Cibil to 55%

Thirteen years after it started working with Cibil, global credit and information services player TransUnion has increased its stake in the country's largest credit information bureau to a majority 55 percent from earlier 47.5 percent.

NSE midcap index hits second straight record high

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

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.

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

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 cuts base rate to 10%

The city-headquartered lender slashed its base rate to 10 percent effective today, the bank said in a statement.

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

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.

Dena Bank, Union Bank cut lending rate by up to 0.25%

Dena Bank and Union Bank of India Friday reduced benchmark lending rate by up to 0.25 percent, making loans including home and corporate cheaper for borrowers.

Union Bank, PNB cut base rates by 0.25%; OBC ups deposit rates

Making home and auto loans cheaper, Punjab National Bank and Union Bank of India Thursday cut their minimum rates of lending or the base rates by 0.25 percent each to 10.25 percent, following the Reserve Bank cutting its key rates two days ago.