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Union Bank of India

Modi govt announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB

Finance Minister Nirmala Sitharaman announced a mega-merger plan for public sector banks, with Union Bank of India, Andhra Bank and Corporation Bank getting merged into a single entity.

Aug 30, 2019, 17:16 PM IST

Reserve Bank of India imposes monetary penalty on four banks

This action is based on deficiencies in regulatory compliance.

Feb 13, 2019, 18:14 PM IST

Union Bank of India shares crack over 9% on loan fraud worries

The stock plunged 9.13% to Rs 86.05 to hit its 52-week low on BSE.

Mar 23, 2018, 15:43 PM IST

CBI files Rs 1,394 crore fraud case against Hyderabad firm for duping Union Bank of India

The CBI team also carried out raids at several places in Hyderabad after filing the FIR against Totem Infrastructure.

Mar 22, 2018, 20:10 PM IST

PNB to honour claims by banks, but with conditions: Reports

State Bank of India and three other state-run banks, Union Bank of India, UCO Bank and Allahabad Bank, are among lenders who have extended credit based on the LoUs issued by PNB that were later found to be fraudulent.

Mar 13, 2018, 12:02 PM IST

Union Bank has $300 million exposure to PNB fraud

Union Bank of India shares dropped 2.37 percent to Rs 117.25 while the PNB stock fell over 3 percent to Rs124.45 on BSE.

Feb 16, 2018, 11:10 AM IST

Union Bank, Dena Bank reduce MCLR rates

Union Bank of India and Dena Bank reduced their marginal cost of lending rates across various tenors with effect from Friday.

Sep 01, 2017, 14:40 PM IST

Union Bank revises savings bank deposit rates

For deposits above Rs 25 lakh, the rate has been left unchanged at 4 percent per annum, the bank said in a statement.

Aug 18, 2017, 19:26 PM IST

Union Bank of India first-quarter profit dives, bad loans rise

Analysts on an average had expected the bank to report a net profit of 1.95 billion rupees, according to Thomson Reuters data.

Aug 10, 2017, 19:26 PM IST

RBI imposes Rs 3 crore penalty on Union Bank for KYC non-compliance

RBI imposed the penalty of Rs 2 crore and Rs 1 crore on July 26 under the provisions of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to certain directions issued by it, the apex bank said here in a notification. 

Jul 31, 2017, 16:09 PM IST

Lending rate cuts to boost economy, push consumption: Industry

With lenders such as SBI, PNB, Union Bank of India and IDBI slashing benchmark lending rate, India Inc on Monday said the move will act as a "booster dose" for the economy and propel consumption as lending may pick up significantly.

Jan 02, 2017, 16:10 PM IST

Union Bank Q2 net up 77% at Rs 658 crore

 Union Bank of India today reported a massive jump of 77 per cent in its net profit to Rs 658 crore for the September quarter.

Nov 06, 2015, 14:00 PM IST

BOI, UBI issue pref shares worth Rs 3,534 crore to govt

In a separate filing, Bank of India said it has allotted 12,70,04,655 equity shares to government on September 30, 2015.

 

Oct 03, 2015, 18:58 PM IST

Union Bank reduces base rate by 0.35% to 9.65%

State-run Union Bank of India on Saturday announced a 0.35 percent reduction in its base rate to 9.65 percent.

 

Oct 03, 2015, 18:30 PM IST

Union Bank looks to raise Rs 2,500 cr via QIP next month

Days after it got shareholders' approval to raise around Rs 3,700 crore, state-owned Union Bank of India has said it's planning to mop up Rs 2,500 crore through qualified institutional placement (QIP) next month.

Jun 28, 2015, 14:58 PM IST

UBI, 2 other PSU lenders seek exemption from dividend payment

Three public sector banks -- Bank of India, Union Bank of India and Allahabad Bank -- have sought exemption from payment of dividend citing higher provisioning for non-performing assets (NPAs).

May 03, 2015, 13:09 PM IST

Union Bank of India defers Rs 1,386cr QIP issue to next fiscal

State-owned Union Bank of India has deferred its plan to raise Rs 1,386 crore fund through qualified institutional placement (QIP) to the next fiscal.

Mar 29, 2015, 11:34 AM IST

Union Bank Q3 net dips 13% at Rs 302 crore

Union Bank of India on Tuesday reported a 13.33 percent decline in net profit at Rs 302.42 crore for the October-December quarter.

Jan 27, 2015, 15:24 PM IST

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.

Jan 15, 2015, 18:21 PM IST

SC refuses to entertain plea of Kingfisher Airlines

The Kingfisher Airlines had alleged that the order by GRC was passed on Monday, ignoring the plea that the director should be allowed to be represented through lawyers.

Sep 02, 2014, 15:40 PM IST