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News
Union Bank
Union Bank News
Fixed Deposit
16 Aug 2024
Latest FD Interest Rates 2024: Check 5 Banks Offering High Interest Rates
Check major Indian banks offering high fixed deposit interest rates on 3 year tenor.
Union Bank
09 Aug 2024
Union Bank Hikes Fixed Deposit Rates: Get Highest FD Interest On THIS Tenor
Union Bank's new FD rates are effective from 2 August 2024 while Senior Citizens get an extra interest for FDs upto Rs 5 Crores in all of its domestic term deposits scheme.
State Bank of India
07 Jan 2023
PIB debunks media report on Bank Privatisation, Deets inside
Finance Minister Nirmala Sitharaman had last yera said "interests of workers of banks which are likely to be privatised will absolutely be protected whether their salaries or scale or pension all will be taken care of". Explaining the rationale behind the privatisation, Sitharaman had said that banks in the country needed to be bigger, just like the State Bank of India (SBI).
LIC HFL
03 Jul 2021
Planning to buy a home? Check financers with lowest rates on home loans
Life Insurance Corporation Housing Finance LTD (LIC HFL) is offering the lowest interest rate on home loans among other mortgage lenders in India.
Union Bank
15 May 2019
Union Bank net loss widens to Rs 3,370 cr in Q4 on higher provisioning
The bank had reported a net loss of Rs 2,583 crore for the same quarter previous fiscal.
bank capital infusion
29 Mar 2019
Five PSU lenders get capital infusion of Rs 21,428 cr from govt
Earlier, the bank raised Rs 261 crore to its share capital in January under Employee Stock Purchase Scheme (ESPS) in which as much as 92 percent of the employees participated which resulted into over-subscription of bank stock.
India banking point
12 Nov 2018
India soon to have banking point within reach of 5 Kms of every citizen: FM
The FM observed that during the period of 2014 – 2018, the population who had access to banking services rose from 58 percent to almost 100 percent.
public sector banks
09 Mar 2018
Over dozen PSBs to get Rs 46K crore capital infusion this month
These banks, including SBI, PNB, Bank of Baroda, Central Bank, Union Bank and OBC, have called shareholders' meetings this month to pass the resolution to allot preferential shares to government so as to receive the capital.
Union Bank
06 Aug 2016
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
28 Jul 2015
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
06 Jul 2015
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
27 Jun 2015
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
12 May 2015
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
27 Jan 2015
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
24 Jan 2015
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
15 Jan 2015
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
15 Jan 2015
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.
Union Bank
31 Oct 2014
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
16 Aug 2014
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.
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