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Union Bank News

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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