UBI

Stocks to Watch on Thursday, April 4: State-owned Union Bank of India has raised $500 million (about Rs 4,200 crore) from foreign markets to fund overseas business growth

Stocks to Watch Today: According to reports, Zomato is likely to witness a block deal on Wednesday.

All MSME/agriculture borrowers are eligible for a loan up to Rs 10 crore and others up to Rs 50 crore

The Centre will soon announce the new name and logo of the entity to be emerged after the merger of Punjab National Bank (PNB) United Bank of India (UBI) and Oriental Bank of Commerce (OBC), an official said on Friday. The new entity will be the second largest bank in the country after State Bank of India (SBI) with a total business volume of Rs 18 lakh crore, he said. "The government is expected to announce the new name and logo of the merged bank which will become operational from April 1, 2020," an UBI official told PTI. He said logo is very important for creating an identity of the new lender and discussions on this aspect have been taken place at the highest level of the three state-run banks. The official also said the 34-odd committees, formed by the three banks for standardisation and harmonisation of procedures, have already submitted their reports to the respective boards of the lenders. "Consultant Ernst & Young (E&Y), which has been appointed by the ..

Union Bank of India has reduced the MCLR by 10 basis points across all tenors with effect from January 11, 2020

The merger of the three PSBs is scheduled to come into force from April 1 next year.

All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity

UBI is adequately capitalised as of now and this obviates the need for fresh capital infusion

UBI will guarantee all citizens enough income to cover their basic needs, says CEA

UBI proposed in Economic Survey can be financed by eliminating non-merit subsidies, suggest data

UBI is the BJP's way of presenting its government as a pro-poor regime

He said, advantage of UBI is interesting way of overcoming problem of governmental targeted spending

This is part of the government's plan to infuse Rs 5,050 crore in public sector banks

The bank will recruit probationary officer on successful completion of 1 year PGDBF conducted in tie-up with NIIT-IFBI