Page 8 - Union Bank Of India

Union Bank of India reduces MCLR by 20 bps across tenors effective July 11

Post the reduction, MCLR across tenors ranges from 6.85 per cent to 7.40 per cent

Union Bank revamps Insurance distribution channels post amalgamation

Bank executives said Reliance General Insurance is no longer part of tie-up under new arrangement

Covid-19 disruption an opportunity for firms to re-strategise: UBI chief

Rajkiran Rai G said digital is going to be a big wave for both banks and businesses following the coronavirus pandemic

Union Bank of India reports pre-tax loss of Rs 3,359 crore in Q4

It posted a net loss of Rs 2,503.1 crore in Q4FY20, against a loss of Rs 3,369.2 crore in the same period a year ago.

Union Bank reports narrowing net loss of Rs 2,503 cr in March quarter

The bank had posted a net loss of Rs 3,369.23 crore during the same quarter of the previous financial year

Bank of Baroda, Union Bank of India reduce lending rates across all tenors

Bank of Baroda has revised its one-year MCLR to 7.65 per cent from 7.80 per cent

Covid-19 relief: You can defer 3 EMIs but that may be a very costly option

SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs

We might raise capital through AT-1 bonds in H2, says Rajkiran Rai G

Union Bank of India's Rajkiran Rai G, in an interview with Abhijit Lele, talks about managing the integration of banks amid lockdown, raising capital

Market Ahead, April 1: Top Factors That Could Guide Markets Today

Starting today, automobile companies will starting releasing sales numbers for March. According to a Business Standard report, these auto sales for the month could see a 50 per cent YoY

Union Bank of India reduces lending rates by 75 bps in line with RBI cut

The new rate will be applicable for all floating-rate personal or retail loans (such as housing and automobiles) and floating-rate loans to micro, small and medium enterprises

Covid-19 crisis: UBI sets up emergency funding window for corporates, MSMEs

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

Union Bank Q3 PBT up over three fold to Rs 582 cr on dip in NPA provision

Better number also aided by NII, which saw an uptick of 25.7%

Budget 2020: How will the FM tackle the economic challenge before India?

A K Bhattacharya answers questions about Budget 2020

Baroda, Union MFs bank on mergers to increase their market share

AUM of both companies declined in September quarter

Financial sector needs to rebuild trust, says YES Bank CEO Ravneet Gill

Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai

Sebi grants exemption to govt from making open offer to UBI shareholders

The Sebi order for exemption comes following an application filed by the bank in November on behalf of its promoter

PNB, Union Bank get in-principal nod from govt for proposed merger

According to this, United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank, making the proposed entity the second largest public sector bank (PSB).

Will step up recoveries, increase provisions in H2: Union Bank of India CEO

The outstanding NPAs in large corporate category have declined while that of MSME rose marginally, says CEO Rajkiran Rai

Branch rationalisation to HR challenge: Brokerage view on PSB consolidation

Unlike private banks, most PSBs, analysts say, do not have clear specialisations and end up competing against each other

Government creates banking behemoths to boost India's flagging economy

News of the mergers comes minutes before official data is expected to confirm a fifth-straight quarter of slowing economic growth