Page 9 - Union Bank Of India

Public sector banks merger: Modi govt to announce big bang plan soon

Finance ministry has called a meeting with chief executives of ten public sector banks on Friday

DHFL resolution: Banks may convert debt into equity, says Union Bank

DHFL has become the poster-boy of the NBFC crisis that afflicted the financial sector after the infra-lender IL&FS went belly up last September

150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

UBI mulls special loan offers for start-ups, brainstorms on $5-trn GDP goal

The PSB has organised a meeting of all branch heads wherein collective consultative and ideation process was undertaken to align banking with national priorities

Union Bank's move to send eviction notice to flat owners illegal: Experts

The state-run bank had on August 5 asked around 200 families living in Gardenia Gateway society in Sector 75 of Noida to evict premises by August 20

Union Bank of India Q1 net profit rises 73% as provisions decline

The net interest income of the lender saw a 4 per cent decline at Rs 2,519 crore in this quarter

Union Bank Q3 net at Rs 153.2 cr; other income up, NPA provisions decline

It had posted a net loss of Rs 124.98 crore in October-December 2017 (Q3Fy18)

United Bank of India net loss widens to Rs 8.8 billion; gross NPA rises

The gross NPA as a percentage of total lending stood at 22.69%, while net NPA stood at 14.36%

Union Bank Q2 profit jumps to Rs 1.39 bn, beats analysts estimates

Analysts on an average had expected a loss of Rs 937 million, according to Refinitiv data

CBI takes over probe in Rs 12-bn illegal fund transfer from UBI in 2016

The money was reportedly traced to banks in Cambodia, Thailand, Taiwan and Australia from the nostro account of UBI

Nirav Modi effect: Union Bank of India quits Antwerp diamond hub in Belgium

Banks have become very cautious with regard to diamond finance after the country's biggest fraud of about Rs 140 billion

Union Bank hopes to recover Rs 20 bn from three stressed power units

The total exposure of the bank in the power sector is about Rs 60 billion

Union Bank reports Rs 1.3 bn profit in Q1; net interest income up 17.1%

The bank's provision coverage ratio improved for the June quarter to 56.49 per cent, from 51.13 per cent in the same period last year

Union Bank of India posts surprise first-quarter profit at Rs 1.30 bn

The bank said interest earned rose 6.7 per cent to Rs 87.01 billion

UBI expects recovery of Rs 40 bn from settlements under NCLT by 2018-19

The bank has also requested the RBI to relax norms on risk-weighted assets, so that it can expand its lending book

Union Bank posts consecutive quarterly net loss at Rs 25.6 billion

The loss comes on the back of higher slippage in asset quality, which for Q4 stood at Rs 100.4 billion

United Bank of India slips into red, posts Rs 211 cr Q1 loss on rising NPAs

Bank's bad loan proportion rose substantially as gross NPAs rose to 17%

Union Bank's Q1 net down 30% at Rs 116 cr

Union Bank stock closed 5% down at Rs 134 per share on the BSE

Union Bank of India Q1 net dives 30% at Rs 117 crore, bad loans rise

Net profit fell to Rs 117 crore for the three months ended June 30, from Rs 166 crore a year ago

Union Bank of India set to raise Rs 2,000 crore

The PSB stock closed 0.53% down at Rs 141.75 on the BSE