Union bank

Co-loan with NBFCs to feed the Union Bank portfolio

Union Bank of India, which expects its retail and MSME portfolio to grow by at least 7,000 crore next year as part of the lending partnership with non-bank financial companies, has set up a dedicated branch to sanction loans within 24 hours. “We are developing specific products adapted to the co-loan model… We already have […]

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Titan Trust Bank to acquire Union Bank after acquiring 89.39% stake

By Modupe Gbadeyanka The need for stakeholders to collaborate to improve the FinTech industry in Africa was highlighted by stakeholders in the sector. During the launch of the continent’s first blockchain platform for payment processing, Zone, designed by Appzone, attendees agreed that the finance and payments landscape needs more hands on the bridge. They applauded […]

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Titan Trust Bank acquires majority stake in Union Bank

Titan Trust Bank Limited (TTB) has acquired significant stakes in Union Bank of Nigeria Plc. Somuyiwa Sonubi, secretary of Union Bank, revealed this in a statement published Thursday on the Nigerian Exchange Limited (NGX). According to the statement, Union Global Partners Limited, Atlas Mara Limited and other existing shareholders have agreed to divest 89.39% of […]

Union bank

Supreme Court authorizes Union Bank to pursue Petro Union’s $ 15 billion appeal – Nigeria – The Guardian Nigeria News – Nigeria and World News

The Supreme Court yesterday unanimously upheld Union Bank’s appeal, a previous Court of Appeal ruling, which upheld a Federal High Court ruling against it, the Central Bank of Nigeria (CBN), the Minister of Finance and the Attorney General. of the Federation. A Federal High Court had awarded in 2014 the sum of 2.550 billion pounds […]

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Citigroup to sell Philippine consumer assets to Union Bank

(Bloomberg) — Union Bank of the Philippines will buy Citigroup Inc.’s consumer banking assets in the Southeast Asian country for cash consideration plus a premium of 45.3 billion pesos ($904 million). The deal covers the U.S. company’s local credit card, unsecured lending, deposit and investment businesses as well as Citicorp Financial Services and Insurance Brokerage […]

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ksk mahanadi power: SBI and Union Bank to conduct Swiss Challenge auction for KSK Mahanadi Power loans

and have decided to go ahead with the Swiss Challenge auction for KSK Mahanadi Power loans next week despite observations from tax authorities last week that this method is opaque, implying an unholy link between the promoters and the asset rebuilding company, people familiar with the matter said. In the Swiss auction process, lenders first […]

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Citigroup to sell its consumer banking business in the Philippines to Union Bank

By P.R. Venkat Citigroup Inc. is selling its retail banking business in the Philippines with assets worth nearly $1.8 billion to a national bank as part of an exit strategy from retail banking in Asia. Union Bank of the Philippines will also get Citi’s credit cards, personal loans, wealth management and retail deposit business as […]

Union bank

Union Bank stabilizes profits with third-quarter loan recoveries of N13 billion

Union Bank of Nigeria Plc achieved reasonable stability in earnings performance at the end of Q3 operations with recovery of approximately N13 billion of impaired loans and significant increase in non-interest income. Management’s aggressive push on loan collections paid off with a record 163% increase in loan collections year-over-year at the end of September 2021. […]

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Union Bank of India holds MSME credit camp in Hyderabad

Hyderabad: The Union Bank of India organized a mega credit camp for MSMEs in Hyderabad as part of its ongoing national campaign for MSMEs Festive Bonanza. Nitesh Ranjan, ED, Union Bank of India pointed out the mega camp. During this special day of camp, Hyderabad Zone mobilized more than 400 new commercial accounts for an […]

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HomeFirst partners with Union Bank of India for co-loan

Union Bank of India (UBI) and Home First Finance Company India Ltd (HomeFirst) enter into a strategic co-loan partnership to provide home loans to clients at competitive interest rates. The partnership aims to take advantage of the strengths of the two entities to offer a transparent experience to individual mortgage clients in the priority sector. […]

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LIC of India acquires more than 2% of the capital of Union Bank of India

Life Insurance Corporation of India (LIC) purchased 13 73 79 411 shares, or 2.01% of the capital of Union Bank of India from March 21, 2020 to December 15, 2021. After the transaction, Life Insurance Corporation of India (LIC) increased its stake to 35 31 66 823 shares, or 5.167% of the capital, against 21 […]

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Union Bank of India raises Rs 1,500 crore via Basel-III compliant bond

The state-run Union Bank of India (UBI) raised Rs 1,500 crore by issuing Basel III compliant bonds on a private placement basis. The base size of the bond issue was Rs 500 crore with an option to keep the oversubscription up to Rs 1,000 crore. The bank accepted offers for Rs 1,500 crore, UBI said […]

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Employees of the now demolished First Union Bank gather where they once worked – Salisbury Post

By Natalie [email protected] SALISBURY – Shae Mills remembers short trips in the 1970s with his colleagues at First Union National Bank to Purcell’s Drug Store in downtown Salisbury for limeades and cherry orangeades. Their choice of “fat spoon” was Bill’s Pastry near OO Rufty’s general store. Denny’s was just down the street as was a […]

Union bank

City Union Bank share price: Buy City Union Bank, price target Rs 163: Axis Securities

Axis Securities has a call to buy on City Union Bank with a target price of Rs 163. The current market price of City Union Bank Ltd. is Rs 149.65. The period given by the analyst is 4 weeks when the price of City Union Bank Ltd. can achieve the set goal. City Union Bank […]

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Union Bank of India receives rating action from India Ratings

Union Bank of India has announced that India Ratings and Research has assigned/confirmed the Bank’s bond ratings as follows: Long-term issuer rating – IND AA+/Stable (assigned) ATI Basel III Perpetual Bonds (Rs 1500 crore) (yet to be issued) – IND AA/ Stable (allocated) Basel III Tier II bonds (Rs 5500 crore) – INDA […]

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Union Bank & Trust hires Ash | Commercial achievements

Union Bank & Trust (UBT) is pleased to announce that it has hired Caroline Ash as Vice President – ​​Marketing. Ash brings over 25 years of marketing, communications and sales experience to her new role, in which she will oversee all aspects of marketing and customer success and experiences. This includes corporate branding, communication, digital […]

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Union Bank of the Philippines freezes ‘several’ bank accounts amid investigation

Manila: The Central Bank of the Philippines is investigating complaints that some customers of BDO Unibank Inc., the country’s largest lender by assets, lost money due to online fraud involving the use of Union Bank of the Philippines accounts. “We are in close coordination with BDO as well as UBP on this incident to ensure […]

Union bank

Staff asked to follow the “Navratri” dress code or pay a fine; circular later withdrawn

The All India Union Bank Employees Federation (AIUBEF) did not accept the diktat and sent a letter to UBI Managing Director and CEO Rajkiran Rai G., demanding strict action against the Managing Director. The eminent scholar and CPI-M deputy from Madurai, S. Venkatesan, sent a letter to the UBI, calling Raghavendra’s circular “very atrocious”. “This […]

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ED searches homes of former NSIC and Union Bank of India officers in Rs 173 crore bank fraud case

The Law Enforcement (ED) Directorate seized fixed deposits worth Rs 1.04 crore after raiding the residential premises of National Small Industries Corporation (NSIC) officers and former employees of the former United Bank of India in a fraud case, officials said. Searches were conducted at the residential premises of Manik Lal Das (then Area Director and […]

Union bank

City Union Bank launches “RuPay On-the-Go” contactless solution in collaboration with NPCI

No more news 09 Dec. 2021 | 1:15 p.m. Hyderabad, December 9 (UNI) Dr G Taru Sharma, Director, Advanced Training Center for Veterinary Physiology Teachers and Head of Division, ICAR-IVRI, Izatnagar has been appointed Director of the National Institute of Animal Biotechnology (NIAB). see more.. 09 Dec. 2021 | 12:49 Hyderabad, December 9 (UNI) Prestige […]

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City Union Bank to start pushing non-gold loan advances by end of FY22

He said post-Covid only 4% to 5% of transactions happened through branches, creating huge capacity once the pace of growth picks up. South India-based private sector lender City Union Bank (CUB) said it would start driving growth in non-gold loan advances by the end of the current fiscal year. In recent quarters, due to the […]

Union bank

Market Commentary: Union Bank Confirms Preliminary Discussions with Citigroup to Acquire Retail Banking Assets

Merkado Barkada December 3, 2021 | 8:31 The news broke Union Bank [UBP 111.00 6.42%] was the “surprise pioneer” in the bidding war to acquire the retail banking assets of the US bank Citigroup, which decided at the start of the year to “refresh” its strategy and “double its wealth”. The sale of its retail […]

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Citi said to choose Union Bank as preferred bidder for the Philippines

FILE PHOTO: A pedestrian walks past the Citibank office in Makati financial district in suburban Manila November 18, 2008. (Photo: ROMEO GACAD/AFP via Getty Images) By Manuel Baigorri and Elffie Chew Citigroup Inc. has chosen Union Bank of the Philippines as the preferred bidder to acquire its consumer banking assets in the Southeast Asian country, […]

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Business News | RBI imposes Rs 1 crore penalty on Union Bank of India for failure to comply with certain provisions of its instructions

New Delhi [India], November 29 (ANI): The Reserve Bank of India (RBI) fined the Union Bank of India (UBI) 1 crore for failure to comply with certain provisions of its instructions relating to classification and reporting fraud and selling stressed assets. According to a statement issued by the RBI on November 25, it imposed a […]

Union bank

RBI fines Union Bank of India 1 crore rupee

The Reserve Bank of India on Monday imposed a fine of Rs 1 crore on the state-owned Union Bank of India for failing to comply with regulations. The sanction was imposed by an order dated November 25 for non-compliance with certain provisions of the instructions issued by the RBI contained in Reserve Bank of India […]

Union bank

RBI imposes ₹1 crore penalty on Union Bank of India

The Reserve Bank of India (RBI) has imposed a fine of ₹1 crore on the Union Bank of India (UBI) for non-compliance with certain provisions of its Fraud Classification and Reporting and Selling Instructions distressed assets. The central bank, in a statement, said its inspection of UBI revealed, among other things, non-compliance with the aforementioned […]

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Link with Union Bank for MSME co-loan; agreement with SBI on cards, said Rajesh Sharma, CEO of Capri Global

In today’s edition of News By Views, Zee Business Editor-in-Chief Anil Singhvi speaks with Rajesh Sharma, Managing Director of Capri Global Capital. It is a non-bank financial company (NBFC) which lends to the MSNE and I also to the financing of housing. Its affordable housing funding is a bigger vertical. It is also present in […]

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Union Bank of India and Capri Global Capital join forces to lend to MSMEs

Union Bank of India has entered into a co-loan partnership with Capri Global Capital, whereby they will disburse loans to MSMEs. Capri Global Capital Ltd (CGCL) is a non-bank finance company focused on MSME lending and affordable housing finance segment. The co-loan agreement aims to improve last mile financing and promote financial inclusion of MSMEs […]

Union bank

capri global capital: CGCL partners with Union Bank of India to help MSMEs

Capri Global Capital Limited (CGCL), an NBFC focused on MSMEs and Affordable Housing Finance segment, has entered into a co-loan agreement with Union Bank of India (UBI), to offer loans to MSMEs. Through this collaboration, CGCL and UBI aim to disburse loans to MSMEs in over 100 outlets across India. Disbursement of the loan under […]

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New Union Bank survey finds US consumers willing to spend more to support small businesses this holiday season, but also just as likely to shop at big retailers

LOS ANGELES, Nov. 17, 2021 /PRNewswire/ — While consumers are prioritizing purchases from small businesses to support their local communities in 2020, this year’s higher costs, limited supplies and challenging labor shortages weigh more heavily on purchasing decisions this holiday season. According to new research from Union Bank, a leading West Coast bank, consumers are […]

Union bank

Community groups call for hearings on U.S. Bank-Union Bank deal

Community groups have begun negotiations with US Bancorp over mortgage aid and payments to nonprofit financial organizations in an investment deal that would pave the way for the pending acquisition. MUFG Union Bank company. Those involved in the talks expect the final price to exceed the $ 88 billion commitment of Pittsburgh’s PNC Financial Services […]

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Union Bank & Trust promotes Soullière | Commercial achievements

Union Bank & Trust recently promoted Miranda Soulliere to the Vice President – Director of Business Development at his University of Nebraska-Lincoln (UNL) location. Soulliere joined Union Bank in 2007 and has served as Personal Banker, Branch Manager, Head of Residential Real Estate Loans and most recently Assistant Vice President of Customer Service. In her […]

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Union Bank wins the FMDQ CP award

Union Bank Plc received an award for Largest Commercial Paper Deposit in the Primary Market Price Category at the just concluded FMDQ GOLD Awards. This is a prize awarded to the issuer with the highest total value of commercial paper admitted to the FMDQ depositary during the year in view. Union Bank received the award […]

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Union Bank of India consolidated net profit jumps 183% to Rs 1,510 crore

State-owned Union Bank of India on Tuesday announced a 183% increase in its consolidated net profit to 1,510 crore rupees for the September 2021 quarter, mainly due to the takeover of the DHFL account which was written off earlier. . The lender’s net profit stood at Rs 533.87 crore in the corresponding quarter of last […]

Union bank

Business News | Stock market and stock market news | Financial news

Search for quotes, news, net asset values ​​of mutual funds IEX INE022Q01020, IEX, 540750 Vodafone idea INE669E01016, IDEA, 532822 Tata power INE245A01021, TATAPOWER, 500400 Addiction INE002A01018, RELIANCE, 500325 ICICI Bank INE090A01021, ICICIBANK, 532174 Search for quotes, news, net asset values ​​of mutual funds IEX INE022Q01020, IEX, 540750 Vodafone idea INE669E01016, IDEA, 532822 Tata power INE245A01021, […]

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Millionaires emerge in Union Bank promo

Posted November 3, 2021 The Union Bank of Nigeria Plc said on Tuesday that three winners took home 1 million naira each in their “Save & Win Palli Promo” in the first quarterly draw. The bank said in a statement that during the electronically generated draws, which were overseen by the relevant regulatory bodies, Bita […]

Union bank

Union Bank of India consolidated net profit jumps 183% to Rs 1,510 cr in September quarter

Bank shares gained 6% on Tuesday to close at Rs 49.45 a piece on BSE State-owned Union Bank of India on Tuesday announced a 183% increase in its consolidated net profit to 1,510 crore rupees for the September 2021 quarter, mainly due to the takeover of the DHFL account which was written off earlier. . […]

Union bank

Union Bank Q3 profit drops amid moratoriums, weak commercial income and loan growth – Financial News

The Union Bank of Colombo PLC saw its profits plummet in the three months to September as consecutive loan moratoria extended to borrowers affected by the pandemic hurt its interest income as exchange rate volatility and limited business opportunities weighed on business income. Borrowings also continued to slide as the bank’s assets contracted. The bank […]

Union bank

Union Bank & Trust hires Dalka | Commercial achievements

Union Bank & Trust (UBT) recently hired Andy dalka as vice president – business development officer in his pension plan services department. Dalka brings over 10 years of experience to his new role, in which he will create pension plan solutions for clients, act as an advisor to plan sponsors, provide insight and analysis of […]

Union bank

City Union Bank (NSE: CUB) Five-Year Profit Growth Below 7.6% Annual Shareholder Return

If you buy and hold a stock for many years, you hope to make a profit. Better yet, you would like to see the stock price rise more than the market average. Corn City Union Bank Limited (NSE: CUB) failed to meet this second target, with the share price rising 43% over five years, which […]

Union bank

Millionaires emerge in Union Bank’s Save and Win Palli promotion

Through Omodele Adigun UNION The Bank’s Save & Win Palli promotion got even more exciting as three lucky customers recently won 1 million Naira each in the first quarterly draw. During the electronically generated transparent prints that were overseen by the relevant regulatory bodies, Bita Bukar Bulama from Maiduguri; Muhammed Issa Funsho from Lekki, Lagos […]

Union bank

Here is your Union Bank routing number

jejim / Shutterstock.com Union Bank operates under its parent company Mitsubishi UFJ Financial Group. The company claims to have a global vision to be the most trusted financial group in the world and considers integrity, respect and service to be one of its core values. If this sounds like a bank you want to do […]

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UCO Bank Chairman AK Goel is new IBA Chairman and succeeds Union Bank MD

AK Goel, Managing Director & CEO (MD & CEO), UCO Bank is the new chairman of the banking industry lobby group Indian Bank’s Association for 2021-2022. He succeeds Rajkiran Rai G, Managing Director and CEO of Union Bank of India. IBA’s board of directors, at its meeting on October 14, 2021, elected Goel president of […]

Union bank

Union Bank of India staff asked to follow the ‘Navratri’ dress code or pay a fine!

In a strange development, the public sector lender, the Union Bank of India, had demanded that some of its staff adhere to a special “Navratri” dress code or be prepared to pay fines. The detailed order came on a colorful circular issued on October 1 by the Digitization Department, at the Mumbai central office, signed […]

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Union Bank faces Rs 200 fine for violation of Navratri dress code; withdraw the order

After members of the All India Union Bank Employees Federation wrote to Union Bank Managing Director and CEO Raj Kiran Rai G, the back office central office digitization department withdrew its official instruction which required all employees to dress according to a define a color code on the nine days of Navratri. The employees, who […]

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Union Bank of the Philippines opens Fintech headquarters in Singapore

UBX, a fintech subsidiary of Union Bank, is expanding its operations in Singapore while considering growth in Asia. UBX, the financial technology venture capital studio and Union Bank fund, hopes its Singapore headquarters will be a bridge for startups to enter the Philippine market, according to an announcement made on Tuesday. The operations will be […]

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Fitch Ranks Union Bank Outlook ‘B-‘

Through Omodele Adigun Following As part of a comprehensive rating process, Fitch Ratings has confirmed Union Bank’s long-term issuer default rating of “B-” with a stable outlook. The lender’s long-term national rating was also upgraded from “BBB-” to “BBB”, with its short-term national rating upgraded from “F3” to “F2”. According to the rating agency, the […]

Union bank

Fitch Union Bank B- rate, outlook stable

Fitch Ratings has confirmed Union Bank’s long-term issuer default rating of ‘B- with a stable outlook. A statement titled “Fitch says Union Bank is at ‘B-‘, outlook stable,” said this followed a full rating process. The lender’s long-term national rating was also upgraded from “BBB- (nga)” to “BBB (nga), and its national short-term rating was […]

Union bank

US Bancorp agrees to buy MUFG Union Bank for US $ 8B

US Bancorp has agreed to buy the US regional bank from Mitsubishi UFJ Financial Group for around US $ 8 billion, spanning the west coast as consolidation in the financial sector intensifies. MUFG Union Bank NA’s price includes $ 5.5 billion in cash and about 44 million US Bancorp common shares, according to a statement […]

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Union Bank will continue to focus on retail banking, SMEs

Through Chinwendu Obienyi In In order to remain the most reliable partner for Nigerian businesses, the Union Bank of Nigeria Plc (UBN) said it will continue to focus on retail banking and SME support. Its brand and marketing director, Ogochukwu Ekezie-Ekaidem, said this in an interactive session with senior bank officials via zoom. Ekezie-Ekaidem explained […]

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Union Bank Sees ‘Huge Opportunity’ for GR Region Market Share with New Headquarters

BIG FAST TWP. – The move of its head office closer to Grand Rapids will give Union Bank greater presence in a growing market in recent years. The Lake Odessa-based community bank opened the new office at 670 Cascade West Parkway SE in Grand Rapids Township last month. Conceived by Ghafari Associates inc., the office […]