Union bank

Ambit Finvest and Union Bank to co-lend underserved MSMEs

Ambit Finvest and Union Bank to co-lend underserved MSMEs New Delhi, March 2 (KNN) Ambit Finvest, a Non-Banking Finance Company (NBFC) has signed a co-loan agreement with Union Bank of India (UBI) to serve the most deserving and underserved Micro, Small and Medium Enterprises (MSMEs). Ambit Finvest is the Non-Banking Financial Company (NBFC) that does […]

Union bank

Union Bank of India Balance Check Online and by Number: Easy Ways to Check Union Bank of India Account Balance

Union Bank of India (also known as Union Bank or UBI) is one of the country’s leading public sector banks, serving over 120 million customers. The bank offers a range of top-notch banking services, including an easy and convenient method to check account balance online. Union Bank customers can check their bank balance using mobile […]

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Union Bank’s third quarter net profit rises 49% to Rs 1,085 crore due to lower provisions and growth in NII

Union Bank’s gross advances rose by 2.7% year on year to stand at Rs 6.69 lakh crore. Union Bank of India on Monday reported a 49% year-on-year rise in net profit to Rs 1,085 crore in the October-December quarter, helped by lower provisions and healthy growth in net interest income (NII). However, the bank’s net […]

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Union Bank banking services now available on WhatsApp

Union Bank of India has started offering its banking services on WhatsApp. Powered by Infosys Finacle, the new service called Union Virtual Connect (UVConn) will offer the bank’s retail customers personalized, instant and secure everyday banking services. “We have always strived to build lasting relationships with our customers by providing simple, fast and contextual […]

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Vedanta Ltd raises secured term loan of Rs 8,000 crore from Union Bank of India

Metals and mining company Vedanta Ltd raised a secured term loan of Rs 8,000 crore from Union Bank of India at 7.75% last month and used the proceeds to prepay debt high cost increased to more than 10% two years ago, people familiar with the development said. Vedanta Ltd will save at least Rs 200 […]

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City Union Bank launches fitness watch debit card in partnership with GOQii

City Union Bank, the oldest private sector bank in India, in association with preventative healthcare platform based on smart technologies GOQii and powered by the National Payments Corporation of India (NPCI), has launched a portable payment solution called CUB fitness watch debit card. “We have used cutting-edge technology to enable our customers to transact digitally […]

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BBB unlikely to recruit private candidates for Union Bank of India top spot

Banks Board Bureau (BBB), which has been tasked with recommending candidates for the top positions in public sector banks, is unlikely to invite candidates from the private sector to participate in the selection process for the CEO position and CEO of Union Bank of India (UBI). He had recently stunned the banking world after removing […]

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Opening of the VAPT laboratory at the Cyber ​​Security CoE of Union Bank

Union Bank of India has set up an automated Vulnerability Assessment and Penetration Testing (VAPT) laboratory at its Cybersecurity Center of Excellence in Hyderabad and launched a cybersecurity awareness kit. “With the establishment of the laboratory, the bank can quickly perform security testing of any new product and deployment can be possible very quickly,” said […]

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Union Bank of India begins lending at alternative benchmark rate and replaces Libor

The Union Bank of India (UBI), through its international banking division, announced on Wednesday that for lending purposes, it has replaced the London Interbank Offered Rate (LIBOR) with the Alternative Reference Rate (ARR). ). This change is in line with the Reserve Bank of India forcing all banks and other financial institutions to stop using […]

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Union Bank of India’s Digital Banking Initiative – Launches Cybersecurity Awareness Kit and Automatic VAPT Lab | APN News

Previous story: Jacquie Cope of the Peabody Companies receives the iPodS Award for Injured Veterans for her nonprofit service Next story: Wyplay and Sceenic join forces to offer co-viewing solutions to TV operators Union Bank of India’s Digital Banking Initiative – Launches Cyber ​​Security Awareness Kit and VAPT Auto Lab Posted on January 5, 2022 […]

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Union Bank of India Ranks 3rd in EASE Reforms | AFN News

Previous story: Multi-brand auto service centers are the future of India’s auto service industry Union Bank of India ranks 3rd in EASE reforms Posted on December 29, 2021 The adoption of sound lending practices and a credit monitoring and recovery mechanism was the highlight of the Bank’s performance in the second quarter of FY21-22. Calcutta […]

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the managing director of Atul Kumar Goel PNB; The hunt is on for Union Bank CEO – The New Indian Express

Through Express news service NEW DELHI: The Cabinet Appointments Committee (ACC) has approved the name of Atul Kumar Goel, who is currently Managing Director and CEO of UCO Bank, as the Special Service Office at Punjab National Bank. “The order will come into effect from the date of entry into office of said office until […]

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BBB calls for applications for the post of Managing Director of Union Bank of India

The Banks Board Bureau (BBB), the headhunter for public banks and financial institutions, has called for applications for the post of Managing Director and Managing Director of Union Bank of India for a three-year term. The post of Managing Director and CEO would become vacant at Mumbai-based Union Bank of India when Rajkiran Rai G […]

Union bank

BBB Is Calling for Applications for Union Bank of India MD Position

The Banks Board Bureau (BBB) ​​has called for applications for the post of Managing Director and Managing Director of Union Bank of India for a term of three years. The post of Managing Director and CEO would become vacant at the Mumbai-based Union Bank of India when Rajkiran Rai G retires in June 2022. According […]

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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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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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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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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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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 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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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 […]

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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 […]

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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 […]

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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 […]

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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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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 […]

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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. . […]

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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 […]

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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 […]