The Union Bank of India plans to move to a new tax regime in the next fiscal year. He will use Rs 12,000 crore – available in the Deferred Tax Asset (DTA) pool – to offset any tax liability. The public sector lender plans to raise capital via Rs 1,000 crore in additional […]
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 […]
ICICI Securities has a call to buy on City Union Bank with a target price of Rs 200. The current market price of City Union Bank Ltd. is Rs 140. The period given by the analyst is one year when the price of City Union Bank Ltd. can achieve the set goal. . City Union […]
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 […]
Centrum Broking has purchased City Union Bank Ltd. with a target price of Rs 225. The current market price of City Union Bank Ltd. is Rs 141.15. The period given by the analyst is one year when the price of City Union Bank Ltd. can achieve the set goal. City Union Bank Ltd., incorporated in […]
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 […]
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 […]