Union Bank of India Ranks Third in PSB Reforms
Union Bank of India ranked third amongst 12 PSBs in the EASE 4.0 Reforms Index for Q1 FY22, as per the Indian Banks’ Association (IBA)....
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Union Bank of India Inks its First Linked Overseas Loan
Union Bank of India, through its international banking division, has secured a sustainability-linked loan aggregating to a total syndicated facility of $1.5 billion with one...
DHFL Creditors, Depositors Reject Distribution Proposal
The committee of creditors (CoC) to Dewan Housing Finance Corp. Ltd (DHFL) has overwhelmingly rejected a proposal to increase recoveries for smaller investors, including fixed...
Kotak Special Fund Readies for Rs 700 Cr Deal
The alternative investment arm of Kotak Investment Advisors Ltd will deploy half its $1 billion funds as it prepares to seal its eighth deal, first...
Union Bank Surges 5% On Rs 1,000 Crore Fund
Shares of Union Bank of India jumped 5 per cent in Wednesday’s trade after the state-owned bank said it will raise Rs 1,000 crore from bonds to...
Sensex Hits Fresh Record High Led by Banking and IT Stocks
Sensex hit a record high of 41,185.03 points, and at 9.30 am it was 0.24 per cent higher at 41,108.48 points. Nifty climbed 0.3 per...
Allahabad Bank Dips 2%, PSU Bank Shares Slips
In Thursday morning session, shares of various PSU banks were trading in red with losses; were shares of Allahabad Bank were down by 1.84 per...
Union Government To Infuse More Than Rs. 48,200 Crores In 12 PSBs
The government, on Wednesday, has announced to infuse Rs. 48,239 crores into 12 public sector banks in 2018-19 in order to help them meet capital...
Government Planning To Bring Down Stake In Public Sector Banks
According to the Government official, the Finance Ministry is trying to bring down the government’s equity in the Public Sector Banks (PSBs) to 52%, in...
Union Bank of India Net Profit For Q2 FY19 Stands At Rs. 139 Crores
Union Bank of India has posted a net profit of Rs 139.03 crores for the September-end quarter, on lower provisioning for bad loans. State-owned bank...