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Union Bank of India News
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Union Bank of India reduces MCLR by 10 bps across all tenors - Check new interest rates
Wed, Jun 10, 2020
Union Bank of India on Wednesday announced a reduction in its Marginal Cost of Funds- based Lending Rate (MCLR) by 10 points, across all tenors.
Bank account holder? Interest rates of these lenders to change; Know impact on your pocket
Mon, Jun 01, 2020
Many banks have made changes in their interest rates over the last few days. If you are a Union Bank of India or Bank of India customer, then you should know the new interest rates that have come into effect from 1 June
Good news for borrowers from Union Bank of India, loans become cheaper
Sat, May 30, 2020
In a bid to provide relief to the borrowers post-lockdown, the Union Bank of India has reduced its External Benchmark Lending Rate (EBLR) by 0.40 per cent to 6.8 per cent.
Union Bank of India customer? Your home, auto loans are set to get cheaper
Tue, Mar 31, 2020
Union Bank of India has reduced its MCLR by 25 BPS across all tenors. Accordingly, the one year MCLR stands at 7.75%, down from 8.00%. The new rates will come into effect from April 1, 2020.
Good news for borrowers! Union Bank of India reduces MCLR by 10 bps
Tue, Mar 10, 2020
In what comes as a good news for borrowers, the Union Bank Of India reduces has reduced MCLR by 10 bps across all tenors' for your perusal.
SBI, Union Bank of India, Bank of Baroda, others allegedly duped of Rs 568 cr by Mumbai jeweller
Fri, Dec 13, 2019
Following a complaint lodged by a bank, the CBI has booked the three directors: Paresh Chhabildas Shah, Sahil Paresh Shah and Viraj Chetan Shah under various sections of the IPC and PCA.
Modi government announces mega merger of public sector banks
Fri, Aug 30, 2019
Finance Minister Nirmala Sitharaman announced a mega-merger plan for public sector banks, with Union Bank of India, Andhra Bank and Corporation Bank getting merged into a single entity.
On lines of SBI, these PSUs to offer repo rate linked home, auto consumer loans soon
Tue, Aug 13, 2019
To address this complaint of customers, many government banks have now decided to offer repo rate linked products, in which the rate of interest will be on lines of RBI's rate cut.
Get SBI loan in just 59 minutes! How State Bank of India, other PSBs are looking to empower borrowers
Tue, Jul 23, 2019
Five of the largest banks in India including State Bank of India (SBI), Union Bank of India, Oriental Bank of Commerce, Corporation Bank, Andhra Bank have joined hands to offer ‘PSB Loans in 59 Minutes‘ scheme to empower the MSMEs.
Union Bank to raise Rs 6,000 crore this fiscal through securities
Wed, May 15, 2019
Union Bank of India (UBI) Wednesday said it plans to raise up to Rs 6,000 crore this fiscal through securities to meet its capital requirement.
Union Bank expects Rs 3,000 crore recoveries from three NCLT accounts: Rajkiran Rai, MD & CEO
Wed, May 15, 2019
During an interview with Zee Business, Rajkiran Rai G, Managing Director & CEO, Union Bank of India, speaks about additional provision following central bank’s inspection report, recovery situation and outlook on loan growth among others.
The Big Bank Theory! PNB + UBI + BOI merger next after BoB, Vijaya, Dena Bank?
Tue, Apr 30, 2019
Merging small banks is one of the ways in which the government is trying to tackle the NPA crisis.
Union Bank of India to raise up to Rs 600 cr by issuing shares to its employees
Thu, Jan 03, 2019
State-owned Union Bank of India Thursday said it would raise up to Rs 600 crore by issuing shares to its employees under the staff stock purchase scheme.
Did RBI just impose Rs 10 mn penalty on your bank? Check now
Fri, Sep 07, 2018
These banks were blamed for contravention of instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI.
Era Infra Engineering case: Banks ignored CDR red flags; Rs 10,000 cr debt recovery goes for a toss
Wed, Jul 18, 2018
The 18 lenders of Era Infra Engineering (EIEL) chose to miss every possible chance to recover more than Rs 10,000 crore debt from the Delhi-based infrastructure firm, it is now revealed.
Defaulter Rotomac owner Kothari says he will not leave the country
Mon, Feb 19, 2018
Kothari had taken a loan of more than Rs 800 crore from five state-owned banks
Now, Rotomac Pen's Rs 800 crore defaulter Vikram Kothari flees country
Sun, Feb 18, 2018
Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India compromised their rules to sanction loans to Rotomac, the sources said.
RBI to resolve bad loans of nearly 1,500 accounts with PSBs
Mon, Jan 08, 2018
As of September 2017, PSBs' gross non-performing assets (GNPA) stood at Rs 7.34 lakh crore.
Punjab National Bank, Union Bank bad loan growth slows but provisions weigh
Fri, Nov 03, 2017
State-run lenders account for the bulk of India`s 9.5 trillion rupees in soured bank loans as of June. The surge in bad loans has choked new lending in an economy which needs more investment to help spur growth.
Indian Overseas Bank goes live with Bharat Bill Payment system
Sat, Jul 29, 2017
BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.