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Union Bank News

RBI imposes Rs 1 crore fine on Union Bank for delay in fraud detection, reporting

RBI had issued a show cause notice to the bank on January 15, 2018, asking why a penalty not be imposed on Union Bank of India under the Act.

Fourth quarter result: Union Bank posts Rs 2,583-crore loss

On the asset front, bank's gross non-performing assets (NPAs) rose to 15.73 per cent of gross advances by the end of March 2018 from 11.17 per cent in the year-ago period.

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RBI slaps Rs 3-crore penalty on Union Bank

The second case related to a complaint regarding “huge cash withdrawals in certain accounts”.

‘Make in India’ push: Union Bank cuts rates for MSMEs

Reduction by as much as 200-375 bps for investment grade loans.

Briefly Business: RBI extends bank’s spl forex window

The RBI on Friday allowed banks to utilise the special window till December 31 to borrow forex against their core capital but with riders.

Earnings of five state-run banks better than expected

Star performer Bank of India's profit soared over 105% to Rs 622 crore in September quarter.

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Union Bank of India Q1 profit rises 9.5 percent to Rs 560 crore

State-run bank had a profit of Rs 511.59 crore during the same period of the previous fiscal.

Bank shares tank up to 6% amid govt plans for higher borrowing

Bank shares today slumped by as much as 6% on liquidity concerns in banking system.

Axis Bank cuts FD rates by 25 bps

Deposits with tenure of 1 yr-18 mths to give lower returns as lender seeks to cut cost of funds.

Driver of ATM van sedates guards,flees with Rs 51L

Another ATM cash van was reportedly robbed in Northwest Delhi on Saturday.

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