Latest News on Union Bank
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Union Bank - Total results - 31
May 15, 2019
Union Bank's net loss widens to Rs 3,370 cr in Q4 on higher provisioning; 'worst is over,' says CEOFor the full fiscal, Union Bank reported a net loss at Rs 2,948 crore as against Rs 5,247 crore in FY2018.
Apr 17, 2019
NBCC to submit revised bid to acquire Jaypee Infratech by 25 April, complete housing projectsIn its earlier resolution plan, NBCC offered 1,400 acre land worth Rs 6,000 crore as well as Yamuna Expressway to lenders.
Mar 29, 2019
PNB, Bank of Baroda, Union Bank, two other PSU lenders get capital infusion of Rs 21,428 crore from govtThe capital infusion will be by way of preferential allotment of equity shares of the bank during 2018-19, as government's investment, Bank of Baroda said
Mar 04, 2019
RBI slaps Rs 7 cr fine on four banks for non-compliance with various directions, regulatory filingsThe Reserve Bank has imposed a monetary penalty of Rs 3 crore on Union Bank, Rs 2 crore on Dena Bank, and Rs 1 crore each on IDBI and the SBI for non-compliance with various directions, regulatory filings said on Saturday
Sep 28, 2018
Union Bank of India sues fugitive jeweller Nirav Modi in Hong Kong court over fraud, says reportNirav Modi, 47, has been on the run since February after Indian authorities launched an investigation into his alleged involvement in a Rs 13,600 crore (US$1.8 billion) scam against the Punjab National Bank (PNB), the country's second-largest state-run lender.
Sep 11, 2018
ICICI Bank files insolvency plea against Jaiprakash Associates in NCLT; matter to be heard on 17 SeptemberIf NCLT allows the plea of the ICICI bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.
Jun 05, 2018
RBI policy: If you're seeking auto, home loans, better hurry; the era of cheap money may soon be overInterest rates are like to go up further if the RBI's MPC signals a hawkish stance on Wednesday
Mar 14, 2018
PNB scam fallout: RBI does well to stop LoUs, it's never too late to learn from mistakesLoU can be likened to a general character certificate an applicant in the job market is expected to obtain from referees
Mar 12, 2018
CIBIL-like regime for corporate loans need of the hour, CRISIL-like regime not enoughWhat raises eyebrows is the absence of a similar regime for corporates like CIBIL who are by far the heaviest borrowers and defaulters.
Jan 24, 2018
Narendra Modi govt unveils big revival plan for ailing banks, to front-load Rs 1 lakh cr into PSBs this fiscalThe recapitalisation of banks would be accompanied by strong reforms package across six themes incorporating strong action points, an official statement said.