Latest News on Union Bank Of India
Showing of 0 - 10 from 57 results
Union Bank Of India - Total results - 57
Mar 05, 2019
RBI imposes Rs 11 crore fine on 4 banks for non-compliance in Swift operationsPost the PNB fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kind of their transactions.
Mar 04, 2019
RBI imposes Rs 8 crore fine on three banks for non-compliance of directions on Swift messaging softwareThe Reserve Bank of India has imposed a total monetary fine of Rs 8 crore on three banks - Karnataka Bank, United Bank of India and Karur Vysya Bank - for non-compliance of directions on Swift messaging software
Feb 21, 2019
Shares of state-run banks jump after government announces fund infusion as part of recapitalisation programmeShares of India’s state-run banks jumped on Thursday, a day after the government said it will inject 482.39 billion rupees ($6.79 billion) into some lenders
Feb 20, 2019
Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banksThe finance ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans
Jan 22, 2019
Union Bank reports profit for straight second quarter; core net interest income declines 2.2% to to Rs 2,493 crUnion Bank of India has a Rs 1,100-crore exposure to the troubled infra lender IL&FS of which Rs 1,000 crore slipped into non-performing asset during the reporting period.
Dec 20, 2018
Bank of India eyes Rs 1,200 crore by selling entire 28.96% stake in Star Union Dai-Ichi Life InsuranceStar Union Dai-ichi Life Insurance, which commenced operations in February 2009, is a joint venture between Bank of India, Union Bank of India and the Japanese major Dai-ichi Life Insurance Company
Nov 12, 2018
Backing RBI on NPAs, Finance Minister Arun Jaitley says minimising bad loans alone will ensure credit flowRelations between the RBI and the Finance Ministry have soured in the last month after the North Block started consultations under the never-used Section 7 of the RBI Act
Sep 07, 2018
RBI imposes Rs 1 cr fine on Union Bank of India for delay in fraud detection, reportingRBI had issued a show cause notice to the bank on 15 January, 2018 asking why a penalty not be imposed on Union Bank of India under the Act.
Jun 29, 2018
PNB fraud: Hong Kong banking regulator cracks down on Indian lenders operating in the SAR over suspected irregularitiesBarring the SBI and a private bank, almost all Indian banks in Hong Kong have been subjected to a review and supervisory measures by the Hong Kong Monetary Authority (HKMA)
Jun 28, 2018
SBI to shut down 9 more foreign branches as part of rationalisation; capital a 'constraint' for most banks: Pravin GuptaSBI has operations in 36 countries with 190 branches,