Recent Highlights
All Stories for Union Bank
NBCC to submit revised bid to acquire Jaypee Infratech by 25 April, complete housing projects
• 6 years agoIn its earlier resolution plan, NBCC offered 1,400 acre land worth Rs 6,000 crore as well as Yamuna Expressway to lenders.
PNB, Bank of Baroda, Union Bank, two other PSU lenders get capital infusion of Rs 21,428 crore from govt
• 6 years agoThe 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
RBI slaps Rs 7 cr fine on four banks for non-compliance with various directions, regulatory filings
• 6 years agoThe 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
Union Bank of India sues fugitive jeweller Nirav Modi in Hong Kong court over fraud, says report
• 6 years agoNirav 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.
ICICI Bank files insolvency plea against Jaiprakash Associates in NCLT; matter to be heard on 17 September
• 6 years agoIf NCLT allows the plea of the ICICI bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.
RBI policy: If you're seeking auto, home loans, better hurry; the era of cheap money may soon be over
Dinesh Unnikrishnan123 • 7 years agoInterest rates are like to go up further if the RBI's MPC signals a hawkish stance on Wednesday
PNB scam fallout: RBI does well to stop LoUs, it's never too late to learn from mistakes
Muralidharan • 7 years agoLoU can be likened to a general character certificate an applicant in the job market is expected to obtain from referees
CIBIL-like regime for corporate loans need of the hour, CRISIL-like regime not enough
Smurlidharan • 7 years agoWhat raises eyebrows is the absence of a similar regime for corporates like CIBIL who are by far the heaviest borrowers and defaulters.
Narendra Modi govt unveils big revival plan for ailing banks, to front-load Rs 1 lakh cr into PSBs this fiscal
Ians • 7 years agoThe recapitalisation of banks would be accompanied by strong reforms package across six themes incorporating strong action points, an official statement said.
Maharashtra farm loan waiver: Prithviraj Chavan writes to Urjit Patel, seeks inquiry into lapses by banks
Sanjays • 7 years agoAs Maharashtra's farm loan waiver increasingly comes under Opposition criticism and media scrutiny, Prithviraj Chavan has written to RBI Governor Urjit Patel.