- Union Bank of India Q1 net profit down 23% on high provisions, rise in NPAs
Union Bank of India posted a 22.7% decline in net profit for Q1 ended June 30 at Rs 464.4 crore on high provisions and growth in bad assets.
- RBI may hike interest rates by another 25 basis point: MV Nair, CMD, Union Bank
In an interview with ET Now, MV Nair, CMD, Union Bank, shares his outlook on the economy and RBI policy. Excerpts:
- Expect 23-25% credit growth in FY12: MV Nair, CMD, Union Bank
MV Nair, CMD, Union Bank in an interview with ET Now talks about the expected credit growth of the bank in the coming year.
- UBI plans USD 200 mn bond issues in Q4
Apart from the MTN issue, UBI is also expecting Rs 1,200 crore capital infusion from the government in the next three to four months, Nair ...
- Union Bank's AMC to become operational by Dec
Union Bank of India on Monday said its asset management company will start operations by December.
- Maharashtra wants Rs 3 cr from MSC Chitra for clean-up drive
The Maharashtra government has sought Rs 3 crore from cargo vessel MSC Chitra for clean-up operation carried out off the city coast after i...
- UBI CMD denies I-T dept’s charge
State-owned lender Union Bank of India (UBI) has denied the tax department’s allegations that transactions over Rs 10 lakh were not reporte...
- IBA meet to decide on other ATM withdrawals
Banks will meet on Friday under the aegis of the Indian Banks’ Association (IBA) to decide on curbs to be placed on withdrawals through thi...
- Union Bank of India to take a call on rate cuts
Public sector Union Bank of India said it would decide on cutting lending rates in July, when its cost of funds comes down.
- More bankers get interview call for RBI dy guv’s post
In an unexpected turn of events the government has sounded out three more bank chairmen - KC Chakrabarty, MV Nair and MD Mallya - for the p...
- Union Bank to reschedule loans of SMEs
Union Bank on Thursday said it has taken a series of measures to help the micro, small and medium enterprises (MSMEs) facing liquidity cris...
- Union Bank to raise Rs 1000 crore via debt
State-run Union Bank of India plans to raise Rs 1000 crore via debt in a month's time, Chairman MV Nair said on Monday.
- Union Bank of India sees 22 pct loan growth in FY09
State-run Union Bank of India is looking at a loan growth of 22 percent and a deposit growth of 23 percent in FY09, a top official said on ...
- Union Bank plans property revaluation to boost its CAR
Union Bank of India (UBI) is considering an option to revalue its property to boost its capital adequacy ratio (CAR).
- UBI hawks savings a/cs to street vendors
Union Bank of India (UBI) has initiated a financial inclusion plan for hawkers in Mumbai by enabling them to open saving bank accounts with...
- UBI opens representative office in Shanghai
As part of its ambitious overseas expansion plans, the Union Bank of India (UBI) opened its first representative office (ro) in China's fin...
- Union Bank to set up shop in HK, Doha
Public sector Union Bank of India has planned to set up shop in Hong Kong and Doha.