Union Bank Of India

India needs bigger, more global-scale banks for 2047 goal: Banking leaders

To achieve Viksit Bharat goal, India must build more globally-scaled banks with robust financial strength, deep talent pool, and tech sophistication, said experts at Business Standard BFSI Summit 2025

Asheesh Pandey named MD of Union Bank; Kalyan Kumar to head Central Bank

The government has appointed Asheesh Pandey as managing director (MD) and CEO of Union Bank of India and Kalyan Kumar as head of Central Bank of India for a period of three years. The Appointments Committee of the Cabinet headed by the Prime Minister approved these appointments for an initial period of three years, sources said. Pandey, currently Executive Director of Bank of Maharashtra, has been appointed as MD and CEO of Union Bank of India for a period of three years with effect from date of assumption of charge of the office. Kumar, Executive Director of Punjab National Bank (PNB), will succeed M V Rao as MD and CEO of Central Bank of India after his superannuation in July. The Financial Services Institutions Bureau (FSIB) on May 30 recommended Pandey and Kumar for the post of MD and CEO of Union Bank of India (UBI) and Central Bank of India, respectively. FSIB is headed by former Department of Personnel and Training Secretary Bhanu Pratap Sharma. Other members of the headhu

Systematix bullish on PSBs; BoB, Union Bank may rise up to 30%: Here's why

Systematix noted that PSBs witnessed a remarkable turnaround in FY25, reversing the decade-long decline in their advances market share

Union Bank SO recruitment 2025: Apply for 250 wealth manager posts online

Applications are being accepted for 250 Specialist Officer Posts at Union Bank of India. By Aug 25, 2025, applicants may submit their applications online at unionbankofindia.co.in

SC cancels Dheeraj Wadhawan's bail in DHFL scam, asks surrender in 2 weeks

The Supreme Court cancels bail of ex-DHFL promoter Dheeraj Wadhawan in ₹34,000 crore bank loan scam case; rejects medical ground, directs him to surrender before jail in two weeks

SC cancels bail granted to Dheeraj Wadhawan in multi-crore loan scam case

The Supreme Court on Tuesday cancelled bail granted to former DHFL promoter Dheeraj Wadhawan in the multi-crore bank loan scam case. A bench of Justices Sanjay Kumar and Satish Chandra Sharma passed the order after perusing the report filed by a medical board and directed Wadhawan to surrender within two weeks. The Delhi High Court on September 9, 2024 granted him bail on medical grounds saying Wadhawan fell within the parameters of a "sick person". The order came on an appeal filed by the CBI appeal against the high court order. Additional Solicitor General S V Raju, representing the agency, had earlier said said Wadhawan suffered from no serious medical ailments and huge amounts of money were siphoned off in the case. The Wadhawan brothers -- Kapil and Dheeraj-- were arrested in this case in July 2022. The agency filed a chargesheet in October 2022 following which a court took its cognisance. The FIR was registered on a complaint made by the Union Bank of India, which alleged

Union Bank of India puts 10 Future Group brands on block to recover dues

Union Bank of India has listed 10 brands from Future Brands Ltd, part of Kishore Biyani's Future Group, for auction in August to recover dues of over Rs 181 crore under SARFAESI

Union Bank of India waives charges for non-maintenance of minimum balance

Union Bank of India waives charges for non-maintenance of minimum balance in general savings accounts, effective from September quarter-end, to support inclusivity

Union Bank of India stock drops 3% post Q1 results: Buy, sell or hold?

At 12:25 AM, shares of Union Bank of India were trading at ₹143.10, down by 2.19 per cent on the National Stock Exchange.

Not HDFC or YES Bank: These 3 bank stocks can rally up to 16%, say charts

Here's a technical outlook on HDFC Bank, ICICI Bank, YES Bank, RBL Bank, Union Bank of India post Q1 results.

Union Bank Q1 net up 11.9% at Rs 4,116 crore driven by lower provisions

State-owned Union Bank of India on Saturday reported a 12 per cent rise in net profit to Rs 4,116 crore during the first quarter of this financial year. The Mumbai-based lender had earned a net profit of Rs 3,679 crore in the same quarter of the previous fiscal year. The total income rose to Rs 31,791 crore during the June 2025 quarter from Rs 30,874 crore in the year-ago period, Union Bank of India said in a regulatory filing. Interest earned by the bank improved to Rs 27,296 crore compared to Rs 26,364 crore in the June quarter of FY25. However, net interest income declined to Rs 9,113 crore during the quarter against Rs 9,412 crore a year ago. The bank's operating profit also dropped 11 per cent to Rs 6,909 crore from Rs 7,785 crore in the same quarter of the preceding fiscal. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.52 per cent of gross advances at the end of the June quarter from 4.54 per cent a year ago. Its gross adva

Union Bank shares crack 6% after Q1 business update; details here

Union Bank of India shares fell 6 per cent after it reported a sequential decline in several key operational metrics for the June quarter

Union Bank of India to garner ₹6,000 crore through equity, debt mix

The decision in this regard was taken in the board meeting held on Wednesday, Union Bank of India said in a regulatory filing

PSU bank stocks rally on cheap valuation, Q4 boost; will the momentum last?

Despite private banks performing strongly in 2025 so far, the last three months have seen a sharp reversal, with PSU banks taking the lead.

Asheesh Pandey, Kalyan Kumar recommended to head UBI, Central Bank

FSIB interviews 23 candidates and recommends Asheesh Pandey for UBI and Kalyan Kumar for Central Bank; final nod awaits approval by Appointments Committee of the Cabinet

RBI fines Union Bank ₹63.6L, Lendbox ₹40L for regulatory breaches

The Reserve Bank of India (RBI) on Friday said it has imposed penalties on Union Bank of India and Transactree Technologies for non-compliance with certain regulatory norms. A penalty of Rs 63.6 lakh has been imposed on Union Bank of India for non-compliance with the certain provisions of Banking Regulation Act, 1949 and certain directions on 'Credit Flow to Agriculture -- Collateral free Agricultural Loans', the RBI said. In another statement, it said a penalty of Rs 40 lakh has been imposed on Transactree Technologies Pvt Ltd (also referred to as 'Lendbox') for non-compliance with certain provisions of the 'Non-Banking Financial Company -- Peer to Peer Lending Platform (Reserve Bank) Directions, 2017'. In both cases, the RBI said the penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the entities with its customers.

Canara, Union Bank announce special deposit schemes to boost growth

Amid muted deposit growth, Canara and Union Bank launch targeted deposit products offering higher interest, health insurance, and personalised support services

Union Bank Q4 results: Profit surges 50% but warns of margin pressure ahead

State-owned Union Bank of India's March quarter net profit jumped 50 per cent to Rs 4,985 crore, and a top official Friday said RBI's rate cuts will keep its net interest margins under pressure going forward. The bank had earned a net profit of Rs 3,311 crore in the same quarter previous fiscal. Total income rose to Rs 33,254 crore in the quarter as compared to Rs 31,058 crore in the same period a year ago. Speaking to reporters here, Managing Director and chief executive A Manimekhalai declined to comment on the controversy surrounding allegations of impropriety in the bulk purchase of a book by former chief economic advisor Krishnamurthy Subramanian by the bank. She also did not answer a specific question on whether the senior management's role is being investigated in the matter. In results released late last evening, the bank reported that the core net-interest income was almost flat at Rs 9,514 crore in the March quarter, while the 18 per cent growth in non-interest income a

Select banking stocks rebound; YES Bank, Union Bank surge up to 8%

At 11:27 am; Nifty PSU Bank, the sole gainer among sectoral indices, was up 1.32 per cent, as compared to 0.91 per cent decline in Nifty 50.

Q4 results today: L&T, Union Bank, Britannia, Zeel, Asian Paints on May 8

Q4 FY25 company results today: Titan, Kalyan Jewellers, IIFL Finance, and Rec will be among 74 companies to post earnings reports for the January-March quarter on May 8