Page 10 - Union Bank Of India

Union Bank posts net profit of Rs 517 cr in Q2, NII rises 6% to Rs 6,293 cr

The non-interest income, including fees, fell 7.39 per cent to Rs 2,308 crore in the September quarter

Union Bank of India sees net profit jump 55% to Rs 517 crore in Q2

State-owned Union Bank of India on Friday reported a 55.3 per cent jump in its net profit at Rs 517 crore in the second quarter ended September.

MARKET WRAP: Indices end flat, Sensex up 60 pts; ITC, TCS rise nearly 2%

All that happened in the markets today

Union Bank of India shares close nearly 2% higher after Q1 earnings

Shares of Union Bank of India on Monday closed with nearly 2 per cent gains after the lender reported a standalone net profit of Rs 333 crore for the June quarter.

Bank stks in focus; Nifty Bank adds over 2.5%; IDFC First gains 7%, SBI 2%

Global agency Moody's pegs the banks' recap needs at Rs 1.9 lakh crore to Rs 2.1 lakh crore ($25 billion-$28 billion) in external capital over the next two years under its base scenario

SBI, PNB, BoB may go for share sale in FY21 to shore up capital: Report

According to the sources, banks would get a better picture about their Non-Performing Assets (NPAs), one-time loan restructuring and consequent ratings latest by the end of October

Banks to resume wage revision talks with trade union leaders on July 22

Discussions will factor in the impact of the pandemic on banks' finances

Loss-making banks back to black but little to cheer

Pain and uncertainty will be a way of life for many banks in 2021. For a few, the light at the end of the tunnel has turned into a flicker

Union Bank of India, UCO Bank reduce MCLR by 20 bps and 10 bps

UCO Bank's revised one-year MCLR will be 7.50 per cent, down from the current 7.60 per cent.

Union Bank of India reduces MCLR by 20 bps across tenors effective July 11

Post the reduction, MCLR across tenors ranges from 6.85 per cent to 7.40 per cent

Union Bank revamps Insurance distribution channels post amalgamation

Bank executives said Reliance General Insurance is no longer part of tie-up under new arrangement

Covid-19 disruption an opportunity for firms to re-strategise: UBI chief

Rajkiran Rai G said digital is going to be a big wave for both banks and businesses following the coronavirus pandemic

Union Bank of India reports pre-tax loss of Rs 3,359 crore in Q4

It posted a net loss of Rs 2,503.1 crore in Q4FY20, against a loss of Rs 3,369.2 crore in the same period a year ago.

Union Bank reports narrowing net loss of Rs 2,503 cr in March quarter

The bank had posted a net loss of Rs 3,369.23 crore during the same quarter of the previous financial year

Bank of Baroda, Union Bank of India reduce lending rates across all tenors

Bank of Baroda has revised its one-year MCLR to 7.65 per cent from 7.80 per cent

Covid-19 relief: You can defer 3 EMIs but that may be a very costly option

SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs

We might raise capital through AT-1 bonds in H2, says Rajkiran Rai G

Union Bank of India's Rajkiran Rai G, in an interview with Abhijit Lele, talks about managing the integration of banks amid lockdown, raising capital

Market Ahead, April 1: Top Factors That Could Guide Markets Today

Starting today, automobile companies will starting releasing sales numbers for March. According to a Business Standard report, these auto sales for the month could see a 50 per cent YoY

Union Bank of India reduces lending rates by 75 bps in line with RBI cut

The new rate will be applicable for all floating-rate personal or retail loans (such as housing and automobiles) and floating-rate loans to micro, small and medium enterprises

Covid-19 crisis: UBI sets up emergency funding window for corporates, MSMEs

All MSME/agriculture borrowers are eligible for a loan up to Rs 10 crore and others up to Rs 50 crore