Page 5 - Union Bank Of India

Surge in market valuations may give PNB, three other PSBs largecap status

Elevation expected during reclassification by Amfi next month

Seeing stress in MSME sector... had slippages of Rs 3K cr: A Manimekhalai

MSMEs showing signs of stress, says A Manimekhalai, managing director and chief executive, Union Bank of India

Union Bank's Q4 net rises 93.3% to Rs 2,782 cr on healthy growth in NII

The board of directors has recommended a dividend of Rs 3.0 per share (Rs 10 each) for FY23, subject to shareholders' approval, the Mumbai-based lender informed BSE

Union Bank of India board approves raising Rs 10,100 crore capital

Most banks have been taking board approvals in the new financial year for capital raising to support their growth plans

Nifty PSU Bank index surges 4% amid rebound in Adani group stocks

SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.

Union Bank of India reports two-fold jump in Q3 profit at Rs 2,245 cr

Union Bank of India on Friday reported two-fold jump in standalone profit at Rs 2,245 crore for third quarter ended December 2022 helped by decline in bad loans

PSBs in focus; UCO Bank, Indian Overseas, Union Bank surge over 5%

Motilal Oswal Financial Services believes that sustained and consistent performance on delivering healthy return ratios can result in further re-rating of the stocks.

Union Bank of India raises Rs 663 cr from AT-1 bonds under Basel-III norms

State-owned Union Bank of India on Friday said it has raised Rs 663 crore from Tier I bonds to fund business growth. "...the bank has allotted unsecured, subordinated, non-convertible, perpetual, taxable, fully paid-up Basel III compliant Additional Tier 1 bonds (AT-1) in the nature of debentures eligible for inclusion in Tier 1 Capital," Union Bank of India said in a regulatory filing. The bank raised Rs 663 crore in aggregate from these bonds, it said. Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments or convert them into common equity if approved by the Reserve Bank of India. AT-1 bonds qualify as core or equity capital.

BS BFSI Insight Summit: Who's who of PSBs to take part in panel discussion

From State Bank of India Chairman Dinesh Kumar Khara to Sanjiv Chadha, MD & CEO, Bank of Baroda, here is the list of panelists from public sector banks of India at BSFI Insight Summit

Union Bank likely to sell Rs 780 cr of AT-1 bonds as lenders seek capital

Lenders, particularly state-owned, turn to debt capital markets to finance hefty demand for loans

PSB index soars 3%; these three constituents have zoomed over 50% in 1 mth

In the past one month, the Nifty PSU Bank index has rallied 17.4 per cent as against a 2.1 per cent gain in the S&P BSE Sensex

Retail CBDC a game-changer, should improve monetary transmission: SBI chief

Anonymity factor is critical for its acceptance, asserts Dinesh Khara

e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot

Aims to involve 50,000 merchants, customers in the next few days

Union Bank raises Rs 2,200 cr in tier II capital for business growth

Public sector lender plans tier I bond of Rs 700 crore before financial year closes

After up to 44% rally, charts hint more upside in these mid, smallcap stks

Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.

Sensex up 92 points, Nifty holds 18,250; Financials soar, Adani Ent dips 3%

CLOSING BELL: SBI, Bajaj Finance gain, while Adani Enterprises slips in trade on Wednesday. Debutant Inox Green Energy ends at 9 per cent discount to its issue price.

Union Bank likely to sell tier-2 bonds worth Rs 2,000 crore next week

Tier-2 bond sale plan comes amid sharp decline in bond yields

Union Bank of India m-cap crosses Rs 50,000 cr; stock surges 61% in a month

In the past one month, shares of Union Bank of India zoomed 61 per cent, as against 4 per cent rise in the S&P BSE Sensex

Union Bank of India secures second rank on IBA's EASE reforms index

/ -- Union Bank of India is ranked 2nd as per the report on EASE Reforms Index for Q1 FY 2022-23 by Indian Banks' Association (IBA). Union Bank of India is the 2nd Best Bank in adopting reforms prescribed for Public Sector Banks. Union Bank of India has been doing well in areas related to enabling various digital journeys for customer convenience, upgrading analytics & big data capabilities for personalized offerings & proactive reach out to customers, adopting modern technology capabilities for integrated banking experience, collaborative banking for higher efficiency, employee development and better governance measures resulted in Bank improving its rank up by two notches. The performance of PSBs is measured on five themes under EASE 5.0, in which, Union Bank of India has set the benchmark under the two themes i.e., 'Modern Technology Capabilities' and 'Employee Development and Governance'. The bank has also achieved 1st runner-up position in theme 'Digitally - enabled ...

CBDC bond trades surge; volumes jump double-fold in second week

Bulk of CBDC wholesale pilot trading concentrated in liquid 5-yr, 10-yr bonds