Page 9 - Union Bank Of India

Beyond Budget Headlines with AKB: Why bad banks are a bad, bad idea

Tune in to this podcast to learn which big schemes could get more funding and which the axe, and if setting up multiple bad banks would be a good idea, among other things

S&P affirms Union Bank's long, short term rating, revises SACP to 'BB-'

The bank's capital buffers have weakened due to the its merger with Andhra Bank and Corporation Bank earlier this year

Union Bank of India raises Rs 500 cr by issuing Basel III compliant bonds

State-owned Union Bank of India on Tuesday said it has raised Rs 500 crore debt capital by issuing Basel III compliant bonds. The bank has allotted unsecured, subordinated, non-convertible taxable perpetual fully paid-up Basel III compliant debt instruments in the nature of debentures aggregating to Rs 500 crore on December 15, 2020, Union Bank of India said in a regulatory filing. To comply with Basel-III capital regulations, the banks need to improve and strengthen their capital planning processes. These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks. Shares of Union Bank of India on Tuesday closed 1.03 per cent lower at Rs 33.50 apiece on the BSE.

Union Bank of India plans to raise up to Rs 6,800 cr to fund biz growth

State-owned Union Bank of India on Wednesday said it proposes to raise up to Rs 6,800 crore during this fiscal to fund business growth.

Union Bank of India proposes to raise Rs 1,000 cr from bonds to fund biz

State-owned Union Bank of India on Tuesday said it will raise up to Rs 1,000 crore from bonds to fund business growth.

Union Bank board to consider seeking shareholders' nod for raising funds

The Board of Directors of Union Bank of India will meet on Wednesday, November 25 to consider seeking shareholders' approval for raising capital by several modes

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