Page 5 - Union Bank
DHFL resolution: Banks may convert debt into equity, says Union Bank
DHFL has become the poster-boy of the NBFC crisis that afflicted the financial sector after the infra-lender IL&FS went belly up last September
 "DHFL resolution: Banks may convert debt into equity, says Union Bank")
Union Bank withdraws eviction notices served to residents of Noida society
The bank had given notices to 200 families of Gardenia Gateway by Gardenia Group in Sector 75, Noida, on August 5, as per the media reports
 "Union Bank withdraws eviction notices served to residents of Noida society")
Union Bank of India Q1 net profit rises 73% as provisions decline
The net interest income of the lender saw a 4 per cent decline at Rs 2,519 crore in this quarter
HDFC reduces prime lending rates on home loans by 10 bps from August 1
For women borrowers, there is an extra 5 bps discount in each category of loans
 "HDFC reduces prime lending rates on home loans by 10 bps from August 1")
Union Bank's elevated credit costs, bad loans to hit capital position: S&P
Weak performance in FY19 on expected lines
 "Union Bank's elevated credit costs, bad loans to hit capital position: S&P")
Union Bank plans to raise up to Rs 4,900 crore in equity in H2FY20
Shareholders' nod for raising equity capital will be sought at its annual general meeting on June 28
 "Union Bank plans to raise up to Rs 4,900 crore in equity in H2FY20")
Union Bank declines 5% post Q3 results announcement
Net NPAs came in at 8.27 per cent against 8.42 per cent in the September quarter. In the year-ago quarter, numbers stood at 6.96 per cent.
 "Union Bank declines 5% post Q3 results announcement")
SC orders status quo on HDIL arm land, next hearing on Feb 13
Apex court was hearing a petition by the RP of Guruashish Construction, HDIL's arm to which MHADA had leased land; firm was admitted into insolvency in July 2017 over Rs 250 cr dues to Union Bank
 "SC orders status quo on HDIL arm land, next hearing on Feb 13")
Union Bank to raise Rs 6 bn by issuing shares to staff under ESPS
The proposal was approved in a board meeting Monday, the bank said in a regulatory filing
Union Bank of India reports Rs 1.39 billion net profit in Q2 FY19
The bank had reported a net loss of Rs 15.3 billion in the July-September period of 2017-18
Union Bank receives board's approval to raise Rs 74 bn in current fiscal
The bank has capped the money to be raised from additional tier I (ATI) bonds or tier 2 bonds to Rs 37 billion within the overall capital raising limit of Rs 74 billion
After PNB and BoI, Union Bank to now rationalise branch, ATM networks
The bank began the groundwork in the third quarter and part of the plan will be implemented in the fourth quarter
Union Bank net profit down 68% in Q1
Net NPA ratio was at 6.16% as on June 30, 2016, as against 3.08% as on June 30 last year
 "Union Bank net profit down 68% in Q1")
Union Bank shares dive 6% on disappointing March quarter results
Its net NPAs also increased to 5.25% from 2.71% at the end of March 2015
