PIB debunks media report on Bank Privatisation, NO list shared by NITI Ayog on privatization of SBI, Canara Bank, PNB and others
Finance Minister Nirmala Sitharaman had last yera said "interests of workers of banks which are likely to be privatised will absolutely be protected whether their salaries or scale or pension all will be taken care of". Explaining the rationale behind the privatisation, Sitharaman had said that banks in the country needed to be bigger, just like the State Bank of India (SBI).
Jan 05, 2023, 13:46 PM IST
Planning to buy a home? Check financers with lowest interest rates on home loans
Life Insurance Corporation Housing Finance LTD (LIC HFL) is offering the lowest interest rate on home loans among other mortgage lenders in India.
Jul 03, 2021, 20:33 PM IST
Union Bank net loss widens to Rs 3,370 cr in Q4 on higher provisioning
The bank had reported a net loss of Rs 2,583 crore for the same quarter previous fiscal.
May 15, 2019, 14:14 PM IST
Five PSU lenders get capital infusion of Rs 21,428 cr from govt
Earlier, the bank raised Rs 261 crore to its share capital in January under Employee Stock Purchase Scheme (ESPS) in which as much as 92 percent of the employees participated which resulted into over-subscription of bank stock.
Mar 29, 2019, 12:04 PM IST
India soon to have banking point within reach of 5 Kms of every citizen: Jaitley
The FM observed that during the period of 2014 – 2018, the population who had access to banking services rose from 58 percent to almost 100 percent.
Nov 12, 2018, 10:57 AM IST
Over dozen PSBs to get Rs 46K crore capital infusion this month
These banks, including SBI, PNB, Bank of Baroda, Central Bank, Union Bank and OBC, have called shareholders' meetings this month to pass the resolution to allot preferential shares to government so as to receive the capital.
Mar 09, 2018, 09:06 AM IST
Union Bank net profit down 68% in Q1
State-run lender Union Bank on Saturday reported a 68 percent decrease in its net profit to Rs 166.32 crore in the quarter ended June 30, as compared to Rs 518.78 crore in the corresponding period last year.
Aug 06, 2016, 17:15 PM IST
Union Bank Q1 net dips 22% to Rs 519 cr
The bank had a net profit of Rs 664.11 crore in the April-June quarter of 2014-15 fiscal.
Jul 28, 2015, 13:12 PM IST
Union Bank takes digital initiatives with M-passbook
This will allow customers to instantly transfer funds to any account from the branch. The limit has been set at up to Rs 2 lakh per day.
Jul 06, 2015, 16:09 PM IST
Union Bank gets shareholder nod to raise up to Rs 3,700 cr
The stock closed at Rs 153.05 on BSE on Friday, down 0.97 percent.
Jun 27, 2015, 18:11 PM IST
Union Bank Q4 net drops 23% on higher provisioning
The bank had clocked a net profit of Rs 578.91 crore in the January-March quarter of 2013-14 financial year.
May 12, 2015, 15:57 PM IST
Union Bank Q3 net profit drops 13% on higher provisioning, bad loans
The gross non-performing assets (NPAs) worsened to 5.08 percent as against 3.85 percent in the same period last year.
Jan 27, 2015, 22:58 PM IST
City Union Bank Q3 net up 15% at Rs 102.70 crore
City Union Bank Saturday reported an over 15 percent increase in its net profit at Rs 102.70 crore for the quarter ended December 31, 2014.
Jan 24, 2015, 16:56 PM IST
Union Bank cuts lending, deposit rates by up to 0.50%
UBI is the second state-owned bank to announce rate cut after the Kolkata-based United Bank of India.
Jan 15, 2015, 18:21 PM IST
RBI rate cut: UBI, Union Bank slash rates, others likely to follow soon
Within hours of rate cut announced by RBI, United Bank and Union Bank have reduced the benchmark lending rates by 0.25 percent and 0.5 percent respectively, while other banks including market leader SBI have indicated that they would follow suit.
Jan 15, 2015, 16:19 PM IST
Union Bank Q2 Net up 78% at Rs 371 cr
Public sector Union Bank of India today reported a 78.4 percent rise in net profit at Rs 371.34 crore for the second quarter ended September 30.
Oct 31, 2014, 14:58 PM IST
Union Bank targeting 9-10 % deposit growth
Union Bank of India is targeting 9-10 percent growth in deposits and 11-12 percent in its advances over last year, a top official said on Saturday.
Aug 16, 2014, 14:21 PM IST
