Arun Tiwari

Arun Tiwari, CMD, Union Bank of India said confidence of getting cash whenever needed will return back for people in a month or so. He said RBI is now in a better position to supply currency.

SBI chief says hike in CRR due to less demand, high inflow rate

The Reserve Bank of India (RBI) hiked the cash reserve ratio (CRR), the percentage of cash deposits that banks have to maintain with RBI – at 100% of the deposits (NDTL) accrued between September 16 and November 11 as incremental cash reserve ratio.

RBI Credit Policy: Expect liquidity to improve in July-August, says Union Bank

With the Reserve Bank of India keeping the key policy rate unchanged at 6.50 percent, Arun Tiwari, Chairman and Managing Director, Union Bank of India; and Shilpa Kumar, Group Executive, ICICI Bank shared their views with CNBC-TV18 on the RBI monetary policy.

Finance Ministry to soon set up panel on bad loans

In pursuance to the directions of the Supreme Court, the Finance Ministry will soon set up a panel to look into the issue of mounting bad loans and come out with the steps to deal with the problem.

Financial Inclusion: Are payment banks a game changer?

3rd edition of Financial Inclusion Agenda focused on pace of financial services in banking. Ronojoy Banerjee of CNBC-TV18 discusses it with his panel guests – Arun Tiwari, CMD, Union Bank of India, AP Hota, MD & CEO, NPCI & Abhishek Singh, CEO, Tripura Tribal Area Autonomous Council.

Union Bank keen to join payments banks bandwagon

Last week, the Reserve Bank had given permission to 11 applicants, including Reliance Industries, Department of Posts, Aditya Birla Nuvo, Sun Pharma's Dilip Shanghvi, Airtel, Tech Mahindra and Vodafone, to set up payments banks.

Not worried on NPAs; focusing on small loans: Union Bank

Union Bank declared quarterly earnings today in which it asset quality appeared to have slipped.

India to tighten screws on banks' window dressing of a/c's

Banking and government sources said the new targets, to be discussed at meetings with top state bank officials this month, would focus on efficiency, with objectives set around return on assets, or return on equity, and controlling bad debts.

Union Bank of India net down 23.5% on higher provisions

Domestic net interest margin came down to 2.46 percent from 2.62 percent , while global NIM also inched down to 2.37 percent from 2.55 percent. Tiwari said the bank is looking at a NIM of 2.6-2.7 percent this fiscal. Although the asset quality deteriorated in the quarter, and year-on-year, sequentially there was some improvement.

India Inc pitches for rate cut; RBI may not oblige

Reserve Bank Governor Raghuram Rajan in his annual monetary policy is expected to draw a balance between the need to cut interest rate and contain inflationary expectations. "Industry always wants rate cut.

Union Bank defers Rs 1,386cr QIP issue to next fiscal

State-owned Union Bank of India has deferred its plan to raise Rs 1,386 crore fund through qualified institutional placement (QIP) to the next fiscal. "We have got everything in place. We will hit the market at the right time.

India's GDP growth will be 7.5% this year: Jaitley

Launching the Union Bank of India (UK), a subsidiary of the Union Bank of India, Jaitley on Friday said that since the new government came to power the economy has regained.

See restructuring loans worth Rs 1600 cr in Q4: Union Bank

Union Bank of India's third quarter net profit fell 8.1 percent year-on-year to Rs 302.4 crore, impacted by higher provisions. Other income, however, supported the bottomline but asset quality of the bank deteriorated during the quarter.

'Flexibility in restructuring bad loans good for banks'

Arun Tiwari, chairman and managing director of Union Bank believes it augurs well for banks.

Here's bankers' take on financial inclusion

With Narendra Modi government's focus on banking for all, with the launch of the Jan Dhan Yojana, financial inclusion is indeed on top of the mind of bankers across the country. CNBC-TV18s Surabhi Upadhyay and Radhika Dave talk to bankers and policy makers to find out what this new government initiative means for them.

See gross NPAs below 4%, NIMs at 2.9% by FY15-e: Union Bank

The bank will prefer doing the QIP when market price will be equal to book value as the bank is no hurry to raise funds, says CMD Arun Tiwari.

No stress from NPAs; worst at our back: Union Bank

Going forward, Union Bank of India will continue to perform better quarter after quarter, says CMD Arun Tiwari after the public sector lender reported a 15 percent year-on-year rise in its third quarter net profit.

FinMin to appoint 9 new CMDs for PSU banks, 10 shortlisted

The ministry of finance is set to fill up vacancies for the top job of nine individual state-owned lenders in 2013-14. It interviewed 18 executive directors of different banks on February 11. A batch of around 10 bankers has been shortlisted, sources in the banking industry told moneycontrol.com.