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RBI likely to cut repo rate, CRR rate on May 3: Expert

The market is betting that the Reserve Bank of India will cut the benchmark repo rate (the rate at which it lends to banks) by 25 basis at least, at its policy review meet on Friday.

Looking to raise Rs 1500 crore via perpetual bonds: UBI

Debabrata Sarkar, CMD of Union Bank of India said they are looking to raise perpetual bonds worth Rs 1500 crore. Taking into consideration the Basel III committee recommendations, a mix of tier II bonds along with perpetual bonds may help them raise capital in the December quarter itself

Expect credit growth of 18% ahead: Union Bank

In an interview to CNBC-TV18, Debabrata Sarkar, chairman and managing director of Union Bank says the bank is looking to maintain net interest margin at 3%. He also expects a credit growth of 18%.

Hope to maintain NIMs above 3% ahead: Union Bank of India

Debabrata Sarkar, chairman and managing director, Union Bank is hopeful about maintaining NIMs above 3% going ahead.

Emphasis on agri, retail, MSME led to rate cut: Union Bk

Union Bank has cut its lending rates for some segments that is the medium and small enterprises by 50-350 basis points.Debabrata Sarkar, CMD, Union Bank said that it is a part of their endeavour to give special emphasis to agriculture, retail advances, micro and small enterprises.

Cannot say asset quality concerns behind us: Union Bank CMD

Despite posting better than expected fourth quarter results, Debabrata Sarkar, CMD, Union Bank of India says, it cannot be said for certain that all the asset quality concerns are behind the bank.

Scope for RBI to cut CRR by 25-50 bps: Union Bank

As the liquidity situation remains tight, Debabrata Sarkar of Union Bank of India feels there is scope for the RBI to reduce CRR by 25-50 bps. According to him, a slight reduction in repo rate may also help soften interest rates.