Oct 26, 2021 09:05 PM IST
The new rates will be applicable to customers applying for new loans or those who wish to transfer their existing loans including balance transfers.
- Oct 22, 2021 11:22 AM IST
The former chief general manager of Punjab National Bank has over 27 years of experience in banking services.
- Oct 22, 2021 07:25 AM IST
Nifty is currently heading lower towards 18,000-17,900 and this zone will act as a key support. If this level is breached, the index can move even lower towards 17,600, said Karan Pai of GEPL Capital.
- Oct 13, 2021 02:54 PM IST
Net Interest Income (NII) is expected to increase by 13.4 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 7,135.1 crore, according to Motilal Oswal.
- Jul 29, 2021 10:44 PM IST
- Jul 29, 2021 10:44 PM IST
- Jul 29, 2021 04:29 PM IST
Union Bank of India Q1 results: Non-interest income in Q1FY22 shot up 98.4 percent to Rs 2,901 crore and pre-provision operating profit rose 31.4 percent to Rs 5,302.81 crore compared to year-ago period.
- Jul 14, 2021 08:17 PM IST
Net Interest Income (NII) is expected to decrease by 5.8 percent Y-o-Y (up 11.6 percent Q-o-Q) to Rs. 6,030.5 crore, according to Emkay Research.
- Jun 07, 2021 10:18 PM IST
Union Bank of India incurred a net loss of Rs 2,503.18 crore in the year-ago quarter.
- Jun 07, 2021 09:00 PM IST
- Jun 07, 2021 08:55 PM IST
- Jun 02, 2021 07:32 AM IST
Indian banks have bucked the global sector trend, recording a cumulative brand value growth of 8% year-on-year.
- Feb 02, 2021 09:44 AM IST
- Feb 02, 2021 09:11 AM IST
- Jan 29, 2021 10:08 PM IST
The bank's one-time restructuring book for COVID-19 related stress stood at Rs 16,725 crore.
- Dec 30, 2020 06:54 PM IST
During the Extraordinary General Meeting (EGM), the shareholders passed the special resolution with the requisite majority for raising capital through FPO (Follow-on Public Offering) /Rights or QIP (Qualified Institutional Placement) or preferential allotment, the bank said in a regulatory filing.
- Dec 11, 2020 10:55 PM IST
Perpetual bonds carry no maturity date and hence may be treated as equity, not as debt. The coupon on the bonds is fixed at 8.73 percent per annum.
- Nov 25, 2020 11:55 AM IST
The face value or the issue price of the bond is Rs 10 lakh per bond with a coupon rate of 7.18 percent per annum.
- Nov 06, 2020 08:55 PM IST
The bank had posted a net profit of Rs 333 crore in the same quarter a year ago.
- Sep 26, 2020 06:59 PM IST
As shown in the cases of SBI, PNB, Union Bank, BoB, Bank of Maharashtra and IDBI Bank, most of the time, there is no or negligible recovery for the amounts written off
- Sep 10, 2020 09:02 PM IST
The lender's one-year MCLR has been revised to 7.20 percent from 7.25 percent, it said in a statement.
- Aug 24, 2020 12:23 PM IST
One relief for Union Bank will be the exit route for moratorium loans given by the RBI in the form of a corporate loan restructuring scheme. The shock will be less.
- Aug 24, 2020 09:42 AM IST
The PSU lender on August 21 reported a profit of Rs 332.74 crore for the quarter-ended June
- Aug 21, 2020 08:03 PM IST
Net interest income during the quarter increased 154.2 percent YoY to Rs 6,403.2 crore
- Aug 10, 2020 03:49 PM IST
One-year MCLR now stands at 7.25 percent, down from 7.40 percent, the bank said in a regulatory filing.