Union Bank hopes to maintain NPA below 3%

Union Bank of India is focusing on reducing its slippages and hopes to contain it non-performing assets (NPA) below 3 percent in current quarter, says CMD, Debabrata Sarkar.

Q4 NPA scores better than Q3: Union Bk

Debabrata Sarkar, CMD, Union Bank, says the NPA recovery in the fourth quarter has been encouraging and it will be lower than the December quarter both in absolute and percentage terms.

CDR rules to fortify banks, cut project-risk: India Ratings

Ananda Bhoumik of India Ratings says that the new debt restructuring norms announced by the RBI will strengthen the lending and risk-management processes in the banking sector. He adds, in an interview to CNBC-TV18, that the new rules will also reduce the risk in projects for industry.

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

NIM maintenance & restructuring likely in Q3: Union Bank

In an interview to CNBC-TV18, SS Mundra, executive director, Union Bank explains how they have managed to keep their net interest margins at around 3%.

Identifying, acting on NPAs aided recovery: Union Bank

Union Bank of India CMD D Sarkar explained to CNBC-TV18 that identifying and acting on NPAs aided Union Bank's recovery.

See stress on banks' credit profiles; PSUs risky: Experts

Ananda Bhoumik of India Ratings & Research however, does not feel that there is a likelihood of a ratings downgrade of banks at this stage. He acknowledges the fact that asset quality problems mainly persist with mid-sized public sector banks and believes Canara Bank is going through a turbulent phase at the moment.

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%.

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.

Union Bank cuts rates to 10.50%, sees no stress on NIMs

Union Bank's rate cut may seem lower than its peers, but executive director SS Mundra explains that it is actually at par with the industry.