Union Bank today announced its fourth quarter earnings. It posted a 40 percent growth in net profit at Rs 71.98 crore against Rs 51.40 crore in the corresponding previous period.

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%.

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.

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.

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.

Union Bank confident of Moody's rating upgrade by next year

In an interview to CNBC-TV18 MV Nair, CMD, Union Bank throws some light why Moody has downgraded Union Bank. He feels gross NPAs, low provision cover and capital adequacy are three key areas which led to the downgrade.

Experts discuss RBI's recos on priority sector lending

The RBI committee has come out with its recommendations on lending to priority sector. In an interview to CNBC-TV18, BA Prabhakar, CMD of Andhra Bank, MV Nair and N Seshadri, ED of Bank of India, discuss pros and cons of the recommendations.

Will pass 10bps rate cut to customers: Union Bank

MV Nair, chairman and managing director, Union Bank in an interview to CNBC-TV18 said, it has decided to pass on the 10 basis point rate cut to its customers.

Will cut back on slippages on good recoveries: Union Bank

SS Mundra, executive director of Union Bank expects to see positive flows in total income from treasury in the current quarter.

Burst of bad loans in Q2: Bankers say it's a one-off

A big theme of the past few days has been the quantum leap in bank loan defaults as revealed in the second quarter numbers of some public sector banks. MV Nair chairman of Union Bank and Diwakar Gupta managing director of the State Bank of India analyse why the situation has gotten worse and will it deteriorate further.

Here's how top bankers see H2FY12 panning out for banks

The Indian banking industry is having a tough run lately. After coming out with a mixed set of second quarter numbers, the industry was in for a rude shock from rating agency Moody's that cut its outlook for the Indian banking system.

Savings deregulation not 'body blow', says Union Bank

Many believe that RBI's move to deregulate savings account rates will deliver a ‘body blow’ to the banking industry, but executive director of Union Bank S S Mundra disagrees.

See gross NPA below 2% by March 2012: Union Bank

In an interview with CNBC-TV18’s Latha Venkatesh, MV Nair, CMD of Union Bank said, he expects bank’s gross non-performing asset below 2% by March 2012. “The peak will be in September then it will increasingly come down,” he added.

Union Bank aims to improve customer service post RBI report

SC Kallia, executive director of Union Bank said that unless the banks pay attention to the customer service issues and improve their services, they will not be able to grow their business.

Intend to pass on rate hikes to consumers: Union Bank

Union Bank intends to pass on rate hike on deposit and lending side, said CMD MV Nair.

Managing asset quality to be priority: Union Bank CMD

When the economy is booming, banks are among the biggest beneficiaries due to a surge in demand for credit. Conversely, when the economic growth shifts into a lower gear, banks feel the heat first. The risks are twofold: high rates of interest hurt demand for loans and lower profits.

Expect slippages worth Rs 1800 crore in FY12: Union Bank

In an interview with CNBC-TV 18, SC Kallia, ED at Union Bank of India said that the bank expects slippages worth Rs 1800 crore in FY12, which will reflect in the earnings of first and second quarters of this fiscal.