Union Bank of India
Govt to bring amendments to two Acts to enable privatisation of PSU banks
Finance Minister announced privatisation of Public Sector Banks (PSBs) as part of disinvestment drive to garner Rs 1.75 lakh crore
Mid sized banks report higher Q2 net profit as asset quality improves
Fresh slippages were lower in the absence of lumpy corporate non-performing assets
Banks get on social media to brighten up the lockdown with customer engagement activities
HDFC started The Art Project to give customers a #BreakFromBoredom while PNB started a Mother's Day contest
Rs 411 crore loan fraud: After defaulters flee India, SBI complains to CBI
Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank
Mega merger of state-run banks comes into force from April 1: RBI
The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its consolidation plan
Banks cut MCLR rates after RBI nudges on transmission
Bank of Baroda's one-year MCLR will be 8.25 per cent, 5 basis points (bps) below the exsisting level, effective December 12.
DHFL resolution: Banks may convert debt into equity, says Union Bank
DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.
3 banks fined by Reserve Bank of India for delay in fraud detection
The RBI, in three separate releases, said it has imposed a penalty of Rs 1 crore each on three state-run banks.
RBI fines Union Bank Rs 1 crore for delay in fraud detection, reporting
However, the bank said that the amount of the penalty is not material considering the size of the bank.
Union Bank of India sees improvement after USD 384 million loss
Twenty one banks majority owned by New Delhi account for bulk of India’s bad loans.