Union Bank Of India

SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.

Union Bank of India on Friday reported two-fold jump in standalone profit at Rs 2,245 crore for third quarter ended December 2022 helped by decline in bad loans

Motilal Oswal Financial Services believes that sustained and consistent performance on delivering healthy return ratios can result in further re-rating of the stocks.

State-owned Union Bank of India on Friday said it has raised Rs 663 crore from Tier I bonds to fund business growth. "...the bank has allotted unsecured, subordinated, non-convertible, perpetual, taxable, fully paid-up Basel III compliant Additional Tier 1 bonds (AT-1) in the nature of debentures eligible for inclusion in Tier 1 Capital," Union Bank of India said in a regulatory filing. The bank raised Rs 663 crore in aggregate from these bonds, it said. Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments or convert them into common equity if approved by the Reserve Bank of India. AT-1 bonds qualify as core or equity capital.

From State Bank of India Chairman Dinesh Kumar Khara to Sanjiv Chadha, MD & CEO, Bank of Baroda, here is the list of panelists from public sector banks of India at BSFI Insight Summit

Lenders, particularly state-owned, turn to debt capital markets to finance hefty demand for loans

In the past one month, the Nifty PSU Bank index has rallied 17.4 per cent as against a 2.1 per cent gain in the S&P BSE Sensex

Anonymity factor is critical for its acceptance, asserts Dinesh Khara

Aims to involve 50,000 merchants, customers in the next few days

Public sector lender plans tier I bond of Rs 700 crore before financial year closes

Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.

CLOSING BELL: SBI, Bajaj Finance gain, while Adani Enterprises slips in trade on Wednesday. Debutant Inox Green Energy ends at 9 per cent discount to its issue price.

Tier-2 bond sale plan comes amid sharp decline in bond yields

In the past one month, shares of Union Bank of India zoomed 61 per cent, as against 4 per cent rise in the S&P BSE Sensex

/ -- Union Bank of India is ranked 2nd as per the report on EASE Reforms Index for Q1 FY 2022-23 by Indian Banks' Association (IBA). Union Bank of India is the 2nd Best Bank in adopting reforms prescribed for Public Sector Banks. Union Bank of India has been doing well in areas related to enabling various digital journeys for customer convenience, upgrading analytics & big data capabilities for personalized offerings & proactive reach out to customers, adopting modern technology capabilities for integrated banking experience, collaborative banking for higher efficiency, employee development and better governance measures resulted in Bank improving its rank up by two notches. The performance of PSBs is measured on five themes under EASE 5.0, in which, Union Bank of India has set the benchmark under the two themes i.e., 'Modern Technology Capabilities' and 'Employee Development and Governance'. The bank has also achieved 1st runner-up position in theme 'Digitally - enabled ...

Bulk of CBDC wholesale pilot trading concentrated in liquid 5-yr, 10-yr bonds

Technically, whenever any stock remains unaffected during times of volatility, the trend indicates something positive underneath. Such stocks are preferred by market participants for trading gains.

The IPO will consist of a fresh offer of Rs 500 crore and an offer for sale of 141.2 million shares

NII of the lender grew 18.5 per cent year-on-year (YoY) to Rs 7,434 crore

RBI has increased benchmark policy rate by 140 bps cumulatively since May