Page 2 - Union Bank

Union Bank plans to raise Rs 2,000 crore by issuing Tier-II bonds

The bank also has flexibility to raise additional equity from the market, with government stake at 89.1 per cent as of June 30

Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs

Top bank executives attempted to shed the tag of being risk-averse and averred that viable businesses would get the red carpet from lenders

Covid-19 impact: Union Bank estimates 6-7% of loans may be restructured

These loans include corporate accounts, where Rs 6.3 trillion of credit may be recast, and non-corporate accounts (Rs 2.1 trillion), such as retail, agriculture and MSME

Union Bank posts Q1 net profit of Rs 341 cr, total income at Rs 20,487 cr

State-owned Union Bank of India on Friday reported a consolidated net profit of Rs 340.95 crore for the first quarter ended June 2020

After MSMEs, let's focus on large stressed sectors

The Rs 3-trillion booster dose may help bring MSMEs back on the rails but to whom will they supply goods? It's time to take a look at companies with enough assets but strained cash flows

Union Bank creates new organisational structure with 18 zonal offices

The bank has opened two new zonal offices in the southern part of the countryaimed at further strengthening its market share

Why the three-month moratorium on your home loan EMI may not be a good idea

Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date

Coronavirus outbreak disrupts PSB merger as banks put programmes on hold

According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.

SBI, Union Bank to sell NPAs of Rs 2,836 cr this month through e-auctions

In a notice on its website on December 12, SBI had sought bids to sell another Kolkata-based engineering firm Avani Projects and Infrastructure, having an outstanding loans of Rs 40.53 crore

Union Bank cuts MCLR 5-10 bps across tenors; one-year rate revised to 8.2%

One-year MCLR now stands at 8.20 per cent, down from 8.25 per cent, the public sector bank said

Nifty view & two stocks that Sameet Chavan of Angel Broking is bullish on

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

Union Bank Q2 net loss at Rs 1,194 cr on higher provisioning for bad loans

However, net NPAs were down at 6.98%, against 8.42%

DHFL resolution: Banks may convert debt into equity, says Union Bank

DHFL has become the poster-boy of the NBFC crisis that afflicted the financial sector after the infra-lender IL&FS went belly up last September

Union Bank withdraws eviction notices served to residents of Noida society

The bank had given notices to 200 families of Gardenia Gateway by Gardenia Group in Sector 75, Noida, on August 5, as per the media reports

Union Bank of India Q1 net profit rises 73% as provisions decline

The net interest income of the lender saw a 4 per cent decline at Rs 2,519 crore in this quarter

HDFC reduces prime lending rates on home loans by 10 bps from August 1

For women borrowers, there is an extra 5 bps discount in each category of loans

Union Bank's elevated credit costs, bad loans to hit capital position: S&P

Weak performance in FY19 on expected lines

Union Bank plans to raise up to Rs 4,900 crore in equity in H2FY20

Shareholders' nod for raising equity capital will be sought at its annual general meeting on June 28

Union Bank declines 5% post Q3 results announcement

Net NPAs came in at 8.27 per cent against 8.42 per cent in the September quarter. In the year-ago quarter, numbers stood at 6.96 per cent.

SC orders status quo on HDIL arm land, next hearing on Feb 13

Apex court was hearing a petition by the RP of Guruashish Construction, HDIL's arm to which MHADA had leased land; firm was admitted into insolvency in July 2017 over Rs 250 cr dues to Union Bank