Page 3 - Union Bank

Union Bank to raise Rs 6 bn by issuing shares to staff under ESPS

The proposal was approved in a board meeting Monday, the bank said in a regulatory filing

Union Bank of India reports Rs 1.39 billion net profit in Q2 FY19

The bank had reported a net loss of Rs 15.3 billion in the July-September period of 2017-18

Union Bank receives board's approval to raise Rs 74 bn in current fiscal

The bank has capped the money to be raised from additional tier I (ATI) bonds or tier 2 bonds to Rs 37 billion within the overall capital raising limit of Rs 74 billion

After PNB and BoI, Union Bank to now rationalise branch, ATM networks

The bank began the groundwork in the third quarter and part of the plan will be implemented in the fourth quarter

Union Bank net profit down 68% in Q1

Net NPA ratio was at 6.16% as on June 30, 2016, as against 3.08% as on June 30 last year

Union Bank shares dive 6% on disappointing March quarter results

Its net NPAs also increased to 5.25% from 2.71% at the end of March 2015