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  RBI imposes 1 crore penalty on Union Bank | Details

  Business | November 29, 2021 20:35 IST

  The directions were contained in 'RBI (Fraud-Classification & Reporting by commercial banks & select FIs) Directions 2016', and 'Guidelines on Sale of Stressed Assets by Banks'.

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  Union Bank slashes MCLR by up to 15 bps

  Business | August 10, 2020 17:28 IST

  State-owned Union Bank of India on Monday announced a cut in its marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across various tenors, effective August 11. 

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  Home loans gets cheaper as Union Bank cuts MCLR by 20 bps, effective from tomorrow

  Business | July 10, 2020 12:47 IST

  State-run Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 basis points across tenors.

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  Post merger, Union Bank may sell Andhra Bank’s stake in life insurance

  Business | March 30, 2020 16:46 IST

  A final decision will be taken by the board of the merged bank, based on the valuation and also meeting the regulatory guidelines, Union Bank Managing Director and Chief Executive Rajkiran Rai G has said.

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  SBI, Union Bank to sell NPAs of Rs 2,836 crore this month

  Business | January 02, 2020 18:25 IST

  ​The country's largest lender State Bank of India (SBI) and Union Bank of India are looking to sell their non-performing loans totalling Rs 2,836 crore to banks, asset reconstruction companies and other financial institutions.

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  Union Bank says lenders may be forced to convert Rs 45 thousansd crore of their DHFL debt into equity

  Business | August 21, 2019 0:04 IST

  Resolving the crippled mortgage lender DHFL's over Rs 90,000 crore debt is "not so easy" and banks are considering converting their outstanding into equity, Union Bank of India said on Tuesday.

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  RBI imposes Rs 1 crore fine on Union Bank for delay in fraud detection, reporting

  India | September 07, 2018 17:15 IST

  RBI had issued a show cause notice to the bank on January 15, 2018 asking why a penalty not be imposed on Union Bank of India under the Act.  

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  Centre appoints Executive Directors to nine public sector banks

  March 11, 2015 20:18 IST

  New Delhi: The Appointments Committee of the Cabinet has approved appointment of executive directors to nine public sector banks filling up vacancies which had not been filled since a long time.Ravi Shankar Pandey, GM, Union

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  Union Bank cuts interest rate for medium companies by up to 3.75%

  November 06, 2014 13:06 IST

  New Delhi: Union Bank of India (UBI), the state-owned lender, on Wednesday reduced interest rates for medium enterprises in the range of 200-375 basis points."The revised interest rate for borrowers from investment-grade medium enterprises is

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  Union Bank hikes base rate to 10.25%

  September 07, 2013 16:37 IST

  Mumbai: Union Bank of India on Friday became the second state-run lender after the Reserve Bank of India's (RBI) liquidity tightening moves, to increase its lending rate by 25 basis points to 10.25 per cent.The

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  MEGA achieves financial closure for Metro Rail in Gujarat

  India | August 31, 2013 8:11 IST

  Ahmedabad: Metro Link Express for Gandhinagar and Ahmedabad (MEGA), a Special Purpose Vehicle (SPV) floated by the Gujarat government to execute metro rail project here, has achieved financial closure for the first phase of the

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  Banks net to plunge 11 pc QoQ, says StanChart Secs

  July 10, 2012 15:55 IST

  Mumbai, July 10: Led by state-run banks which are set to report increased strains on asset quality, the banking sector is set to see profits decline by 11 percent in Q1 sequentially but a 43

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  Union Bank cuts home loan interest rates

  May 19, 2012 10:50 IST

  Mumbai, May 19: State-run Union Bank of India on Friday slashed interest on home loans to its base rate in select case. The new rates, which will be applicable to both existing borrowers on floating

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  Mumbai Burglars Steal Rs 15 Lakhs From Union Bank

  India | July 10, 2011 13:55 IST

  Mumbai, Jul 10: The staff working at the Dadar branch of Union Bank of India were dumbfounded on Saturday when they found the cashier's cash box lock open and nearly Rs 15 lakh cash missing. 

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  Union Bank Hikes Base Rate By 25 BPS To 10.25 Per Cent

  July 09, 2011 22:34 IST

  Mumbai, Jul 9: Public sector Union Bank of India today hiked its minimum rate of lending or the base rate by 25 basis points to 10.25 per cent, in line with its peers.The rate hike,

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  Govt Seeks Audit Of Union Bank Banches For High-value Transactions

  India | November 17, 2009 17:38 IST

  Taking a serious note of Union Bank of India (UBI) not reporting high-value transactions to it, the government has asked the state-owned bank to immediately carry out an audit of all its branches to check