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'.
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.
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.
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.
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.
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.
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.
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
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
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
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
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
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
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.
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,
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
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