Vedanta Limited to use Rs 8,000-crore QIP to repay Oaktree Capital, Deutsche Bank, Union Bank debts
Mumbai: Vedanta Limited plans to use the proceeds from its Rs 8,000-crore Qualified Institutional Placement (QIP) offer to partially or fully repay its debt to Oaktree Capital, Deutsche Bank, and Union Bank of India, according to the offer documents filed by billionaire Anil Agarwal’s company, media reported.
Union Bank of India integrates CBDC with UPI to offer interoperability
Mumbai: Public Sector Bank (PSB) Union Bank of India on Friday announced the launch of interoperability of India’s Central Bank Digital Currency with UPI under the aegis of RBI.
Union Bank of India raises Rs 5,000 cr equity capital via Qualified Institutions Placement
Mumbai: Union Bank of India, the fifth largest Public Sector Bank in India, successfully raised equity capital of Rs 5000 crore via Qualified Institutions Placement (QIP) on Friday.
Union Bank of India partners with IBM to accelerate digital transformation
Mumbai: Public sector lender Union Bank of India bank has partnered with IBM India to co-create a state-of-the-art Digital Business Platform.
Union Bank of India Q1FY24 PAT soars 107.67% YoY to Rs 3,236 cr
Mumbai: Union Bank of India on Friday said its net profit in the first quarter of fiscal year 2023-24 (Q1FY24) surged by an impressive 107.67% to Rs 3,236 cr on a year-on-year (YoY).
Union Bank of India sets up mechanism for India-Malaysia trade in INR
New Delhi: Public sector Union Bank of India has operationalised the mechanism to allow Indian and Malaysian traders to invoice and settle the trade in Indian Rupee (INR).
Union Bank of India digital banking launches cyber security awareness kit and automatic VAPT lab
Kolkata/IBNS: Union Bank of India today, launched the Cyber Security Awareness Kit and inaugurated an automated VAPT (Vulnerability Assessment & Penetration Testing) lab at their Cyber Security Centre of Excellence in Hyderabad to create cyber security awareness among its staff members, customers and other stakeholders.
Union Bank of India cuts home loan interest rate to all time low of 6.40 pc
Kolkata/IBNS: Union Bank of India today announced reduction in its Home Loan interest rates with minimum rate of Interest now starting at 6.40 percent. The reduced rate will be effective from October, 27.
Rajneesh Karnatak assumes charge as Executive Director of Union Bank of India
Kolkata/IBNS: Rajneesh Karnatak toady assumed charge as Executive Director of Union Bank of India.
Union Bank of India signs MOU with NDMC for pension disbursement
New Delhi/IBNS: Union Bank of India has entered into an agreement with North Delhi Municipal Corporation (NDMC) for the purpose of disbursement of pension of the civic body's employees.
Union Bank of India Q1FY22 standalone profit jumps by 255 pc to Rs 1,181 crore
Mumbai/IBNS: The board of directors of Public sector lender Union Bank of India (UBI) approved the accounts of the Bank for the quarter ended June 30, 2021 on July 29.
Union Bank of India inks MOU with The National Small Industries Corporation Ltd
Kolkata/IBNS: Union Bank of India has entered into an MOU with The National Small Industries Corporation Ltd (NSIC) under "NSIC Bank Credit Facilitation Scheme" to support MSMEs with credit requirements.
CBI probes Delhi firm that defrauded Union Bank of Rs 52 cr, directors fled India in 2019
Delhi/IBNS: The Central Bureau of Investigation (CBI) has started an investigation against a Delhi-based company and its promoters over a bank fraud of Rs 52 crore, media reports said.