Union Bank of India: News
09 May 2020
Central Bureau Of Investigation (CBI)Exporters flee country after cheating 6 banks; SBI files complaint
Three promoters of a Delhi-based basmati rice export firm have fled the country with over Rs. 400 crore in unpaid bank loans, officials said on Saturday.
30 Aug 2019
Punjab National BankGovernment to merge 10 major public sector banks into 4
In a major move, the Indian government has announced the plan to merge public sector banks.
11 Nov 2018
IndiaAll you need to know about IRCTC Loyalty scheme
The Indian Railways Catering and Tourism Corporation (IRCTC), in collaboration with the State Bank of India (SBI) and Union Bank (UBI), operates the Loyalty scheme.
19 Jun 2018
ICICI BankApple introduces zero-down-payment EMI offers for iPhone X, iPhone 8
Apple often hosts its iPhone fest sales on online channels like Amazon and Flipkart. But, the tech giant hasn't been so regular with its offline channel sales.
02 May 2018
Central Bureau Of Investigation (CBI)Over 23,000 bank-fraud cases involving Rs. 1-lakh-crore in 5 years
Over 23,000 cases of fraud involving a whopping Rs. 1-lakh-crore have been reported in the past five years in various banks, according to the Reserve Bank of India (RBI).
19 Apr 2018
IndiaPSBs among leading govt bodies in rejecting RTI pleas: Study
Public sector banks, which are reeling under a huge burden of growing non-performing assets and being probed by central agencies, have emerged as the leading public authorities in terms of rejecting RTI pleas, an analysis by a voluntary group shows.
23 Mar 2018
Central Bureau Of Investigation (CBI)Hyderabad firm under scanner, bank-fraud worth Rs.23,500cr uncovered in 2018
Yet another bank fraud has emerged, the third case to be reported in five days. The CBI has now registered a case against Hyderabad-based Totem Infrastructure Ltd for duping lenders of Rs. 1,394.43cr.
23 Feb 2018
Central Bureau Of Investigation (CBI)Rotomac's Vikram Kothari, son arrested for Rs. 3,695cr loan default
The CBI has arrested Rotomac Chairman Vikram Kothari and his son Rahul for siphoning off bank loans worth Rs. 3,695 cr.
19 Feb 2018
IndiaRotomac chairman Vikram Kothari arrested for Rs. 800cr loan default
Amid rumors that Vikram Kothari had fled the country after defaulting on loans worth Rs. 800cr, the Rotomac chairman has been arrested, reports say.
18 Feb 2018
IndiaIndian banks may lose Rs. 19,000cr in PNB-fraud: I-T Dept
The Income Tax Department stated Indian banks could lose Rs. 17,632cr from loans and corporate guarantees provided to Punjab National Bank in the Rs. 11,400cr fraud.
17 Feb 2018
IndiaNirav Modi case: CBI arrests PNB's ex-Deputy Manager, two others
The CBI has arrested Punjab National Bank's former Deputy Manager Gokulnath Shetty, Single Window Operator Manoj Kharat, and the authorized signatory of Nirav Modi Group of Firms Hemant Bhat in connection to the alleged Rs. 11,400cr banking fraud by Nirav Modi and Mehul Choksi.
30 Nov 2017
IndiaSC seeks response from BCCI on treasurer's threat to CFO
Supreme Court has asked the BCCI and its treasurer Anirudh Chaudhry to respond to allegations of threat from the latter to board's CFO Santosh Rangnekar.
09 Jun 2017
Narendra ModiSBI cuts interest rate on home loans to 8.6%
SBI has now slashed down the interest-rate of home loans above Rs. 75 lakh by 10 basis points. From June 15, the rate for the same will be 8.55-8.6%.
08 May 2017
Narendra ModiSBI home loan interest rates slashed by 0.25% from tomorrow
SBI has announced a 0.25% cut in interest rates for affordable home loans under Rs. 30 lakh.
17 Apr 2017
IndiaUnion Bank's July 2016 crisis - $171mn hacked
In July'16, Union Bank of India faced a major crisis - hackers had swindled $171mn (Rs. 1,100cr) from its Nostro account (a bank's account holding foreign currency in another bank).
21 Mar 2017
iOSNPCI: No vulnerability in BHIM, UPI apps
After "intensive testing" and "continuous monitoring", the National Payments Corporation of India has announced there is no "vulnerability of loopholes" in the BHIM or UPI apps.
09 Mar 2017
Narendra ModiGoing cashless costs money, debit card charges explained
There's been an increase in the digital transactions since Prime Minister Narendra Modi announced the demonetization of Rs. 500 and Rs. 1,000 notes last November.
21 Feb 2017
iOSBharat QR latest to join govt bouquet of payment apps
Giving another thrust to the drive towards a digital-economy, the government has launched a QR code-based payment system called BharatQR code.
02 Feb 2017
IndiaVijay Shekhar: Budget 2017 will boost digital services
According to mobile e-wallet Paytm's founder Vijay Shekhar, budget measures will build a more inclusive economy and increase access to digital services.
01 Feb 2017
IndiaBank stocks soar, Sensex over 485 cheering Jaitley's Budget
Public Sector Undertaking (PSU) bank stocks shot up as Finance Minister Arun Jaitley announced allocation of Rs. 10,000 crore towards recapitalization of public sector banks in Budget 2017-18.
15 Jan 2017
Tamil Nadu45 people become lakhpatis under NPCI schemes
The Centre revealed that its incentives of announcing lucky draws to encourage electronic payments had already made 45 people 'lakhpatis'.
02 Jan 2017
Narendra Modi"Affordable" housing for all: Banks cut lending rates
Following PM Narendra Modi's affordable housing announcement, home loan rates fell to their lowest in six years.