Union Bank of India: News

11 May 2024


Union Bank of India's net profit up 18% in Q4

Union Bank of India has reported an 18.36% increase in its consolidated net profit for the March quarter, amounting to ₹3,328 crore.

Union Bank surpasses Rs. 1L crore valuation; joins SBI, PNB

Union Bank of India has emerged as the fourth public sector lender to cross the Rs. 1 lakh crore market value.

30 Aug 2019

Punjab National Bank

Government 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


All 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.

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


PSBs 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.

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.

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.

17 Apr 2017


Union 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).

09 Mar 2017


Going 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.