Banks scouting buyers for Sahara Star Hotel loans

 12 Apr 2025 09:03 AM

Lenders led by Union Bank of India are set to auction the Rs 700 crore debt owed by Sahara Star Hotel after the insolvency plea was rejected. Banks are seeking all-cash bids after the offer from National Asset Reconstruction Company was deemed too low.

Bank stocks fall up to 4% after RBI repo rate cut; gold loan NBFCs hit hard

 09 Apr 2025 11:53 AM

Public sector banks were among the biggest losers, with Bank of India, Union Bank of India, Indian Bank, and Bank of Baroda dropping nearly 4%. Canara Bank, Punjab National Bank, and State Bank of India also saw declines between 1.5% and 2%.

Union Bank of India reports 8.6 pc loan growth in Q4

 04 Apr 2025 07:12 PM

Union Bank of India reported an 8.6 per cent credit growth to Rs 9.82 lakh crore in the March 2025 quarter. Total business rose 7.8 per cent to Rs 22.92 lakh crore. Similarly, J&K Bank and Ujjivan Small Finance Bank posted significant increases in advances and deposits.

UNION BANK OF INDIA: TOTAL ADVANCES OF THE BANK GREW BY 8.62% Y-O-Y AS OF 31ST MARCH 2025: EST GUIDANCE WAS 11- 13%

 04 Apr 2025 11:23 AM

UNION BANK OF INDIA: TOTAL ADVANCES OF THE BANK GREW BY 8.62% Y-O-Y AS OF 31ST MARCH 2025: EST GUIDANCE WAS 11- 13%

Fitch affirms Union Bank of India, PNB rating at BBB- with stable outlook

 11 Mar 2025 05:31 PM

Fitch Ratings has affirmed the ratings of Union Bank of India and Punjab National Bank at 'BBB-' with a stable outlook, driven by government support, an improved risk profile, and enhanced asset quality. The banks' viability rating is upgraded to 'bb-' due to ongoing improvements in financial performance.

Anil Ambani case: When does a loan account turn fraudulent?

 01 Mar 2025 08:36 PM

The Bombay High Court raised concerns over the arbitrary process by banks declaring loan accounts as fraudulent without following proper RBI guidelines. Industrialist Anil Ambani was advised to lodge a complaint with the RBI after the Union Bank of India tagged his account as fraud without a prior hearing.

Pralhad Joshi calls for 'renewable energy financing obligation'

 24 Feb 2025 11:56 PM

Speaking at the National Workshop on Mobilisng Finance for Renewable Energy, which was attended by senior officials from major public and private sector banks such as State Bank of India, Union Bank of India, HDFC Bank, ICICI Bank, and others, Joshi also called upon financial institutions to align their lending policies with India's renewable energy growth.

UNION BANK OF INDIA: CO TO RAISE LONG TERM BONDS UP TO 200B RUPEES || CO TO ISSUE GREEN/SUSTAINABLE BONDS UP TO 50B RUPEES

 29 Jan 2025 07:15 PM

UNION BANK OF INDIA: CO TO RAISE LONG TERM BONDS UP TO 200B RUPEES || CO TO ISSUE GREEN/SUSTAINABLE BONDS UP TO 50B RUPEES

Union Bank of India puts 41 NPAs worth ₹1,561 cr on block

 29 Jan 2025 12:16 AM

Union Bank of India is selling 41 bad-loan accounts, including those of Nirmal Lifestyle, Future Brands, Sahara Hospitality, and Panduranga Energy Systems, totaling ₹1,561 crore. Interested parties can bid by February 11, with auctions on February 12 and a second round on February 20.

Union Bank of India, IDFC First Bank among 5 stocks with long buildup

 28 Jan 2025 10:22 AM

On January 28, five stocks saw a long buildup, with increased open interest and stock price gains, indicating a bullish trend. Stocks include Bank of India, Cholamandalam, Union Bank, AU Small Finance, and IDFC.