Union Bank Of India
Business  /  Published 23.09.20

PMC Bank gets new administrator

The RBI has appointed A.K. Dixit, former general manager of Union Bank of India, as the new administrator of Punjab and Maharashtra Cooperative Bank (PMC Bank) with effect from Wednesday. He will repl...
By Our Special Correspondent in Mumbai

Business  /  Published 25.08.20

PNB allays layoff fears

PNB managing director and CEO S.S. Mallikarjuna Rao on Monday assured that that there will be no layoffs because of the merger of Oriental Bank of Commerce and Union Bank of India with the bank. &ldq...
By Our Special Correspondent in New Delhi

Opinion  /  Published 04.09.19

Bank mergers: Software trumps financial realities

The Narendra Modi government loves to spring surprises. The announcement last Friday that 10 State-owned banks would merge to form four larger entities came straight out of the blue. Bank consolidatio...
By The Editorial Board in

Business  /  Published 04.08.19

Slowdown sends policy rate cut signal

The RBI is expected to cut its policy rate by 25 basis points, for the fourth time in a row on Wednesday amid an unrelenting slowdown in the economy marked by weak consumption, poor corporate earnings...
By Our Special Correspondent in Mumbai

India  /  Published 14.08.19

Residents get bank eviction notice for builder's default in Noida

Scores of families living in a residential society here have claimed they have received eviction notices from the Union Bank of India over non-payment of a loan of Rs 78 crore by the builder.The notic...
By PTI in New Delhi

Business  /  Published 09.09.19

SBI offers loans at lower rates

The State Bank of India has lowered its marginal cost of funds-based lending rates (MCLR) by 10 basis points, effective from Tuesday. This is the fifth rate cut by the SBI in the ongoing financial yea...
By TT Bureau in Calcutta

Business  /  Published 07.11.19

Government steers clear of DHFL crisis

The government has no plans to participate in the rescue of Dewan Housing Finance Corporation Ltd (DHFL), according to two sources involved in talks on how to restructure the shadow bank’s near Rs ...
By Reuters and PTI in Mumbai


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