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Tag "Union Bank of India"

Union Bank of India cuts MCLR by 20bps across tenors

Union Bank of India cuts MCLR by 20bps across tenors

🕔13:30, 10.Jul 2020

Mumbai, July 10  Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 points across all tenors. The rate cut will come into effect from Saturday, the company said in a

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Union Bank expands insurance distribution channels post merger

Union Bank expands insurance distribution channels post merger

🕔16:10, 3.Jul 2020

Mumbai, July 3 The Union Bank of India has expanded the insurance distribution channels after the amalgamation of Andhra Bank and Corporation Bank with it with effect from April 1, 2020. Now, all branch outlets of Union Bank of India will

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Union Bank of India cuts EBLR by 40 bps

Union Bank of India cuts EBLR by 40 bps

🕔16:15, 30.May 2020

Mumbai, May 30  Union Bank of India on Saturday announced reduction in External Benchmark Lending Rate (EBLR) by 40 bps to 6.80 per cent taking into consideration the recent change in Repo Rate by RBI. The revised rates will be

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Union Bank of India logs Q3 net profit of Rs 574 cr

Union Bank of India logs Q3 net profit of Rs 574 cr

🕔07:31, 11.Feb 2020

New Delhi, Feb 11  Union Bank of India (UBI) on Monday announced that its standalone net profit for the quarter ended December 31 stood at Rs 574.58 crore. During the July-September quarter of the financial year 2019-20, the public sector

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Union Bank to raise Rs 600 cr through employee share purchase scheme

Union Bank to raise Rs 600 cr through employee share purchase scheme

🕔08:08, 4.Jan 2019

Mumbai, Jan 4  Public sector lender Union Bank of India plans to raise up to Rs 600 crore through “Employee Share Purchase Scheme”, subject to shareholders’ approval. According to the bank, its stakeholders Relationship Committee (SRC) has approved the scheme

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Union Bank of India’s Q3 net loss at Rs 1,250 cr

Union Bank of India’s Q3 net loss at Rs 1,250 cr

🕔16:51, 4.Feb 2018

Mumbai, Feb 4  State-run Union Bank of India on Saturday reported a net loss of Rs 1,250 crore for the third quarter of 2017-18, against a net profit of Rs 104 crore in the corresponding period of 2016-17. “Net loss

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Union Bank net profit up 12.5% in Q4

Union Bank net profit up 12.5% in Q4

🕔10:49, 9.May 2017

Mumbai, May 9  Union Bank of India on Monday reported a 12.5 per cent increase in its net profit to Rs 108.22 crore in the quarter ended March 31, 2017 as compared to Rs 96.12 crore in the corresponding period

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