Union Bank of India

(UNIONBANK)

Union Bank Offers Increased Collateral-Free Education Loans - 17 Sep, 2024

Union Bank of India has expanded its collateral-free education loan scheme, now offering loans up to ₹40 lakh to students admitted to 260 top universities worldwide.

Union Bank Upgraded by Investec, Stock Rallies - 16 Sep, 2024

Union Bank of India received a 'buy' upgrade from Investec, leading to a stock rally of nearly 3%. Analysts noted strong fundamentals and improved asset quality, with a target price of Rs 151 indicating a potential 19% upside.

Union Bank of India Shows Strong Q1 Performance - 12 Sep, 2024

Union Bank of India's dividend yield stands at 3.06%, placing it in the top 25% of Indian dividend payers. Despite a low payout ratio of 18.8% and a history of volatility in dividend payments, the bank reported a net income increase to ₹36.42 billion for Q1 2024, up from ₹32.72 billion year-on-year, indicating robust financial performance despite high non-performing loans at 4.7%.

Union Bank Joins PCAF for Climate Risk Management - 10 Sep, 2024

Union Bank of India has become the first major Indian bank to join the Partnership for Carbon Accounting Financials (PCAF), demonstrating its commitment to climate risk management and aligning with RBI's draft guidelines on climate risk disclosures.

Union Bank Joins PCAF for Climate Risk Management - 09 Sep, 2024

Union Bank of India has become the first major Indian bank to join the Partnership for Carbon Accounting Financials (PCAF), demonstrating its commitment to measuring and managing financed emissions in line with RBI's climate risk guidelines.

Union Bank Celebrates Teachers Day with Guru Pranam - 06 Sep, 2024

On Teachers Day, Union Bank of India celebrated the Guru-Pranam drive in Mysuru, honoring teachers and discussing savings and investment schemes tailored for educators and children.

Union Bank Partners with Toyota for Financing Solutions - 31 Aug, 2024

Union Bank of India has partnered with Toyota Kirloskar Motor to provide vehicle financing solutions, offering up to 90% financing and flexible tenure options for customers.

Union Bank Reports Decline in Banking Liquidity - 30 Aug, 2024

Union Bank of India highlights a significant decline in banking liquidity, falling to Rs 0.95 lakh crore as of August 28, 2024, despite government appeals to boost liquidity.

Union Bank Freezes MTNL Accounts Over Dues - 29 Aug, 2024

Union Bank of India has frozen all accounts of state-run telecom company MTNL for non-payment of loans, as communicated in a letter dated August 21.

Union Bank Faces MTNL Account Freeze Amid GDP Forecast - 28 Aug, 2024

Union Bank of India forecasts a moderate GDP growth of 6.7% for Q1 FY25. Additionally, it has frozen all accounts of MTNL due to unpaid dues.

Union Bank Enhances Term Deposit Rates for Seniors - 27 Aug, 2024

Union Bank of India announced additional interest rates for senior and super senior citizens on term deposits, effective from December 1, 2022. Despite this positive news, the bank's shares traded 0.24% lower at Rs 124.26 on August 27, 2024.

Delhi HC Questions Union Bank Executive Appointment - 22 Aug, 2024

The Delhi High Court raised concerns over the appointment of Pankaj Dwivedi as Executive Director of Union Bank of India due to a pending sexual harassment chargesheet against him.

Positive Signs for Rural Consumption Amid Global Uncertainties - 21 Aug, 2024

Union Bank of India's backed fund house reports early positive signs in rural consumption and the upcoming festive season, while emphasizing a focus on earnings amidst global uncertainties over the next two quarters.

Union Bank of India Posts Third Day of Gains - 20 Aug, 2024

Union Bank of India shares rose 4.1% today, achieving a third consecutive session of gains. The stock is up 36.3% over the past year, despite an 8.11% decline in the last month.