Mumbai, November 18, 2024 (TBB Bureau): Union Bank of India, one of the nation’s premier public sector banks, has been ranked as the 2nd Best Bank in the EASE 7.0 Reforms Index for the first quarter of the financial year 2024-25. This recognition highlights the bank’s consistent efforts in delivering excellence and driving progress in the public sector banking space. ...

Mumbai, September 9, 2024 (TBB Bureau): Union Bank of India has announced its decision to become a signatory to the Partnership for Carbon Accounting Financials (PCAF), a move that aligns with the growing global emphasis on climate risk management and the recent draft guidelines issued by the Reserve Bank of India (RBI) on climate risk disclosures. PCAF is a global ...

MUMBAI, JUNE 22, 2024 (TBB BUREAU): Union Bank of India has been honoured with the Finnoviti Award 2024, presented by ‘Banking Frontiers’. The Bank was lauded for two groundbreaking products: ‘Operation Vajra’, a real-time monitoring system for newly opened CASA accounts utilizing velocity checks and customer profiles, and a VR-based learning solution. Chief Technology Officer Anil Kuril, along with General ...

TBB BUREAU MUMBAI, MAR 12, 2024 Union Bank of India announced today that its In-House Software Development Facility, Processes, and Service Management have been appraised at ISACA’s CMMI Maturity Level 3 in Schaumburg, IL, USA. This achievement marks a significant milestone in the bank’s commitment to excellence and innovation in technology, solidifying its position as a leader in the banking ...

TBB BUREAU MUMBAI, FEB 27, 2024 Union Bank of India today announced the signing of a Memorandum of Understanding (MoU) with Maruti Suzuki India Limited for Inventory Funding. The MoU was executed at the Bank’s Headquarters in Mumbai in the presence of dignitaries from Union Bank of India and Maruti Suzuki India Ltd. Union Bank of India will offer a ...

TBB BUREAU MUMBAI, JAN 20, 2024 Union Bank of India on Saturday reported a substantial 59.91 per cent year-on-year surge in net profit, reaching Rs 3,590 crore for the October-December quarter of FY24. This impressive growth is attributed to decreased provisioning and heightened interest income. In comparison, the bank had recorded a net profit of Rs 2,249 crore during the ...

TBB BUREAU MUMBAI, DEC 12, 2023 Union Bank of India has been bestowed with International Banking System Intelligence (IBSi) Global FinTech Innovation Award 2023 under the “Best Digital Channel/Platform Implementation” category for the Bank’s conversational banking initiatives – Union Virtual Connect (UVConn) – the Bank’s WhatsApp Banking Channel and Union Voice Assistant (UVA) – the Bank’s Voice Banking channel. The ...

TBB BUREAU MUMBAI, DEC 9, 2023 The Union Bank of India has bagged “Best Government Led Assistive Technology Award” in the Enablers category at the Assist Tech Foundation (ATF) Awards 2023 held at Bengaluru recently. The award was given for the Bank’s ground-breaking initiatives – Union Access, for implementing digital accessibility and Union Sparsh, a tactile featured braille debit card ...

TBB BUREAU MUMBAI, AUG 9, 2023 Union Bank of India (UBI), has given to the Government a dividend cheque of Rs.1,712 crore for the financial year 2022-23 (FY23). This is the highest dividend the Union Bank of India has given in any financial year. Union Bank of India Managing Director & CEO A. Manimekhalai handed over the dividend cheque to ...

TBB BUREAU MUMBAI, AUG 7, 2023 Union Bank of India MD & CEO A. Manimekhalai on Monday virtually inaugurated the launch of 200 Micro Processing Centres (MPCs) pan India which will facilitate sourcing, sanction and disbursement of Micro Credit Applications with the help of Business correspondence. The main agenda is to meet the growing demand in microcredit proposals, including various ...