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Tag Archives: Union Bank of India

Union Bank of India becomes first major Indian bank to sign PCAF

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 ...

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Union Bank of India wins Finnoviti Award 2024

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 ...

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Union Bank of India achieves ISACA’s CMMI Maturity Level 3 certification

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 ...

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Union Bank of India posts 60pc jump in net profit

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 ...

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Union Bank of India bags IBSi Global FinTech Innovation Award

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 ...

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Union Bank of India bags “Best Government Led Assistive Technology Award”

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 ...

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Union Bank of India launches 200 Micro Process Centres pan India

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 ...

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Union Bank of India simplifies Form 15G & H submission

TBB BUREAU MUMBAI, APR 24, 2023 Union Bank of India, the country’s fifth largest public sector bank, in collaboration with Reserve Bank Innovation Hub (RBIH), simplified the annual submission of Form 15G & H for its customers by enabling online submission via the Bank’s WhatsApp channel, Union Virtual Connect (UVConn). Union Bank of India customers can avail banking services in ...

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