Home > Tag Archives: Union Bank of India

Tag Archives: Union Bank of India

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 ...

Read More »

Union Bank of India signs agreement with LIC Mutual Fund for distribution of MF products

TBB BUREAU MUMBAI, NOV 5 Union Bank of India has signed an agreement with LIC Mutual Fund for distribution of their Mutual Fund products through Union Bank Branches. The agreement was signed by Sanjay Narayan, General Manager of Union Bank of India and Nityanand Prabhu, Executive Director & Business Head, LIC Mutual Fund, in the presence of TS Ramakrishnan, MD ...

Read More »

Union Bank of India Q2 net up 21.07 per cent to Rs 1,848 cr

TBB BUREAU MUMBAI, OCT 20, 2022 Union Bank of India’s net profit rose by 21.07 per cent year-on-year (YoY) to Rs 1,848 crore in the quarter that ended in September (Q2FY23) on the back of an improvement in its net interest margin (NIM).The bank has posted a net profit of Rs 1,526 crore in Q2FY22. The Bank’s net interest income ...

Read More »

Union Bank of India announces digitalization of Kisan Credit Card

TBB BUREAU MUMBAI/ BHUBANESWAR, SEPT 19, 2022 Union Bank of India on Monday announced an industry-first, farmer-focused end-to-end digitalization of Kisan Credit Card (KCC) product as part of the flagship Digital Transformation project ‘Sambhav’, to digitize KCC lending process, making it more efficient and farmer friendly. Digitalization of Kisan Credit Card is a Fintech initiative of Union Bank of India ...

Read More »

Union Bank of India launches Union Prerna 2.0 – EmpowerHim

TBB BUREAU MUMBAI, AUGUST 1, 2022 Union Bank of India on Monday launched an Industry-first, dedicated, men-focused committee ‘EmpowerHim’ as part of its flagship HR initiative ‘Prerna’. The program aims to promote the employees’ career trajectory and improve diversity in the Bank by picking out and resolving individual as well as common existing challenges. This Committee will complement the women ...

Read More »

Union Bank of India launches Union Prerna 2.0 – EmpowerHer

TBB BUREAU MUMBAI, JULY 18, 2022 Union Bank of India today launched an Industry-first, dedicated, women-focused Committee ‘EmpowerHer’ as part of its flagship HR initiative ‘Prerna’. The program aims to promote women’s career trajectory and improve diversity in the bank by navigating through existing biases and challenges. Union Prerna is the HR Transformation initiative of Union Bank of India, aimed ...

Read More »

Union Bank of India launches MetaVerse Lounge & Open Banking Sandbox environment

TBB BUREAU MUMBAI, JULY 8, 2022 Mumbai, July 08, 2022: Union Bank of India today announced the launch of Metaverse Virtual Lounge and Open Banking Sandbox environment at an event held here. Uni-verse, the Metaverse Virtual Lounge of the Bank, hosts Bank’s products information and Videos in the initial phase. Uni-verse will deliver a unique experience of Banking to the ...

Read More »

Union Bank of India unveils mascot to create awareness on cyber security

TBB BUREAU MUMBAI, JUNE 21, 2022 Union Bank of India on Tuesday announced a unique initiative, first of its kind in the cyber security domain by creating and adopting the concept of cyber security Mascots to promote Cyber Security awareness amongst its staff and customers towards building robust cyber safe Bank. The Cyber Security Mascots, named ‘U SuरKsha’ (Female Mascot) ...

Read More »

Union Bank of India raises interest rates on deposits

TBB BUREAU MUMBAI, JUNE 17, 2022 Union Bank of India on friday announced increase in interest rates on term deposits across all maturity buckets. The revised rates would be applicable across various tenures for Domestic Term Deposits, Non-Resident Ordinary (NRO) and Non-Resident External (NRE) Term Deposits. Interest rates on Domestic/NRO Term Deposits (below Rs 2 crore) of 46-90 days tenure ...

Read More »