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 ...

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 ...

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 ...

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 ...