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 ...

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 ...

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 ...

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 ...

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 ...

TBB BUREAU MUMBAI, JULY 1, 2022 Union Bank of India today launched a unique charity initiative named “U Smile – Spread Smiles” at its Head Office in Mumbai, wherein all Unionites and well-wishers come forward and donate voluntarily for a cause. A well-structured provision for acceptance of clothes, grocery items and donation in cash has been provided for at the ...

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) ...

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 ...

TBB BUREAU MUMBAI, JUNE 3, 2022 A Manimekhalai on Friday assumed charge as Managing Director & CEO of Union Bank of India. Prior to the new assignment, Manimekhalai was the Executive Director at Canara Bank, wherein she oversaw strategic planning, credit & related matters, inspection, marketing and financial inclusion, State Level Lead Bank responsibilities and the functioning of Regional Rural ...