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Union Bank of India

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Finance

07 June, 2021

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Public sector banks have identified a total of 22 large bad loan accounts worth Rs 89,000 crore (approximately $12.2 billion) ......

Grapevine: Microsoft may invest in Paytm; Union Bank may pare stake in insurance JV

General

27 April, 2020

Grapevine: Microsoft may invest in Paytm; Union Bank may pare stake in insurance JV

Digital payments firm Paytm is in talks with US technology giant Microsoft to raise $100 million (about Rs 760 crore ......

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VCCircle LP summit: Here's what investors want fund managers to do

Finance

27 February, 2020

VCCircle LP summit: Here's what investors want fund managers to do

General Partners should engage more with their investors and diversify their product offerings if they want a deeper commitment, executives ......

Equifax to buy out SBI, other partners in India joint venture

Finance

15 January, 2020

Equifax to buy out SBI, other partners in India joint venture

US-based consumer credit reporting firm Equifax Inc. is buying the stake held by State Bank of India and its other ......

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We have backed about 20 PE-VC funds, experience has been mixed: Union Bank GM

Finance

25 November, 2019

We have backed about 20 PE-VC funds, experience has been mixed: Union Bank GM

Union Bank of India expects its PE-VC pool to bump up two times as the limited partner becomes the fifth-largest ......

Slowing Indian bank lending overshadows economic rebound hopes

Economy

16 October, 2019

Slowing Indian bank lending overshadows economic rebound hopes

Credit growth at Indian banks has dropped to its lowest level in nearly two years, the latest Reserve Bank of ......

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State Bank of India looks to exit financial services company

Finance

04 September, 2019

State Bank of India looks to exit financial services company

State Bank of India (SBI), the country's largest lender, has started a process to exit its six-year-old investment in a ......

Govt unveils big-bang plan to merge state-run banks

Finance

30 August, 2019

Govt unveils big-bang plan to merge state-run banks

The government will merge 10 state-run banks into four as part of a big consolidation drive to clean up the ......

Now, a lenders' takeover of DHFL just short of two regulatory nods

Finance

21 August, 2019

Now, a lenders' takeover of DHFL just short of two regulatory nods

All banks have consented to converting financially-troubled Dewan Housing Finance Corp. Ltd (DHFL)’s debt into equity, and now await greenlight ......

Sensex drops 1% as state-run banks, drugmakers slump

Markets

13 May, 2019

Sensex drops 1% as state-run banks, drugmakers slump

Indian shares closed weaker for a ninth straight session on Monday, dragged by financial and pharmaceutical stocks, as concerns over ......