UBI to seek Rs.1,000 crore from government
August 16th, 2012 - 7:09 pm ICT by IANS
Kolkata, Aug 16 (IANS) Public sector lender Union Bank of India (UBI) will seek capital investment up to Rs.10 billion from the central government to clock around 18-20 percent growth ... Read more...
Posted in Business |
Customs down Central to emerge champions
August 15th, 2012 - 9:48 pm ICT by IANS
Mumbai, Aug 15 (IANS) Mumbai Customs clinched top honours in the annual Independence Cup Football Tournament organised by the Mumbai District Football Association, Parel Wednesday.In the final, Customs, who finished ... Read more...
Posted in Sports |
City Union Bank to raise Rs.250 crore through rights issue
August 3rd, 2012 - 6:03 pm ICT by IANS
Chennai, Aug 3 (IANS) City Union Bank will raise Rs.250 crore through a rights issue this year to meet its growing business needs and capital adequacy ratio (CAR), said a ... Read more...
Posted in Business |
Two TV channel directors held for forgery
July 23rd, 2012 - 11:11 pm ICT by IANS
New Delhi, July 23 (IANS) Two directors of a Bhojpuri TV Channel were arrested for forgery to secure loans of nearly Rs.100 crore, a CBI official said Monday. A Delhi ... Read more...
Posted in Entertainment |
Rs.7 lakh looted from bank in Jharkhand
June 14th, 2012 - 5:03 pm ICT by IANS
Ranchi, June 14 (IANS) Five unidentified people Thursday looted Rs.seven lakh from a Union Bank of India branch in Jharkhand's West Singhbhum district, 60 km from here, Thursday, police said.The ... Read more...
Posted in Uncategorized |
City Union Bank targets 20-30 percent growth
May 18th, 2012 - 6:05 pm ICT by IANS
Chennai, May 18 (IANS) Privately-owned City Union Bank hopes to log a growth of 20-30 percent this fiscal despite the economic outlook not being encouraging while the net interest ... Read more...
Posted in Business |
Union Bank of India quarterly net profit up
May 9th, 2012 - 3:44 pm ICT by IANS
Mumbai, May 9 (IANS) Public sector lender Union Bank of India Wednesday reported 29 percent increase in net profit, at Rs.773 crore for the quarter ended March 31 against Rs.597.57 ... Read more...
Posted in Uncategorized |
Bulk, retail deposit interest rates would go down first: Bankers
April 17th, 2012 - 9:00 pm ICT by IANS
Chennai, April 17 (IANS) Welcoming the Reserve Bank of India's (RBI) move to reduce the reverse purchase (repo) rate by 50 basis points and other features of the monetary policy ... Read more...
Posted in Business |
City Union Bank to come out with rights issue
January 31st, 2012 - 7:46 pm ICT by IANS
Chennai, Jan 31 (IANS) Private sector City Union Bank has initiated the process of coming out with a rights issue in six months' time to beef up its net worth, ... Read more...
Posted in Business |
Government teachers in Mumbai get salaries online
December 1st, 2011 - 11:05 pm ICT by IANS
Mumbai, Dec 1 (IANS) For the first time, teachers and non-teaching staff of all government-aided schools in the city received their salary Thursday online through a nationalised bank, an official ... Read more...
Posted in Uncategorized |
No decision on savings account rate hike: City Union Bank
November 5th, 2011 - 6:36 pm ICT by IANS
Chennai, Nov 5 (IANS) Private sector City Union Bank has decided to play a wait-and- watch game in respect of revising its interest rates on savings bank accounts, an official ... Read more...
Posted in Business |
Union Bank of India net profit up
October 24th, 2011 - 9:18 pm ICT by IANS
New Delhi, Oct 24 (IANS) Public sector lender Union Bank of India (UBI) Monday reported an increase of 16.2 percent in its net profit for the quarter ended Sep 30, ... Read more...
Posted in Business |
1,681 cases disposed of, 165 officers booked by CVC
September 19th, 2011 - 10:34 pm ICT by IANS
New Delhi, Sep 19 (IANS) The Central Vigilance Commission (CVC) disposed of 1,681 cases and recommended major penalties against 165 officers in July, an official statement said Monday.
"Of the ... Read more...
Posted in Uncategorized |
Union Bank of India hikes base rate by 50 basis points
August 6th, 2011 - 5:09 pm ICT by IANS
Mumbai, Aug 6 (IANS) Public sector lender Union Bank of India (UBI) Saturday said it has increased its base rate by 50 basis points following hike in key interest rates ... Read more...
Posted in Business |
City Union Bank to expand reach
July 30th, 2011 - 12:04 am ICT by IANS
Chennai, July 29 (IANS) The private City Union Bank (CUB) will be expanding its retail reach by setting up more branches and ATMs this fiscal, said the bank's managing director ... Read more...
Posted in Business |
ATM with Rs.7.60 lakh hijacked in Pune
July 5th, 2011 - 3:52 pm ICT by IANS
Pune, July 5 (IANS) Unidentified criminals decamped with an ATM of a public-sector bank with an estimated Rs.7.60 lakh in it, an official said Tuesday.The incident occurred in a commercial-cum-residential ... Read more...
Posted in Uncategorized |
M.V. Tanksale is new CMD of Central Bank Of India
June 29th, 2011 - 6:14 pm ICT by IANS
Mumbai, June 29 (IANS) Veteran banker M.V. Tanksale took over as the new chairman-cum-managing director of the state-owned Central Bank of India here Wednesday, an official said.Prior to this, Tanksale ... Read more...
Posted in Business |
UCO Bank partners Religare for internet trading services
April 25th, 2011 - 7:09 pm ICT by IANS
Kolkata, April 25 (IANS) Kolkata-based UCO Bank and Religare Securities Limited (RSL), a wholly-owned subsidiary of Religare Enterprises Limited (REL), Monday entered into a tie-up, offering Religare's internet trading services ... Read more...
Posted in Business |
Now, pay income tax through Union Bank ATMs
March 31st, 2011 - 11:09 pm ICT by IANS
New Delhi, March 31 (IANS) Now, account holders of the state-run Union Bank of India can pay their income tax through the bank's network of 2,600 ATMs."Implementation of income tax ... Read more...
Posted in Business |
Ashutosh’s passport stolen, misses Star Parivar awards in Macau
February 24th, 2011 - 7:35 pm ICT by IANS
Mumbai, Feb 24 (IANS) Television actor Ashutosh Rana, who bagged two nominations for the Star Parivar Awards, says his passport and foreign currency was stolen from his car just hours before he ... Read more...
Posted in Entertainment |
Rs.6.86 lakh looted from Jharkhand bank
February 22nd, 2011 - 8:11 pm ICT by IANS
Ranchi, Feb 22 (IANS) Four armed criminals looted Rs.6.86 lakh from a bank in Jharkhand's West Singhbhum district Tuesday, police said. According to police, the four, posing as customers, entered a branch ... Read more...
Posted in Uncategorized |
Two injured in three robberies in capital
January 14th, 2011 - 9:20 pm ICT by IANS
New Delhi, Jan 14 (IANS) In three separate incidents of crime in the capital Friday, all in less than six hours, two men, including an employee of a well-known jewellery shop in ... Read more...
Posted in Uncategorized |
Union Bank hikes lending rate by 50 bps
December 27th, 2010 - 5:17 pm ICT by IANS
Mumbai, Dec 27 (IANS) The government-run Union Bank of India Monday raised the base rate, the minimum rate at which banks lend, by 50 basis points (bps) to 9 percent, in line ... Read more...
Posted in Business |
Union Bank raises interest rates
December 18th, 2010 - 6:35 pm ICT by IANS
Mumbai, Dec 18 (IANS) The government-run Union Bank of India will raise lending and deposit rates by up to 100 basis points effective Monday. "In view of the current micro-economic scenario and ... Read more...
Posted in Business |
Woman bank official commits suicide
October 19th, 2010 - 8:44 pm ICT by IANS
Ghaziabad, Oct 19 (IANS) Depressed over the death of her boyfriend, a woman bank manager committed suicide by jumping from her 8th floor residence in Ghaziabad, police said Tuesday.Police said Neha Nanda, ... Read more...
Posted in Uncategorized |
Union Bank raises base rate by 50 bps to 8.5 percent
October 15th, 2010 - 7:19 pm ICT by IANS
New Delhi, Oct 15 (IANS) Public sector lender Union Bank of India said Friday it will increase its base rate by 50 basis points (bps) to 8.5 percent and deposit rates by ... Read more...
Posted in Business |
Union Bank sees deposit rates going up from October
September 21st, 2010 - 6:36 pm ICT by IANS
Kolkata, Sep 21 (IANS) Deposit rates would start rising again from October on the back of expected tightness in liquidity, Union Bank of India Chairman and Managing Director M.V. Nair said here ... Read more...
Posted in Business |
Top bank executive cleared of corruption - after 24 years! (With Image)
August 16th, 2010 - 10:51 am ICT by IANS
By Quaid Najmi
Mumbai, Aug 16 (IANS) He lived with humiliation for a quarter of a century, lost his wife and saw his career going down the hill. But M.U. Kini, a bank ... Read more...
Posted in Business |
‘Graft cases pending against 41 officials’
August 13th, 2010 - 4:15 pm ICT by IANS
New Delhi, Aug 13 (IANS) The Central Vigilance Commission (CVC) has disclosed that cases of corruption against 41 government officials are pending for prosecution for over four months.
According to the CVC, these ... Read more...
Posted in Business |
Microfinance non-banking finance companies for financial inclusion
August 6th, 2010 - 8:00 pm ICT by IANS
Chennai, Aug 6 (IANS) There should be a separate category of micro-finance non-banking finance companies (MFNBFC) to act as correspondent banks for larger banks and help financial inclusion, the Prime Minister's Economic ... Read more...
Posted in Business |
Food prices to ease with rains, says RBI Deputy Governor
August 6th, 2010 - 7:35 pm ICT by IANS
Chennai, Aug 6 (IANS) The Reserve Bank of India (RBI) has taken measures to tackle inflation and expects food inflation to subside with good monsoon rains, a deputy governor of the ... Read more...
Posted in Business |
Don’t want to see days like 1990’s again: Pranab
August 5th, 2010 - 7:39 pm ICT by IANS
New Delhi, Aug 5 (IANS) Finance Minister Pranab Mukherjee Thursday invoked memories of India mortgaging its gold in banks abroad to wriggle out of a balance of payment crisis in the ... Read more...
Posted in Business |
Who is T.S. Darbari?
August 3rd, 2010 - 8:37 pm ICT by IANS
New Delhi, Aug 3 (IANS) T.S. Darbari, the joint director general of the Commonwealth Games Organising Committee (CWGOC) now in the eye of the storm over alleged irregularities, is a man who ... Read more...
Posted in Business |
Father, son held for duping bank of Rs.54.70 mn
July 27th, 2010 - 1:18 pm ICT by IANS
Chandigarh, July 27 (IANS) A Chandigarh-based industrialist and his son have been arrested for duping the IDBI Bank of Rs.5.47 crore, police here said Tuesday.
The Economic Offence Wing (EOW) of the Chandigarh ... Read more...
Posted in Uncategorized |
New interest rate regime come into force Thursday
June 30th, 2010 - 6:26 pm ICT by IANS
Mumbai, June 29 (IANS) A new interest rate regime, aimed at improving transparency and disallowing big corporations to get loans at rates below established benchmarks, will kick in from Thursday as ... Read more...
Posted in Business |