A recent press report said that various banks have taken control of Trident Microfin by getting a majority stake in the firm, leaving promoter and chief executive Mr. Kishore Kumar Puli with a stake of only 4.2 per cent. As per reports, banks such as ICICI Bank, HDFC Bank, Axis Bank, Indian Overseas Bank, Bank… Read More »
A recent press report said that the financial inclusion measures and increased customer focus has significantly changed the Indian Banking scene from class banking to mass banking. In his statement, Mr. S. K. Chatterjee, director of Lucknow – based Bankers Institute of Rural Development (BIRD) said that India still has a great potential for retail… Read More »
A recent press report said that RBI has constituted a 9-member panel to look into various issues related to priority sector lending, including review of loan limits under the segment. Reports said that the committee will be headed by Mr. M V Nair, Chairman and Managing Director, Union Bank of India and that the panel… Read More »
A recent press report said that Union Bank of India has a new Executive Director, Mr. Suresh Kumar Jain. Mr. Jain has come in the place of Mr. S. C. Kalia, who has now superannuated. Mr. Jain is the former General Manager of Bank of India and has also worked in the London and Hong… Read More »
A recent press report said that Union Bank of India has revised its target for credit and deposit growth downwards, in line with the revised projections of the Reserve Bank of India. Reports said that the bank has set the credit growth and deposit growth targets at 18.5 per cent and 16.5 per cent respectively.… Read More »
A recent press report said that Union Bank of India has launched “Union Chetna” which is an information window for the customers as well as employees. Under the scheme informative contents will be displayed on a digital screen. The service is to provide information on various products and services of the bank to customers during… Read More »
A recent press report said that the Reserve Bank of India has made up a committee on priority sector under the Chairmanship of Mr. M V Nair, Chairman & Managing Director of Union Bank of India. The RBI has set up a committee to reexamine the existing classification and suggest revised guidelines with regard to… Read More »
A recent press report said that Union Bank if India has revisited its target for credit and deposit growth downwards equating the projections of the RBI. Further the bank has set the credit growth and deposit growth targets at 18.5 per cent and 16.5 per cent respectively. As per the report, at the beginning of… Read More »
A recent press report said that Union Bank if India has revisited its target for credit and deposit growth downwards equating the projections of the RBI. Further the bank has set the credit growth and deposit growth targets at 18.5 per cent and 16.5 per cent respectively. As per the report, at the beginning of… Read More »
A recent press report said that Union Bank of India has planned to double the strength of its ATMs to 5,000 by the end of this fiscal. The bank has planned to open around 130 new ATMs in Tamil Nadu. Mr. Lalit Sinha, General Manager, alternate channels and new initiative department said that the bank… Read More »