A recent press report said that Union Bank of India has launched a financial inclusion initiative called ‘Unioninclusions,’ which includes five schemes. The Finance Minister, Mr Pranab Mukherjee, inaugurated the initiative in Mumbai. Mr. Mukherjee, at the inauguration function, asked the banks to pursue technological innovations in order to reach out to the poor and… Read More »
A recent press report said that Union Bank of India has hiked its minimum lending rate, by 50 basis points to 10 per cent. The bank said that it has revised its base Rate by 50 basis points from 9.5 per cent to 10 per cent due to the increasing interest rate scenario and higher… Read More »
Mr. M V Nair, Chairman and Managing Director, Union Bank of India, said that the RBI is likely to increase key policy rates in the month of May due to continuing high inflation in the country. This increase in key policy rates will add pressure to the banks’ lending rates. He also said that the… Read More »
Recent reports said that demand for home loans have gone down recently. The market players have said that potential buyers are waiting for the high property prices to go down. They also fell that the high-interest rates could be one of the reasons for the lesser demand for home loans. The downtrend is more prevalent… Read More »
Union Bank of India has tied up with Belgium based KBC group post SEBI approval to start this mutual fund joint venture. KBC, which is making its entry into the domestic market through this JV, is one of the largest MF players in Belgium. The company has assets under management worth Euro 174 billion as… Read More »