According to a recent press report Union Bank has reported a modest growth in profit. The main reason for its growth profit was the increased NPAs and the decrease in credit Growth. Mr. M. V. Nair Chairman and Managing Director of the bank said that the reason for modest growth was the shifting of bank… Read More »
A recent press report said that Union Bank has framed mid – corporate banking vertical from micro, small and medium enterprises (MSME) banking vertical. This plan has been implemented by focusing on the credit requirements of companies with a turnover ranging from 100 – 500 crore. The bank has carried out restructuring last month and… Read More »
A recent press report said that Shri Suresh Kumar Jain has assumed charge as the Executive Director of Union Bank of India on 1st September 2011. He is a Gold Medalist in College and University with B.Sc (Hons.) & M.A. (Economics); He has been a professional Banker for over 33 years. He has worked in… Read More »
According to a recent press report, the Union Bank has promoted seven Deputy General Managers to General Managers. These promotions were made to fill in the gaps that were created at the middle management level due to slew of retirements at the General Manager level. Those who have been promoted include: Mr A. K.T hakur,… Read More »
A recent press report said that Union Bank of India has planned to set up call centers that will focus on following up with borrowers who have fallen behind on their loan repayment. The bank offers home loans, personal loan, car loan, educational loan etc. Reports said that the bank has planned to bring down… Read More »
A recent press report said that Kendriya Vidyalaya Sangathan (KVS) and Union Bank of India,India’s largest state-owned banks, have signed a Memorandum of Understanding (MoU) for salary disbursement of KVS employees across the country. According to the agreement, the bank has accepted to offer inclusive solution for disbursement of salary to all the 56,000 KVS… Read More »