THEBUSINESSBYTES BUREAU MUMBAI, NOVEMBER 25, 2025 Amresh Prasad has formally assumed charge as Executive Director of Union Bank of India, marking a significant addition to the bank’s top leadership team. Before taking over as Executive Director at Union Bank of India, Prasad served as the Chief General Manager at the corporate office of Punjab National Bank, where he played a ...

THEBUSINESSBYTES BUREAU MUMBAI, NOVEMBER 12, 2025 Union Bank of India commemorated its 107th Foundation Day on November 11 with a grand celebration at the Jio World Convention Centre, BKC, Mumbai, marking more than a century of unwavering service, innovation, and excellence in the Indian banking sector. The milestone event was graced by M. Nagaraju, Secretary, Department of Financial Services (DFS), ...

THEBUSINESSBYTES BUREAU MUMBAI, OCTOBER 30, 2025 The Board of Directors of Union Bank of India on Thursday approved the financial results for the quarter ended September 30, 2025, showcasing a strong operational performance across key parameters. The Bank reported a robust net profit of Rs. 4,249 crore for the second quarter of FY26, driven by healthy growth in advances and ...

THEBUSINESSBYTES BUREAU MUMBAI, MARCH 6, 2025 Union Bank of India has launched a nationwide Mega MSME Outreach Campaign, a week-long initiative aimed at empowering Micro, Small, and Medium Enterprises (MSMEs) by providing seamless access to financial products, fostering entrepreneurship, and promoting financial inclusion. The campaign was formally inaugurated in Bengaluru by A. Manimekhalai, Managing Director & CEO, Union Bank of ...

Mumbai, November 18, 2024 (TBB Bureau): Union Bank of India, one of the nation’s premier public sector banks, has been ranked as the 2nd Best Bank in the EASE 7.0 Reforms Index for the first quarter of the financial year 2024-25. This recognition highlights the bank’s consistent efforts in delivering excellence and driving progress in the public sector banking space. ...

Mumbai, September 9, 2024 (TBB Bureau): Union Bank of India has announced its decision to become a signatory to the Partnership for Carbon Accounting Financials (PCAF), a move that aligns with the growing global emphasis on climate risk management and the recent draft guidelines issued by the Reserve Bank of India (RBI) on climate risk disclosures. PCAF is a global ...

MUMBAI, JUNE 22, 2024 (TBB BUREAU): Union Bank of India has been honoured with the Finnoviti Award 2024, presented by ‘Banking Frontiers’. The Bank was lauded for two groundbreaking products: ‘Operation Vajra’, a real-time monitoring system for newly opened CASA accounts utilizing velocity checks and customer profiles, and a VR-based learning solution. Chief Technology Officer Anil Kuril, along with General ...

TBB BUREAU MUMBAI, MAR 12, 2024 Union Bank of India announced today that its In-House Software Development Facility, Processes, and Service Management have been appraised at ISACA’s CMMI Maturity Level 3 in Schaumburg, IL, USA. This achievement marks a significant milestone in the bank’s commitment to excellence and innovation in technology, solidifying its position as a leader in the banking ...

TBB BUREAU MUMBAI, FEB 27, 2024 Union Bank of India today announced the signing of a Memorandum of Understanding (MoU) with Maruti Suzuki India Limited for Inventory Funding. The MoU was executed at the Bank’s Headquarters in Mumbai in the presence of dignitaries from Union Bank of India and Maruti Suzuki India Ltd. Union Bank of India will offer a ...

TBB BUREAU MUMBAI, JAN 20, 2024 Union Bank of India on Saturday reported a substantial 59.91 per cent year-on-year surge in net profit, reaching Rs 3,590 crore for the October-December quarter of FY24. This impressive growth is attributed to decreased provisioning and heightened interest income. In comparison, the bank had recorded a net profit of Rs 2,249 crore during the ...

TBB BUREAU MUMBAI, DEC 12, 2023 Union Bank of India has been bestowed with International Banking System Intelligence (IBSi) Global FinTech Innovation Award 2023 under the “Best Digital Channel/Platform Implementation” category for the Bank’s conversational banking initiatives – Union Virtual Connect (UVConn) – the Bank’s WhatsApp Banking Channel and Union Voice Assistant (UVA) – the Bank’s Voice Banking channel. The ...

TBB BUREAU MUMBAI, DEC 9, 2023 The Union Bank of India has bagged “Best Government Led Assistive Technology Award” in the Enablers category at the Assist Tech Foundation (ATF) Awards 2023 held at Bengaluru recently. The award was given for the Bank’s ground-breaking initiatives – Union Access, for implementing digital accessibility and Union Sparsh, a tactile featured braille debit card ...

TBB BUREAU MUMBAI, AUG 9, 2023 Union Bank of India (UBI), has given to the Government a dividend cheque of Rs.1,712 crore for the financial year 2022-23 (FY23). This is the highest dividend the Union Bank of India has given in any financial year. Union Bank of India Managing Director & CEO A. Manimekhalai handed over the dividend cheque to ...

TBB BUREAU MUMBAI, AUG 7, 2023 Union Bank of India MD & CEO A. Manimekhalai on Monday virtually inaugurated the launch of 200 Micro Processing Centres (MPCs) pan India which will facilitate sourcing, sanction and disbursement of Micro Credit Applications with the help of Business correspondence. The main agenda is to meet the growing demand in microcredit proposals, including various ...

TBB BUREAU MUMBAI, APR 24, 2023 Union Bank of India, the country’s fifth largest public sector bank, in collaboration with Reserve Bank Innovation Hub (RBIH), simplified the annual submission of Form 15G & H for its customers by enabling online submission via the Bank’s WhatsApp channel, Union Virtual Connect (UVConn). Union Bank of India customers can avail banking services in ...

TBB BUREAU MUMBAI, NOV 5 Union Bank of India has signed an agreement with LIC Mutual Fund for distribution of their Mutual Fund products through Union Bank Branches. The agreement was signed by Sanjay Narayan, General Manager of Union Bank of India and Nityanand Prabhu, Executive Director & Business Head, LIC Mutual Fund, in the presence of TS Ramakrishnan, MD ...

TBB BUREAU MUMBAI, OCT 20, 2022 Union Bank of India’s net profit rose by 21.07 per cent year-on-year (YoY) to Rs 1,848 crore in the quarter that ended in September (Q2FY23) on the back of an improvement in its net interest margin (NIM).The bank has posted a net profit of Rs 1,526 crore in Q2FY22. The Bank’s net interest income ...

TBB BUREAU MUMBAI/ BHUBANESWAR, SEPT 19, 2022 Union Bank of India on Monday announced an industry-first, farmer-focused end-to-end digitalization of Kisan Credit Card (KCC) product as part of the flagship Digital Transformation project ‘Sambhav’, to digitize KCC lending process, making it more efficient and farmer friendly. Digitalization of Kisan Credit Card is a Fintech initiative of Union Bank of India ...

TBB BUREAU MUMBAI, AUGUST 1, 2022 Union Bank of India on Monday launched an Industry-first, dedicated, men-focused committee ‘EmpowerHim’ as part of its flagship HR initiative ‘Prerna’. The program aims to promote the employees’ career trajectory and improve diversity in the Bank by picking out and resolving individual as well as common existing challenges. This Committee will complement the women ...

TBB BUREAU MUMBAI, JULY 18, 2022 Union Bank of India today launched an Industry-first, dedicated, women-focused Committee ‘EmpowerHer’ as part of its flagship HR initiative ‘Prerna’. The program aims to promote women’s career trajectory and improve diversity in the bank by navigating through existing biases and challenges. Union Prerna is the HR Transformation initiative of Union Bank of India, aimed ...

TBB BUREAU MUMBAI, JULY 8, 2022 Mumbai, July 08, 2022: Union Bank of India today announced the launch of Metaverse Virtual Lounge and Open Banking Sandbox environment at an event held here. Uni-verse, the Metaverse Virtual Lounge of the Bank, hosts Bank’s products information and Videos in the initial phase. Uni-verse will deliver a unique experience of Banking to the ...

TBB BUREAU MUMBAI, JULY 1, 2022 Union Bank of India today launched a unique charity initiative named “U Smile – Spread Smiles” at its Head Office in Mumbai, wherein all Unionites and well-wishers come forward and donate voluntarily for a cause. A well-structured provision for acceptance of clothes, grocery items and donation in cash has been provided for at the ...

TBB BUREAU MUMBAI, JUNE 21, 2022 Union Bank of India on Tuesday announced a unique initiative, first of its kind in the cyber security domain by creating and adopting the concept of cyber security Mascots to promote Cyber Security awareness amongst its staff and customers towards building robust cyber safe Bank. The Cyber Security Mascots, named ‘U SuरKsha’ (Female Mascot) ...

TBB BUREAU MUMBAI, JUNE 17, 2022 Union Bank of India on friday announced increase in interest rates on term deposits across all maturity buckets. The revised rates would be applicable across various tenures for Domestic Term Deposits, Non-Resident Ordinary (NRO) and Non-Resident External (NRE) Term Deposits. Interest rates on Domestic/NRO Term Deposits (below Rs 2 crore) of 46-90 days tenure ...

TBB BUREAU MUMBAI, JUNE 3, 2022 A Manimekhalai on Friday assumed charge as Managing Director & CEO of Union Bank of India. Prior to the new assignment, Manimekhalai was the Executive Director at Canara Bank, wherein she oversaw strategic planning, credit & related matters, inspection, marketing and financial inclusion, State Level Lead Bank responsibilities and the functioning of Regional Rural ...

TBB BUREAU MUMBAI, MAY 11, 2022  Union Bank of India today announced the launch of ‘Trade nxt’, an online platform for providing comprehensive cross border trade finance services to Indian Exporters and Importers. It offers seamless entry and processing of letters of credit (LC), bank guarantees, export/import bills, disbursement of export credit, outward & inward remittances, dealer financing and much ...

TBB BUREAU BHUBANESWAR, FEBRUARY 11, 2022 Union Bank of India on Friday signed a memorandum of understanding (MoU) with Odisha Mining Corporation Limited (OMC), a State PSU and Gold category company towards payment gateway facility for receiving sales proceeds of OMC. The MoU was signed by RK Jaglan, General Manager, Govt. Business, Union Bank of India and BB Pani, Chief ...

TBB BUREAU MUMBAI, NOV 24, 2021          Capri Global Capital Limited (CGCL) has entered into a co-lending agreement with the Union Bank of India (UBI) to offer MSMEs loans. Through this collaboration, CGCL and UBI aim to disburse MSME loans across 100+ touch points pan-India. The loan disbursement under this arrangement would commence from December 2021. This agreement is signed ...

TBB BUREAU MUMBAI, OCT 26, 2021 Union Bank of India today announced reduction in its Home Loan interest rates with minimum rate of interest now starting at 6.40 per cent. The reduced rate will be effective from 27th October, 2021. The new rates will be applicable to customers applying for new loans or those who wish to transfer their existing ...

TBB BUREAU NEW DELHI, SEPT 21, 2021      The Union Bank of India entered into an agreement with the North Delhi Municipal Corporation (NDMC) according to which the latter has appointed and authorized Union Bank of India for the purpose of disbursement of pension of their employees at their headquarters i.e. Civic Centre, New Delhi. The Memorandum of Understanding (MoU) ...

TBB BUREAU NEW DELHI, SEPT 15, 2021  Union Bank of India has received the prestigious ‘Rajbhasha Kirti Puraskar’ for excellent implementation of Hindi during the year 2018-19, 2019-20 and 2020-21 at a glittering function held at Vigyan Bhavan, New Delhi on Tuesday. Union Bank of India Managing Director & CEO Rajkiran Rai G received the award at the hands of ...

TBB BUREAU NEW DELHI, JUNE 17, 2021 The Union Bank of India on Thursday entered into an agreement with the National Small Industries Corporation Ltd (NSIC) to support MSMEs with credit requirements. The memorandum of understanding was signed by P K Das, FGM-Delhi on behalf of the Union Bank of India, and P R Kumar, CGM, NSIC, here today. Under ...

TBB BUREAU MUMBAI, MAY 3, 2021 Union Bank of India bagged the ‘ET Best Places to Work for Women 2021 powered by Femina’ Award. The recognition was conferred by ET Edge, an initiative of India’s largest media house – The Times Group. The recognition is received for providing a conducive environment for women employees at the bank and setting a ...