Amaravati, June 19 (IANS) Andhra Pradesh’s annual credit plan target for 2026‑27 has been fixed at Rs 8.10 lakh crore, a 22.7 per cent increase over the previous year’s Rs 6.6 lakh crore. The credit plan was approved at the State‑Level Bankers’ Committee (SLBC) meeting presided over by Chief Minister N. Chandrababu Naidu.According to an official release, Rs 5.40 lakh crore has been earmarked for priority sectors, including agriculture, while Rs 2.70 lakh crore has been allocated to oth…
Latest Union Bank of India News & Updates
Amaravati, June 19 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Friday urged bankers to extend their cooperation to facilitate economic activities across the state The Chief Minister chaired the 235th State Level Bankers’ Committee (SLBC) meeting held at the Secretariat.The meeting discussed the Annual Credit Plan for 2026-27 and reviewed the credit extended to the agriculture sector, MSMEs, Self-Help Groups (SHGs), and tenant farmersBanks reported extending loans worth Rs 3,86,2…
Palghar (Maharashtra), June 3 (IANS) The Palghar District Administration on Wednesday said it has decided to shift the compensation account of the Dahanu Competent Authority for Land Acquisition (CALA) for the Vadhvan Port Project to Union Bank of India.The move is aimed at further strengthening transparency, accountability, and beneficiary confidence in the compensation disbursement process.According to the administration, all administrative formalities required for the transition have been com…
Bengaluru, June 2 (IANS) The Central Bureau of Investigation (CBI) on Tuesday filed three charge sheets in connection with the alleged misappropriation of funds from the Karnataka Maharishi Valmiki Scheduled Tribes Development Corporation Limited (KMVSTDCL) and two other state government entities, naming former Karnataka Scheduled Tribes Welfare Minister B. Nagendra among the accused. According to the CBI, former Minister and Congress MLA B. Nagendra, his close associate Nekkanti Nagaraj, and Pa…
Mumbai, May 26 (IANS) Union Bank of India on Tuesday approved a plan to raise up to Rs 8,000 crore through a mix of equity and debt instruments to strengthen its capital base and support future business growth.In a regulatory filing to the BSE, the bank said its board of directors, in a meeting held on May 26, 2026, approved the capital-raising proposal.“We wish to inform you that the Board of Directors in its meeting held on May 26, inter-alia, considered and approved: Capital plan of the ban…
New Delhi, May 18 (IANS) India’s financial system has become stronger and more stable due to the growing role of asset reconstruction companies (ARCs), M Nagaraju, Secretary, Department of Financial Services, said on Monday.Addressing an industry gathering during ASREC logo launch event in the national capital, he said ARCs have emerged as a key pillar of the country’s financial ecosystem by helping banks and financial institutions resolve stressed assets efficiently.“ARCs play a major rol…
Mumbai, April 30 (IANS) State-owned Union Bank of India on Thursday dismissed recent media reports regarding variations in deposits, stating that the claims are based on an unverified letter and contain factual inaccuracies.In a clarification statement, the bank said its financial statements undergo rigorous audit processes and have received unmodified audit opinions, confirming a true and fair view in line with regulatory and accounting standards.The bank said that it continues to focus on depo…
New Delhi, April 17 (IANS) The Union Government on Friday allowed 15 major banks, including State Bank of India, HDFC Bank, and ICICI Bank, to import gold and silver from April 1, 2026, to March 31, 2029. The Union Bank of India and Sberbank have been authorised to import only gold during this period.The notification has been issued by the Directorate General of Foreign Trade (DGFT).The move is part of the government’s ongoing effort to streamline bullion imports and ensure they are routed thr…
New Delhi, April 3 (IANS) The Central Bureau of Investigation (CBI) on Friday arrested a proclaimed offender and businessman from Rajouri Garden in west Delhi in connection with a Rs 41 lakh fraud involving a Noida-based bank in 2008, an official said.After the arrest, Davinder Pal Singh was presented before a Delhi court, which sent him to judicial custody, the CBI said in a statement.The CBI registered the case against him on December 14, 2010, for alleged criminal conspiracy with other accuse…
New Delhi, March 20 (IANS) Reliance Group chairman Anil Ambani was interrogated by the CBI here for seven hours on Friday for the second day in a row in connection with the alleged Rs 2,929.05 crore SBI fraud case. The CBI had registered an FIR on August 21, 2025, following a complaint filed by SBI over allegations of fraud to the tune of Rs 2,929.05 crore on the public sector bank, in which Reliance Communications Limited, Anil D. Ambani and others, including unknown public servants, are accuse…