Ahmedabad, Feb 7 (IANS) Adani University emerged as a key academic hub for the IETE West Zone Seminar and IETE Students Forum (ISF) Congress 2026, organised on the theme ‘Trends and Innovation in Aerospace Electronics,’ it was announced on Saturday.The multi-location programme, organised by Delhi-headquartered Institution of Electronics and Telecommunication Engineers (IETE), convened leaders from space, defence, banking and academia across Ahmedabad and Gandhinagar.By hosting the inaugural …
Latest Union Bank of India News & Updates
Mumbai, Dec 29 (IANS) Shares of state-owned lender Punjab National Bank on Monday recovered after an earlier fall, after it reported a loan fraud of Rs 2,434 crore last week, allegedly committed by former promoters of SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL).PNB’s shares had fallen as much as 3.1 per cent to Rs 116.6 apiece earlier in the day, but were trading at Rs 120.55, up 0.15 per cent at 11:44 am.The PSU lender reported the loan fraud of Rs 2,434 crore t…
New Delhi, Dec 28 (IANS) The Finance Ministry has directed public sector banks and financial institutions, such as insurance companies, to promptly report vigilance-related matters concerning whole-time Directors on their boards.The directive from the Finance Ministry’s Department of Financial Services (DFS) states that omission of any significant information relevant for decisions relating to appointments, promotions, board-level postings, and placement of whole-time Directors is a matter of …
New Delhi, Dec 27 (IANS) Punjab National Bank (PNB) has declared a Rs 2,434 crore alleged loan fraud by the former promoters of Srei Equipment Finance and Srei Infrastructure Finance.In a late evening exchange filing, the state-run PNB said that “Pursuant to the applicable provisions of SEBI (LODFR) Regulations, 2015 and the Bank’s Policy for determining materiality of events/information required to be reported to the Stock Exchanges, it is hereby informed that the bank has reported borrowal…
Bengaluru, Dec 24 (IANS) The techie, Balamurugan, who allegedly shot dead his wife in full public view, told the police that a divorce notice sent by his wife triggered him to murder her in the Magadi Road area of Bengaluru.The victim, 39-year-old Bhuvaneshwari, an assistant manager with the Union Bank of India, was shot dead by her husband on Tuesday evening.After the incident, the accused surrendered before the Magadi Road police and confessed to the crime, the police said on Wednesday.Balamur…
Bengaluru, Dec 23 (IANS) A 39-year-old woman working as an assistant manager with the Union Bank of India was shot dead allegedly by her husband on Tuesday in the Magadi Road area of Karnataka’s Bengaluru, police said. The accused later surrendered before the Magadi Road police and confessed to the crime.The victim has been identified as Bhuvaneshwari, the wife of Balamurugan.The victim was working at the Union Bank of India’s Basaveshwaranagar branch, and was residing in Bengaluru’s Rajajinagar…
New Delhi, Dec 23 (IANS) Bank of India on Tuesday raised Rs 10,000 crore through the issuance of long-term infrastructure bonds at an interest rate of 7.23 per cent per annum.The fund-raising was carried out through the NSE Electronic Bidding Provider Platform.The base issue size was Rs 5,000 crore, with an additional green shoe option of Rs 5,000 crore.The issue received strong investor interest, with the bank getting 83 bids worth Rs 15,305 crore. Out of these, 37 bids amounting to Rs 10,000 c…
New Delhi, Dec 22 (IANS) The Reserve Bank of India (RBI) may cut the policy repo rate by 25 basis points to 5 per cent in its February monetary policy meeting given the RBI’s dovish guidance, a new report has said.The Union Bank of India (UBI) said in the report that there is scope for a final 25 bps cut either in February or April 2026, also due to central bank’s repeated references to benign inflation and subdued underlying price pressures.If adjusted for around 50 bps inflation contribution…