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The Latest Breaking News from Union Bank of India

Lagging on FCNR(B) deposit collections, banks pin hopes on September-end rush

Banks anticipate a surge in FCNR-B deposits before the September deadline. Initial inflows have been below expectations, but partnerships are being forged. Demand from non-resident Indians remains strong, especially from the Middle East. Lenders are intensifying outreach efforts to attract more overseas funds. Mobilisation is expected to accelerate closer to…

The Economic Times

Union Bank Q1 Results: Profit rises over 27% to Rs 5,641 crore

Union Bank of India achieved a remarkable 27.5% surge in its net profit for the June quarter. The bank experienced a subtle rise in net interest income, alongside a slight enhancement in margins. Additionally, the bank attracted deposits from overseas locations like Australia and the UAE through a specialized RBI…

The Economic Times

Insurance distribution boosts fee income at most public sector banks in FY26

Public sector banks earned higher insurance commissions in FY26, with most lenders reporting growth. Mutual fund distribution income showed mixed performance across various banks. State Bank of India led insurance commissions, with significant contributions from its subsidiary. Canara Bank and Bank of Baroda also reported insurance commission increases. However, Punjab…

The Economic Times

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Union Bank of India shares drop 5% post Q1 business update, global business decline marginally on quarterly basis

Union Bank of India's stock dipped 5% following its June 2026 quarter business update. While global business saw a modest yearly growth of 7.46%, it experienced a slight quarterly decline. Gross advances grew robustly year-over-year by 12.50%, though deposit growth was slower. The bank also announced senior management changes, contributing…

The Economic Times

5-year Senior citizen FD interest rates up to 8.05%: SBI vs PNB vs HDFC Bank vs other banks

Senior citizens seeking secure investments are finding attractive options in fixed deposits, especially for 5-year tenures. Small finance banks are leading the pack, with Suryoday SFB and Jana Small Finance Bank offering a compelling 8.05% interest rate for senior citizens. This competitive landscape ensures older investors can secure stable, higher…

The Economic Times

Highest 555-day FD interest rates: Banks are offering up to 7.25% interest rate on special fixed deposit

FD interest rates: Special fixed deposits with a 555-day tenure are drawing investor attention. Banks like City Union Bank and Karnataka Bank are offering competitive interest rates. Bank of Baroda has also introduced a new 555-day deposit scheme with attractive rates for all customer categories. Investors can explore these options…

The Economic Times

India inflation likely rose to 4% in May as food, fuel costs climb

India's inflation likely climbed to the Reserve Bank of India's 4% target in May, driven by rising vegetable prices and increased fuel costs. This trend marks a shift from the previous 15 months of below-target inflation, with economists anticipating further upward pressure due to elevated wholesale prices and potential monsoon…

The Economic Times

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FD interest rate up to 8.05%: 4 banks that revised FD interest rates in June 2026

Fixed deposit investors are watching interest rates closely. Several banks have revised their FD rates in June 2026. Savers can lock in attractive returns with some banks offering up to 8% interest to senior citizens on select tenures.

The Economic Times

10 lowest floating vs fixed home loan interest rates: PNB, ICICI Bank, Bank of Baroda and more

Home loan interest rates: Choosing a home loan involves comparing floating and fixed interest rates. Floating rates can decrease but also increase with RBI policy. Fixed rates offer stable EMIs, which can be beneficial as income grows. ET Wealth Online presents the 10 lowest fixed and floating home loan rates…

The Economic Times

Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide…

The Economic Times

Lucknow: Police arrest cyber gang that cheated AKT University of Rs 120 crore

Uttar Pradesh's Lucknow police has busted a cyber gang that cheated Rs 120 crore from Dr. A. P. J. Abdul Kalam Technical University's (AKTU) account by creating fake mail IDs on behalf of AKTU and opening bank account in Union Bank of India. Read further on Dynamite News:

Dynamite News

Alathiyur Hanuman Temple introduces digital offering

Sree Alathiyur Hanuman Temple in Malappuram goes digital with Union Bank of India, offering QR code payments for devotees.

The Hindu

ED attaches assets worth of over Rs 4 crore in Delhi in bank fraud case

The Directorate of Enforcement (ED) has attached assets worth of over Rs 4 crore in connection with alleged bank fraud causing loss of Rs 53 crore to Union Bank of India involving Ginni Gold Pvt Ltd. Read further on Dynamite News:

Dynamite News

209 job aspirants in A.P. receive appointment orders in Rozgar Mela

209 people in Vijayawada receive appointment orders in Rozgar Mela. 161 of them join Indian Railways in various roles. Other departments and banks also recruit. PM Modi says Rozgar Melas have provided jobs to lakhs of youth. Exams now conducted in 13 regional languages, reducing time between job notification and…

The Hindu

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The Hindu

Judge says mediation is the best way to resolve issues between farmers and banks

At Hubballi Taluk Legal Services Committee's Pre Litigation Mediation programme, Principal Senior Civil Judge Chinnannavar R.S. said mediation is best platform to resolve issues between farmers & bankers. He urged litigant public to use mediation to resolve disputes & Mega Lok Adalat on Sat. Union Bank of India & State…

The Hindu

The Hindu Living Spaces exhibition will offer homebuyers a wide range of property options

The Hindu Living Spaces expo offers a one-stop platform for buyers to explore and evaluate their investment options. Over 250 projects from 55 stalls will be showcased, with luxury apartments, commercial spaces and more. Register now for the event on Sept 9-10 at Chennai Trade Centre.

The Hindu

Wildlife rescue vehicle gifted to Forest Department

Union Bank of India, Secretariat Branch, has sponsored a wild animal rescue vehicle for the Telangana Forest Department under their corporate social responsibility initiative

The Hindu

Union Bank conducts awareness meet in Guntur

The Union Bank of India’s regional office conducted a meet with the customers of SB Muskaan Scheme in the city on Saturday

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The Hindu

DHFL case: Delhi court dismisses statutory bail plea of Wadhawan brothers

The two accused, Kapil Wadhawan and his brother Dheeraj Wadhawan, were arrested in the present FIR on July 19

Dynamite News

DHFL Case: Special Court Dismisses Statutory Bail Plea Of Wadhawan Brothers

The Rouse Avenue Court has dismissed the statutory bail plea of former Dewan Housing Finance Corporation Limited (DHFL) promoters, Kapil Wadhawan and his brother Dheeraj, arrested by the Central Bureau of Investigation (CBI) in connection with the multi-crore bank loan scam case. Read more on Dynamite News:

Dynamite News

Bank fraud: ED attaches assets of Rajkot company

The Enforcement Directorate on Saturday said it has attached the factory plant, machinery, land and plots of a Rajkot-based company as part of a money laundering investigation against it for alleged bank loan fraud to the tune of Rs 44 crore. Read more on Dynamite News:

The Hindu

Union Bank of India opens ethical hacking lab

Hyderabad

The Hindu

Jameer K.B. wins the Kochi round of The Hindu BusinessLine quiz

KOCHI

The Hindu

Chennai regional round of The Hindu BusinessLine Celebration Quiz held

Finalists will compete against each other in the finals to be held in September

The Hindu

The scam faultline is damaging Indian banking

More steps to prevent frauds are needed which include tightening the internal and external audit systems of banks

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