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The Latest Breaking News from Union Bank of India

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:

Union Bank of India opens ethical hacking lab

Union Bank of India opens ethical hacking lab

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

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

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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 scam faultline is damaging Indian banking

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

Finance Ministry asks banks to explore fintech partnership, co-lending opportunities

The sources said banks were asked to expedite non-performing assets (NPAs) resolution and focus on the recovery of bad loans

CBI books DHFL and its promoters for alleged ₹34,615-crore bank fraud

DHFL, its promoters and others allegedly cheated a consortium of 17 banks to the tune of ₹34,615 crore

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Future Enterprises defaults on Rs 19.16 crore loan repayment

Future Enterprises defaults on Rs 19.16 crore loan repayment

NEW DELHI: Future Enterprises Ltd (FEL) on Tuesday said it has defaulted on payment of Rs 19.16 crore to Punjab National Bank, Canara Bank and Union Bank of India under the one-time restructuring plan.

The Times of India

Explained: What realtor Supertech's bankruptcy means for its home buyers

Explained: What realtor Supertech's bankruptcy means for its home buyers

NEW DELHI: Realtor Supertech, which has undertaken several projects in Noida, Gurugram, Ghaziabad, and Greater Noida, was declared bankrupt on Friday by the National Company Law Tribunal (NCLT) for defaulting on payment of Rs 431 crore to a consortium of banks. The move could have a bearing on 11,000 home…

The Times of India

Supertech Ltd. declared bankrupt; NCLT orders insolvency proceedings in ₹432-crore default case

Supertech Ltd. declared bankrupt; NCLT orders insolvency proceedings in ₹432-crore default case

The default pertains to the loan given by Union Bank of India to Eco Village II project at Greater Noida (West) in Uttar Pradesh

Real estate developer Supertech declared bankrupt by NCLT

Real estate developer Supertech declared bankrupt by NCLT

NEW DELHI: In a set back for homebuyers, real estate firm Supertech Developers was declared bankrupt by the National Company Law Tribunal (NCLT) on Friday. Insolvency proceedings has been initiated against the firm.

The Times of India

Former UBI banker held in FD fraud case

Former UBI banker held in FD fraud case

HYDERABAD: A former chief manager of Union Bank of India (UBI) was on Saturday arrested by the Central Crime Station (CCS) sleuths for allegedly issuing fake fixed deposit (FD) receipts to Telangana State Warehousing Corporation (TSWC).

The Times of India

Fake FDs: former UBI manager forged Telugu Akademi cover letters

Fake FDs: former UBI manager forged Telugu Akademi cover letters

The detective department of Hyderabad police arrested former Union Bank of India chief manager S.K. Mastanvali and 21 others for allegedly fabricating and forging Telugu Akademi’s cover letters for fr

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