Union Bank of India has announced its financial results for the second quarter of the fiscal year 2025, revealing a substantial year-on-year (YoY) growth of 34.43% in net profit. The results highlight the bank’s strong performance across various sectors, with non-interest income also witnessing a significant increase of 44.19% compared to the same period last […]
Muthoot Microfin Limited (NSE: MUTHOOTMF, BSE: 544055), a forefront microfinance institution in India, has successfully announced the closure of a significant financial deal, securing a syndicated social term loan of USD 75 million in the form of an External Commercial Borrowing (ECB). This financial endeavor saw the participation of a consortium of banks including Standard […]
Dynacons announced its major win – a Rs. 214 Crores order from Union Bank of India for the expansion of the bank’s On-Premises Private Cloud. This landmark project signifies a strategic enhancement in the bank’s IT infrastructure, deploying cutting-edge Hyper-Converged Infrastructure (HCI) and Software Solution aimed at boosting efficiency and security. Union Bank of India, […]
Union Bank of India today announced its financial results for the quarter ending December 31, 2023, showcasing a formidable performance. The bank’s net profit witnessed a significant 60% year-on-year increase during Q3FY24, bolstered by a 6.26% growth in net interest income. This surge in profitability is a clear indicator of the bank’s robust financial management […]
In a landmark development, Intellect Global Transaction Banking (iGTB), a division of Intellect Design Arena Ltd, has announced the successful implementation of its advanced Cash Management System at Union Bank of India (UBI). This significant move marks the bank’s transition towards enhanced end-to-end transaction completion and stability. A Milestone in Digital Transaction Management The deployment […]
Union Bank of India’s financial results for the quarter ended September 30, 2023, illustrate a robust performance. The Board of Directors announced a staggering 90% year-on-year (YoY) increase in net profit for Q2FY24. This period also witnessed a notable rise in net interest income, growing by 9.89% on a YoY basis. Key Growth Metrics and […]
Indian Renewable Energy Development Agency Ltd. (IREDA) has entered into Memorandums of Understanding (MoUs) with Union Bank of India (UBI) and Bank of Baroda (BoB) on September 5, 2023. These partnerships aim to facilitate co-lending and loan syndication for a broad array of renewable energy projects. The MoUs intend to enhance renewable energy financing and […]
Union Bank of India’s Board of Directors has released the financial report for the quarter ending June 30, 2023, which shows promising growth across all key sectors. The bank’s net profit saw an impressive increase of 107.67% year-over-year (YoY), while the net interest income also rose by 16.59% on a YoY basis. Union Bank of […]
Dynacons Systems & Solutions has announced a significant achievement as it receives a hefty order worth INR 79.47 crores from Union Bank of India. The order, involving the supply, installation, configuration, implementation, and maintenance of a Hyper-Converged Infrastructure and Software Solution, is intended for the expansion of the bank’s On-Premises Private Cloud. Union Bank of […]
Tata Power Solar Systems Limited (TPSSL), a fully-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has forged a partnership with Union Bank of India (UBI), to help the micro, small and medium enterprises (MSME) sector shift to solar solutions. The goal of the partnership is to enhance access to green energy and reduce the […]