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Union Bank of India

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Finance

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Public sector banks have identified a total of 22 large bad loan accounts worth Rs 89,000 crore (...

Grapevine: Microsoft may invest in Paytm; Union Bank may pare stake in insurance JV

General

Grapevine: Microsoft may invest in Paytm; Union Bank may pare stake in insurance JV

Digital payments firm Paytm is in talks with US technology giant Microsoft to raise $100 million (...

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VCCircle LP summit: Here's what investors want fund managers to do

Finance

VCCircle LP summit: Here's what investors want fund managers to do

General Partners should engage more with their investors and diversify their product offerings if ...

Equifax to buy out SBI, other partners in India joint venture

Finance

Equifax to buy out SBI, other partners in India joint venture

State Bank of India and five other lenders are selling their stake in Equifax Credit Information ...

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We have backed about 20 PE-VC funds, experience has been mixed: Union Bank GM

Finance

We have backed about 20 PE-VC funds, experience has been mixed: Union Bank GM

Union Bank of India expects its PE-VC pool to bump up two times as the limited partner becomes the ...

Slowing Indian bank lending overshadows economic rebound hopes

Economy

Slowing Indian bank lending overshadows economic rebound hopes

Credit growth at Indian banks has dropped to its lowest level in nearly two years, the latest ...

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State Bank of India looks to exit financial services company

Finance

State Bank of India looks to exit financial services company

State Bank of India (SBI), the country's largest lender, has started a process to exit its six-...

Govt unveils big-bang plan to merge state-run banks

Finance

Govt unveils big-bang plan to merge state-run banks

The government will merge 10 state-run banks into four as part of a big consolidation drive to clean...

Now, a lenders' takeover of DHFL just short of two regulatory nods

Finance

Now, a lenders' takeover of DHFL just short of two regulatory nods

All banks have consented to converting financially-troubled Dewan Housing Finance Corp. Ltd (DHFL...

Sensex drops 1% as state-run banks, drugmakers slump

Markets

Sensex drops 1% as state-run banks, drugmakers slump

Indian shares closed weaker for a ninth straight session on Monday, dragged by financial and ...