Union Bank of India
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 (approximately $12.2 billion) ......
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 (about Rs 760 crore ......
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 they want a deeper commitment, executives ......
Finance
Equifax to buy out SBI, other partners in India joint venture
US-based consumer credit reporting firm Equifax Inc. is buying the stake held by State Bank of India and its other ......
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 fifth-largest ......
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 Reserve Bank of ......
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-year-old investment in a ......
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 up the ......
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)’s debt into equity, and now await greenlight ......
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 pharmaceutical stocks, as concerns over ......