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Union Bank Of India IFSC Code Nungambakkam Branch, MICR code, Address

IFSC Code of Union Bank of India NUNGAMBAKKAM, MICR Code of Union Bank of India NUNGAMBAKKAM

Get IFSC Code and MICR code of Union Bank of India, Nungambakkam, Tamil Nadu branch in CHENNAI city along with the address

Bank Union Bank of India
IFSC Code UBIN0541231 (for money transfer by NEFT, RTGS and IMPS)
MICR Code 600026011
Address 37, COLLEGE ROAD, NUNGAMBAKKAM, MADRAS, TAMIL NADU, PIN - 600 006
Branch NUNGAMBAKKAM
City CHENNAI
District Chennai
State Tamil Nadu
Personal Loan
@ 10.99%*
Home Loan
@ 8.35%*
Gold Loan
@ 10.50%*
Business Loan
@ 13.50%*
Loan Against Property
@ 8.50%*
Earn 7%* On
Savings Account
Nungambakkam Ifsc Code
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Union Bank Of India News - Oct 2017
  • 2017-10-13 : UBI reduces interest rate on loans news
    The interest rate for securing loan for micro, small and medium enterprises (MSME), traders, small industrialists and also on housing loans has been reduced down to 8.65% from the earlier 12.5% by Union Bank of India. The bank is concentrating more on the agriculture sector, some specific schemes for rice millers, poultry, dairy and farm mechanisation activities and on retail markets.
  • 2017-09-14 : Union Bank of India to raise capital via QIP
    Union Bank of India is in the process to raise Rs. 2,000 crore via qualified institutional placement and right issue. The raised funds will be used by the bank to meet its overall growth and provision requirements of the bank to foster better loan growth across its loans including personal loans, home loans and car loans segment.
  • 2017-09-06 : Union Bank of India plans to raise Rs. 2,000 crore in October 2017
    In a bid to strengthen its capital base, Union Bank of India is in the process of raising Rs 2,000 crore from the market with some additional infusion of Rs. 1,500 crore from the government. The funds will be raised by the bank on the basis of qualified institutional placement. Meanwhile, the bank also plans to boost its home loan segment.
  • 2017-09-04 : Union Bank of India reduces MCLR by 20 basis points for various tenors
    Union Bank of India has reduced its marginal cost based lending rate (MCLR) by 20 basis points across all tenors. For one year, the new MCLR rate has been revised to 8.20 per cent and for two and three years the rate has been reduced to 8.25 per cent and 8.30 per cent, respectively. While for six month, the lending rate is 8.05 per cent. The new MCLR rates are effective from 1st September, 2017.
  • 2017-09-04 : Union Bank of India taking the app route to recover bad loans
    In a bid to recover most of its non-performing assets (NPAs), Union Bank of India has announced the launch of its new mobile app. With this development, the bank is looking to recover NPAs below Rs. 5 crore with help of this newly launched mobile app. Meanwhile, the bank also plans to boost its loan against property (LAP) segment.
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