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Union Bank Personal Loan News - Mar 2021
- 2020-12-03 : Union Bank completes integration of all branches of Corporation Bank
Union Bank of India has completed the IT integration after which all the branches of former Corporation Bank have come fully under its fold as part of the amalgamation exercise. Union Bank offers retail loans like home, personal, car, two-wheeler, gold loan along with business and mudra loans. - 2020-11-10 : Union Bank of India net profit ₹517 cr in Q2
Union Bank of India reported a net profit of Rs 517 crore in the September quarter as against a loss of Rs 994 crore in the same period last year. The net interest income (NII) rose 6.05% to Rs 6,293 crore on the back of retail loans like home, personal, gold, two-wheeler and car loan along with business and mudra loans. Further, the net interest margin (NIM) dipped to 2.51% in Q2FY21 from 2.68% in the year-ago quarter. - 2020-08-24 : Union Bank of India posted Rs. 340.95 crore net profit in Q1FY21
Union Bank of India posted a net profit of Rs.340.95 crores for the period ended June 30, 2020, as against a net loss of Rs.2713.03 crores for the period ended March 31, 2020. Further, the Bank reported total income of Rs.20487.01 crores bolstered by retail loans like home, personal, car, two-wheeler and gold loan along with business and mudra loans. - 2020-02-12 : Union Bank posted a Q3 profit of Rs. 575 Crores
Union Bank reported an increase in Q3 profit to Rs. 575 crores on the back of higher recoveries. Net interest income grew by 23% year-on-year basis at Rs. 3,134 crores against Rs. 2,493 crores in the year-ago period driven by an increase in Home Loan and Personal Loan. - 2019-09-20 : Union Bank of India co-originates with Capital India Finance to grant loans
Union Bank of India signed a Memorandum of association with Capital India Finance Limited to grant retail loans and MSME loans. The collaboration might enable easy accessibility of credit at affordable rates to borrowers. The merger is done, keeping in mind RBI’s instruction to co-originate funds and provide loans.
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