While political differences may take a while to be ironed out, growing business collaborations between India and China are scripting a mutually benefiting story. China has shown keen interest to finance IndiaĂÂŽs infrastructure development
Tag: Union Bank of India
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Union Bank to raise Rs 3K cr to meet Basel-III norms
Mid-sized lender Union Bank of India plans to raise Rs 3,000 crore towards equity to meet Basel-III norms after 2015. Though it may not need any fresh equity until 2015, the bank has given a proposal to the Ministry of Finance for the additional capital and it is currently being studied, Union Bank Chairman and Managing Director D Sarkar said. The government roughly holds 58 per cent in the bank as on June 30, 2013.
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CRISIL assigns rating to Union Bank’s bond issue
The proposed Rs 5 billion Tier-II bond issue of United Bank of India received 'AAĂ„ĆŸÂżĂ€Â«âĂ©ÂźâąĂâ rating from Crisil. This is the first Tier-II capital instrument issued in the Indian market under the Basel III capital regulations. With effect from April 01, 2013, the Reserve Bank of India (RBI) implemented Basel III capital regulations for Indian banks. This is based on the final guidelines issued in May
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JNPT, UBI in pact
Jawaharlal Nehru Port Trust (JNPT) signed an agreement with Union Bank of India (UBI) for the implementation of Port Community System (PCS)
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JNPT, UBI in pact
Jawaharlal Nehru Port Trust (JNPT) signed an agreement with Union Bank of India (UBI) for the implementation of Port Community System (PCS)
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Our infra lending will be cautious this year, based….
A ninety-three-year-old Union Bank of India just got a new head honcho. The genial CMD is a sleeves-rolled-up leader much of whose experience has been in operations, and will lead a lending portfolio of Rs 27,000 crore to infrastructure