Union Bank of India News

Union Bank of India now waives charges for non-maintenance of minimum balance in general savings accounts effective from Quarter ending September 2025.

This week, a total of 93 companies are set to trade ex-dividend, offering investors an opportunity to earn dividend payouts. Major firms like LIC, Hero MotoCorp, and Union Bank of India feature prominently, along with a diverse set of companies across various sectors.  

Several banks come up with special schemes from time to time to attract customers. One of the primary reasons these special schemes are appealing is the higher interest rates they offer to customers.   

Food inflation, a major component of retail inflation, is estimated to have fallen further to 4.66 per cent in February 2025, marking a significant decline.  

In addition to the Q3FY25 GDP data, the government will also release the second advance estimate for the full-year GDP of FY25.

The maturity period of FDs is from 7 days to 10 years. Here's the comparison of different FD rates. The rates mentioned above are as of March 20.

Read on to find out the latest fixed deposit (FDs) rates offers by the public sector banks.

As you know, changes in MCLR and RLLR have a direct impact on the loan rates. As a result, these adjustments alter the Equated Monthly Installments (EMIs) of borrowers.

After hours of suspense and speculations, it was confirmed that the substantial cash sum belonged to the Union Bank of India and was merely in transit from Kerala to Hyderabad.

In all cases, the RBI added that penalties were based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the entities with their respective customers.

The bank's credit in retail, agri, and MSME (RAM) segments increased by 14.94 per cent year-on-year, where 17.19 per cent growth in retail, 14.20 per cent growth in agriculture, and 13.06 per cent growth in MSME.

In the March quarter, it's core net interest income increased 21.88 percent to Rs 8,251 crore on the back of 13 percent growth.

The drone manufacturing startup supported by Anna University has developed an agricultural drone, DH-AG-HI or Agrigator drone which is the only certified petrol engine-based hybrid drone that doesn't require frequent change of batteries. Each such agro drone will cost between Rs 10 to 12 lakh.

Union Bank of India has revised its fixed deposit interest rates with effect from today. The bank now offers a return of 7.3 per cent for the general public while an additional interest rate is payable to senior citizens. The fixed deposit interest rates by the Union Bank of India now start from 3 per cent and go up to 7.3 per cent depending on the tenure.

Union Bank fixed deposits for 599 days will earn an interest of seven per cent. 

Ease 4.0 prize distribution event was presided over by Minister of Finance & Corporate Affairs Nirmala Sitharaman The event was organized by the Indian Banks' Association (IBA) Union Bank of India won three awards in the event

KCC scheme is to give loans to marginalised farmers. RBI started a pilot project to make the KCC process online. The project is started in selected cities of the country now.

CBI has made seized several luxurious items during its searches. The case pertains to an alleged loss to the tune of Rs. 34,615 crore to a consortium of 17 banks led by Union Bank of India.

PNB has announced an increase in fixed deposit interest rates beginning July 4. Union Bank of India offers a fixed deposit interest rate of 5.45 percent. UCO Bank offers an interest rate of 5.30% for tenures of more than one year to less than two years.

The NCLT order will not impact the construction at all ongoing projects or operation of the company. The debt of Supertech Ltd is around Rs 1,200 crore. The debt includes nearly Rs 150 crore loans from Union Bank of India.