Clues by Admin • 11 May 2018, Friday
Union Bank posted a its third consecutive quarterly net loss of Rs 2,583 crore for the March quarter against the analysts’ estimate of Rs 1,203 crore and a profit of Rs 108.24 crore in the year ago period. The loss incurred on ... Continue Reading
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Clues by Admin • 24 Mar 2018, Saturday
Union Bank of India informed that it had already made 100% provision for the non-performing asset (NPA) of Totem Infrastructure Ltd. Hence, there would be no material impact on its financials. Totem had availed credit facilities from consortium of 8 banks having ... Continue Reading
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Clues by Admin • 23 Mar 2018, Friday
Union Bank of India (UBI) filed a complaint with Central Bureau of Investigation (CBI) against Hyderabad based Totem Infrastructure Ltd. and its promoters in a bank fraud case. The company owes a total of Rs. 1394.43 crores to a consortium of 8 ... Continue Reading
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