Tag
Union Bank of India
7 articles
Union Bank of India is navigating a complex landscape of insolvency proceedings and debt recovery cases, reflecting broader challenges within the Indian corporate sector. Across multiple tribunals, hearings related to cases involving Omkara Vijayalakshmi Strips, GMP Infrastructure, Panduranga Energy Systems, and Apoorva Joshi have been adjourned, often due to procedural matters or the ongoing replacement of Interim Resolution Professionals. While the Madras High Court rejected a petition seeking expedited debt recovery for Safa Global Impex, the bank continues to pursue these resolutions, alongside considering a One-Time Settlement proposal with Idupulapadu Cotton Mills. Investors should monitor the outcomes of these proceedings and their potential impact on Union Bank’s asset quality and future earnings.
Hemant Kanoria Contempt Petition Withdrawn, CPAN 199 Dismissed
Petitioners Hemant Kanoria and others filed contempt applications against Union Bank of India, Bank of India, Bank of Baroda, and SIDBI.
Counsel for petitioners submitted email instructions to withdra
Union Bank Fraud Notice Upheld, Petition Dismissed
Petitioner Monoranjan Roy challenged UBI's Oct 13, 2025 show‑cause notice to label his account as fraud under RBI guidelines.
Court found the petitioner had replied to the notice, did not contest the
Union Bank Q1 Advances Grow 12.5% YoY
Union Bank of India reports provisional Q1 FY2027 business updates with 12.50% YoY growth in Gross Advances.
Domestic CASA deposits increased by 11.72% YoY, improving the CASA ratio to 35.10%.
RAM Adv
Union Bank Female Transfers Stay Set Aside
Madras High Court set aside interim order staying transfers of female officers who had not submitted preferences under the bank's Transfer Policy.
Court dismissed appeal seeking to extend stay to 1,20
Union Bank Elevates GM to Chief GM
Union Bank of India elevates Shri Bhaskara Rao Chaganti Venkata Naga from General Manager to Chief General Manager effective July 1, 2026.
The appointment is disclosed under SEBI Listing Regulations 3
NCLT Disposes EPFO Claim Against Vadera Tradelink
NCLT Jaipur Bench disposes EPFO's application against liquidator as premature, pending claim verification.
Tribunal directs service of notice and reply filing in continuance application, lists matter
Union Bank CGM Arun Kumar Retires on Superannuation
Union Bank of India discloses Chief General Manager Arun Kumar's retirement on superannuation effective June 30, 2026.
The disclosure is made pursuant to SEBI LODR Regulations 30 and 51 regarding chan