Tag
Union Bank of India
5 articles
Union Bank of India faces a series of procedural and regulatory developments that, while not immediately material to financial performance, highlight ongoing operational and legal complexities. The bank disclosed a minor penalty of ₹3.08 lakh from the Reserve Bank of India related to regulatory compliance, alongside the withdrawal of a special leave petition against Rose Solvent Pvt Ltd. Concurrently, the Supreme Court issued a notice in a case involving NBCC (I) Ltd and Union Bank, setting a procedural timeline without substantive decision. Furthermore, two appeals before NCLAT were dismissed as infructuous. These events, coupled with a qualified auditor's report regarding PBA Infrastructure's significant lender defaults, underscore the need for continued vigilance regarding legal and credit risks within the Indian banking sector.
Union Bank Debt Investor Roadshow on August 21
Union Bank of India schedules a Debt Investor Roadshow on August 21, 2026, at its Mumbai Central Office.
The virtual meeting will refer to publicly available documents with no unpublished price sensit
Union Bank RBI Penalty of ₹3.08 Lakh
Union Bank of India discloses an RBI penalty of ₹3,08,795 for regulatory non-compliance.
The penalty was imposed for detection of counterfeit/mutilated notes and currency shortage during inspection.
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NBCC vs Union Bank Notice Issued
Supreme Court heard Civil Appeal No. 9979/2026 between NBCC (I) Ltd and Union Bank of India on 17 Aug 2026.
The bench comprising Chief Justice and Justices Joymalya Bagchi and V. Mohana issued an orde
Union Bank of India NCLAT Appeals Dismissed as Infructuous
Union Bank of India's two appeals before NCLAT were dismissed as infructuous based on appellant counsel's statement.
The appellant's counsel stated the appeals had become infructuous, which was not op
PBA Infrastructure Q1 FY27 Net Loss ₹1.18 Crore
Board approved unaudited Q1 FY27 results reporting a net loss of ₹1.18 crore and year-to-date loss of ₹5,753 crore.
Statutory auditors issued a qualified review report highlighting material uncertaint