by Team Small News | Jun 18, 2025 | Union Bank of India
A recent report by the Union Bank of India (UBI) has highlighted the significant risk posed by the surge in crude prices to India’s current account deficit (CAD). According to the report, every $10 rise in oil prices widens the CAD by $15 billion. This is a...
by Team Small News | Jun 9, 2025 | Bank of Baroda, Bank of Maharashtra, HDFC Bank, Punjab National Bank, RBI, UCO Bank, Union Bank of India
Following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 50 basis points, several major public sector banks have reduced their lending rates. The move aims to stimulate credit growth and support economic activity amid ongoing challenges. Bank...
by Team Small News | Jun 7, 2025 | RBI, Union Bank of India
The Reserve Bank of India’s (RBI) recent policy actions, as reported by Union Bank of India, suggest that the current interest rate cutting cycle has come to an end. The terminal repo rate is expected to settle at 5.50%, assuming a real interest rate of 150...
by Team Small News | Jun 5, 2025 | RBI, Union Bank of India
India’s retail inflation, measured by the Consumer Price Index (CPI), is expected to moderate to 3.0% in May, a six-year low. This decline is attributed to a decrease in prices of cereals, pulses, and other food items, despite a strengthening of other segments....
by Team Small News | Jun 3, 2025 | Union Bank of India
A fire broke out at the Union Bank of India branch located on Car Street in Mangaluru due to a short circuit. The incident occurred in the early hours of the morning, and prompt action by the authorities helped prevent any major damage. According to eyewitnesses, the...
by Team Small News | May 29, 2025 | Union Bank of India
In a significant judgment, the Supreme Court of India has quashed the disciplinary action taken against an employee of the Union Bank of India, A.M. Kulshrestha, on the grounds that the charge sheet issued against him was arbitrary and violative of the principles of...