Latest News on Union Bank of India
An investigation into the alleged Union Bank fraud case, involving Anmol Ambani, is currently underway by the Central Bureau of Investigation (CBI)
The Central Bureau of Investigation (CBI) has filed a fraud case against Jai Anmol Ambani, the elder son of Anil Ambani and chairman of the Reliance Group, for allegedly defrauding Union Bank of India of ₹228.06 crore. The case claims that companies linked to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) obtained general-purpose corporate loans from the bank, but instead of using the funds as specified, they were diverted elsewhere, violating loan conditions. Jai Anmol, who was serving as Executive Director of Reliance Home Finance at the time, is accused of providing misleading information to the bank and breaching loan terms, along with other directors.
This is the first time Jai Anmol has been named as a direct accused in a significant criminal investigation. The CBI has filed a case against RHFL, RCFL, Jai Anmol, and other unidentified individuals under various sections of the Indian Penal Code (IPC) and the Prevention of Corruption Act. The complaint was filed directly by Union Bank.
The Anil Ambani-led ADA Group is already facing several fraud-related allegations involving multiple banks, including SBI, Yes Bank, and Punjab National Bank. In June 2025, SBI classified Reliance Communications (RCOM) and Anil Ambani as “fraud” accounts, citing loan defaults exceeding ₹40,000 crore. The Securities and Exchange Board of India (SEBI) has also barred Anil Ambani and 24 others from the securities market for five years, alleging diversion of over ₹5,000 crore from RHFL under the guise of loans.
The Enforcement Directorate (ED) has attached assets worth ₹10,117 crore related to the Reliance Group, including properties worth ₹1,120 crore belonging to companies associated with Anil Ambani, as part of an ongoing money-laundering probe. The ED has also summoned Anil Ambani in connection with a separate investigation into an alleged ₹17,000 crore loan fraud. Multiple cases are pending against Anil Ambani’s companies, including Reliance Communications, which has already gone bankrupt, and Reliance Capital and Reliance Infrastructure, which are undergoing insolvency proceedings in the National Company Law Tribunal (NCLT).
India’s First Integrated Financial City to be Amaravati, Announces Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman has announced that Amaravati, the capital city of Andhra Pradesh, will become India’s first integrated Financial City. This initiative aims to bring all major financial institutions together in one location, providing a unique opportunity for banks to design and construct top-class facilities from scratch. Sitharaman, along with Chief Minister Chandrababu Naidu, laid the foundation for the construction of nationalized banks and financial institutions in Amaravati.
Several institutions, including State Bank of India, Union Bank of India, and LIC, have begun construction activities. This financial hub is expected to generate direct employment for over 6,500 people and boost future investments and economic activity across the state. Naidu urged the banking leadership to complete the projects in record time and contribute to the growth of Amaravati and Andhra Pradesh.
Sitharaman emphasized that building a new capital city is an extraordinary task, and Prime Minister Narendra Modi has extended complete support to resume the construction of Amaravati. She appreciated the vision of bringing all financial institutions together in the newly planned Financial District, which will provide strong economic backing to the city.
The minister also stressed the importance of ensuring that farmers have access to credit and other financial services. She urged banks to extend wider economic benefits to the farming community, beyond just offering Kisan Credit Card loans. Sitharaman highlighted the need for banks to adopt futuristic thinking and integrated ideas, such as promoting industries like packaging and cold-chain infrastructure, to support horticulture farmers in the region.
The Centre is also establishing training hubs in districts for Quantum Valley and AI-related projects, which will help boost the economy and create new opportunities. Overall, the development of Amaravati as a Financial City is expected to have a significant impact on the state’s economy and provide new opportunities for growth and development. With the support of the Centre and the state government, Amaravati is poised to become a major financial hub in the country.
Delhi High Court Revives Union Bank’s Debt Recovery Case, Slaps Rs 25,000 Fine for ‘Inordinate Delay’ Despite Bank’s Lackluster Pursuit
The Delhi High Court recently expressed disappointment with the Union Bank of India’s handling of a loan recovery suit, which had been dismissed due to the bank’s lack of effort in pursuing the case. The court criticized the bank’s “lethargic” approach, citing multiple adjournments and the failure of the bank’s law officer or manager to appear in court or keep track of the proceedings. Despite this, the court decided to restore the suit, taking into account the fact that public money was involved.
The case began when the Union Bank of India filed a suit against M/S Shabd Enterprises and another party to recover a loan. However, the trial court dismissed the suit due to the bank’s failure to serve summons on the defendants and its repeated absence from court. The bank appealed this decision, which was heard by Justice Girish Kathpalia.
Justice Kathpalia observed that the trial court’s decision to dismiss the suit was justified, given the bank’s negligence and lack of effort in pursuing the case. The court noted that there was no explanation for the bank’s inaction and that the concerned officer or manager had not appeared in court or kept track of the proceedings.
Despite this, the court decided to allow the bank’s appeal and restore the suit, but with certain conditions. The bank was ordered to pay a cost of Rs. 25,000, which would initially be deposited by the bank and then recovered from the salary of the erring officer. The court also directed the bank to conduct a detailed inquiry to fix responsibility and determine whether the negligence was a deliberate attempt to help the other side.
The court’s decision highlights the importance of accountability and diligence in the handling of public money. The judge’s remarks emphasize that the ultimate sufferer in such cases would be the exchequer, and therefore, the court must ensure that public money is protected. The case serves as a reminder to banks and other institutions to take a more proactive and responsible approach in pursuing legal cases, particularly those involving public money.
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Union Bank of India Issues Notice to Kallam Textiles for Asset Sale Under SARFAESI Act, as Reported by scanx.trade
Kallam Textiles, a prominent player in the textile industry, has been served with an asset sale notice by the Union Bank of India under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act. This notice is a significant development in the ongoing saga of the company’s financial struggles.
The SARFAESI Act is a Indian law that allows banks and financial institutions to recover debts from defaulting borrowers by taking possession of their secured assets. In this case, the Union Bank of India has invoked the provisions of the Act to recover its dues from Kallam Textiles. The bank has reportedly issued a notice to the company, stating its intention to sell off its assets to recover the outstanding debt.
The asset sale notice is a clear indication of the serious financial difficulties faced by Kallam Textiles. The company has been struggling to stay afloat due to various factors, including intense competition, high production costs, and declining demand. Despite efforts to revamp its operations and reduce costs, the company has been unable to recover from its financial woes.
The implications of the asset sale notice are far-reaching. If the Union Bank of India proceeds with the sale of Kallam Textiles’ assets, it could lead to a significant disruption in the company’s operations. The sale of assets could also result in job losses, as the company may be forced to downsize its workforce or even shut down its operations altogether.
The SARFAESI Act provides a framework for banks to recover debts from defaulting borrowers, but it also raises concerns about the impact on the affected companies and their stakeholders. In this case, the asset sale notice served on Kallam Textiles has significant implications for the company’s employees, suppliers, and customers.
It is worth noting that Kallam Textiles has the option to challenge the asset sale notice in court, but the company’s financial position and the provisions of the SARFAESI Act make it a daunting task. The company may try to negotiate with the Union Bank of India to extend the repayment period or restructure its debt, but the outcome is uncertain.
In conclusion, the asset sale notice served on Kallam Textiles by the Union Bank of India under the SARFAESI Act is a significant development that highlights the company’s financial struggles. The implications of the notice are far-reaching, and the company’s future is uncertain. As the situation unfolds, it remains to be seen how Kallam Textiles will respond to the notice and what the ultimate outcome will be.
PNB reports 10.7% increase in domestic loans and 10.4% growth in deposits, according to the latest Banking and Finance News.
Punjab National Bank (PNB) has reported a 10.7% year-on-year increase in domestic advances, reaching Rs 11.19 lakh crore as of September 30. Domestic deposits also rose by 10.4% to Rs 15.63 lakh crore. On a sequential basis, the bank’s credit growth outpaced its deposit growth. Globally, PNB’s advances grew 10.3% and deposits increased by 10.9% year-on-year.
In comparison, Union Bank of India’s domestic advances grew by a modest 0.43% quarter-on-quarter, while deposits fell by 0.44% during the same period. However, on a year-on-year basis, the bank’s domestic advances rose 5.34% to Rs 9.42 lakh crore, and domestic deposits increased by 1.89% to Rs 12.34 lakh crore. Notably, Union Bank’s domestic retail term deposits grew 14.10% year-on-year, and domestic retail advances surged by 23.96%.
Private lenders, such as YES Bank, maintained their momentum, with loans and advances rising 6.5% year-on-year to Rs 2.50 lakh crore, and deposits increasing by 7.1% to Rs 2.97 lakh crore. The bank’s CASA ratio improved to 33.8% from 32.8% in the previous quarter.
Tamilnad Mercantile Bank reported a 10.5% year-on-year growth in total advances, reaching Rs 46,996 crore, while deposits rose 12.32% to Rs 55,421 crore. The bank’s CASA deposits grew 9.30% year-on-year to Rs 15,163 crore. Overall, the banking sector has shown mixed results, with some public sector banks, such as PNB, leading the way in terms of credit growth, while private lenders continue to maintain their momentum. Union Bank’s focus on retail lending has yielded positive results, with significant growth in retail advances and deposits.
Asheesh to head Union Bank, Kalyan Kumar to lead Central Bank of India as government announces new MD appointments
The Indian government has appointed Asheesh Pandey as the Managing Director (MD) of Union Bank of India and Kalyan Kumar as the MD of Central Bank of India. These appointments were made to fill the vacancies at the top positions of these public sector banks. The appointments were approved by the Appointments Committee of the Cabinet (ACC) and are effective for a period of three years.
Asheesh Pandey, who was previously the Executive Director of Punjab National Bank, will take over as the MD of Union Bank of India. He has over 30 years of experience in the banking sector and has worked in various roles, including as a branch manager, regional manager, and head of credit. Pandey is expected to lead Union Bank of India’s efforts to improve its financial performance, expand its customer base, and enhance its digital banking services.
Kalyan Kumar, who was previously the Executive Director of State Bank of India, will take over as the MD of Central Bank of India. He has over 25 years of experience in the banking sector and has worked in various roles, including as a branch manager, regional manager, and head of retail banking. Kumar is expected to lead Central Bank of India’s efforts to improve its asset quality, increase its lending to priority sectors, and strengthen its risk management systems.
The appointments of Pandey and Kumar are part of the government’s efforts to revitalize the public sector banking sector, which has been facing challenges such as high non-performing assets (NPAs), low credit growth, and intense competition from private sector banks. The government has been taking steps to strengthen the governance and management of public sector banks, including the appointment of new MDs and CEOs, to improve their financial performance and enhance their competitiveness.
The appointments of Pandey and Kumar are also expected to bring in fresh perspectives and ideas to Union Bank of India and Central Bank of India, respectively. Both banks have been facing challenges in recent years, including high NPAs and low credit growth, and the new MDs are expected to play a key role in turning around their fortunes. Overall, the appointments of Pandey and Kumar are significant developments in the Indian banking sector and are expected to have a positive impact on the performance of Union Bank of India and Central Bank of India.
Asheesh Pandey and Kalyan Kumar have been appointed by the government as the new Managing Director of Union Bank and the head of Central Bank of India, respectively.
The Indian government has made two key appointments in the banking sector, naming Asheesh Pandey as the Managing Director (MD) and CEO of Union Bank of India, and Kalyan Kumar as the head of Central Bank of India. These appointments were approved by the Appointments Committee of the Cabinet, which is headed by the Prime Minister, for an initial period of three years.
Asheesh Pandey, currently the Executive Director of Bank of Maharashtra, will take over as MD and CEO of Union Bank of India, effective from the date of his assumption of charge. Kalyan Kumar, who is the Executive Director of Punjab National Bank (PNB), will succeed M V Rao as MD and CEO of Central Bank of India after Rao’s superannuation in July.
The Financial Services Institutions Bureau (FSIB) had recommended Pandey and Kumar for these positions on May 30. The FSIB is headed by former Department of Personnel and Training Secretary Bhanu Pratap Sharma, and its other members include Animesh Chauhan, former chairman and MD of Oriental Bank of Commerce, Deepak Singhal, former executive director of the Reserve Bank, and Shailendra Bhandari, former MD of ING Vysya Bank.
These appointments are significant, as they come at a time when the Indian banking sector is undergoing significant changes and reforms. The government has been working to strengthen the banking sector, and these appointments are seen as a key part of this effort. The appointments of Pandey and Kumar are expected to bring in fresh perspective and leadership to Union Bank of India and Central Bank of India, respectively.
The appointments are also seen as a reflection of the government’s commitment to appointing experienced and talented professionals to key positions in the banking sector. Both Pandey and Kumar have significant experience in the banking sector, and their appointments are expected to be beneficial for the banks and the sector as a whole. Overall, these appointments are an important development in the Indian banking sector, and are expected to have a positive impact on the sector’s growth and development.
The Reserve Bank of India has levied a fine of 102,950 rupees on Union Bank of India.
Union Bank of India Limited is a banking company based in India, offering a wide range of products and services to its customers. The company operates through three main segments: Treasury Operations, Corporate and Wholesale Banking, and Other Banking Operations.
In terms of products, the company categorizes them into personal, corporate loans, and international services. For personal banking, the company offers various products such as accounts and deposits, loans, wealth management, financial schemes, and lockers/other services. The loans offered include retail, micro, small and medium enterprises (MSME) loans.
The company’s corporate loans cater to the needs of businesses and include trade finance, working capital, line of credit, project financing, and channel finance. These services are designed to support businesses in their growth and development.
Union Bank of India also offers international services, including non-resident Indian (NRI) services, internet banking, international debit/credit cards, home loans, special deposit schemes, and an online donation facility. These services are designed to cater to the needs of NRIs and individuals who require international banking services.
In addition to its traditional banking services, the company also offers digital services to make banking more convenient and accessible. These digital services include app banking, internet banking, automated teller machine (ATM) banking, self-service banking, and immediate payment service (IMPS). The company also provides foreign currency loans to its customers.
Overall, Union Bank of India Limited aims to provide a comprehensive range of banking products and services to its customers, both in India and internationally. With its wide range of services, the company seeks to meet the diverse needs of its customers, from personal banking to corporate banking and international services. The company’s digital services are also designed to make banking more convenient and accessible, reflecting the company’s commitment to innovation and customer satisfaction.
Union Bank of India donates Rs 2 crore to support Punjab Chief Minister’s Chardikala Mission
The state of Punjab has received an outpouring of support from philanthropists in response to the Chardikala Mission, an initiative launched by Chief Minister Bhagwant Singh Mann to aid flood victims. Within 24 hours, over 1,000 philanthropists came forward to contribute to the cause. One notable contribution was made by the Union Bank of India, which donated ₹2 crore towards the mission. The Chief Minister expressed his gratitude to the bank’s management for their generous gesture.
The Chardikala Mission is a global fundraising campaign aimed at raising funds for the state government’s rehabilitation initiatives for the 2025 Punjab flood victims. The recent floods in Punjab were a devastating natural catastrophe that swept away millions of dreams, leaving a lasting impact on the state. However, the Chief Minister remains optimistic, emphasizing that Punjab has always emerged stronger from every crisis.
The name “Chardikala” signifies the eternal Sikh spirit of strength and optimism in the face of adversity. The mission is a call to action for all Punjabis around the world to unite as one family during this time of unprecedented hardship. The Chief Minister hopes that more Punjabis will continue to contribute generously towards rebuilding the Punjab of their dreams.
Assuring transparency and accountability, the Chief Minister stated that every penny collected will be spent judiciously for the welfare and rehabilitation of flood victims. The overwhelming response to the Chardikala Mission is a testament to the generosity and solidarity of the people of Punjab and beyond. With the support of philanthropists and organizations like the Union Bank of India, the state is one step closer to recovering from the devastating floods and rebuilding a stronger, more resilient Punjab.
As of September 23, 2025, the Chardikala Mission continues to gain momentum, with more contributions pouring in from around the world. The Chief Minister’s appeal to the global Punjabi community has struck a chord, inspiring people to come together and make a difference in the lives of those affected by the floods. The mission serves as a shining example of the power of community and the impact that can be made when people come together to support a common cause.
The Union Bank of India donates Rs 2 crore to support Punjab’s ‘Chardi Kala Mission’ and aid in flood relief efforts.
The Chief Minister of Punjab, Bhagwant Mann, has launched a fundraising campaign called the “Chardi Kala Mission” to rehabilitate those affected by the recent floods in the state. The mission is a global effort to raise funds for the state government’s rehabilitation initiatives for the flood victims. In response to the campaign, the Union Bank of India has contributed Rs 2 crore to support the mission.
Mann expressed his gratitude to the bank’s management and stated that over 1,000 philanthropists have already come forward to support the mission. He emphasized that the floods that recently hit the state were a natural disaster of epic proportions, causing widespread devastation and sweeping away the dreams of millions of people. However, he also noted that Punjab has always emerged stronger from every crisis and that this is the state’s greatest test.
The “Chardi Kala” mission is inspired by the eternal Sikh spirit of strength and optimism in the face of adversity. The term “Chardi Kala” means “ever-rising spirit” and signifies the resilience and determination of the people of Punjab. Mann called on all Punjabis around the world to unite as one family and contribute generously to rebuild the Punjab of their dreams.
The Chief Minister assured transparency and accountability in the use of the funds collected, stating that every penny will be spent judiciously for the welfare and rehabilitation of flood victims. He expressed hope that more people will come forward to support the mission and contribute to the rebuilding efforts.
The contribution by the Union Bank of India is a significant boost to the mission, and Mann thanked the bank for its support. The bank’s contribution of Rs 2 crore will go a long way in supporting the rehabilitation efforts and helping those affected by the floods to rebuild their lives. With the support of individuals and organizations like the Union Bank of India, the “Chardi Kala Mission” aims to make a significant impact in the lives of those affected by the floods and help Punjab recover from the devastating disaster.
Union Bank to Conduct Wealth Manager SO Exam for 250 Posts on September 28, 2025
The Union Bank of India has announced the recruitment of Wealth Manager Specialist Officers (SO), with 250 posts available. As part of the selection process, the bank will be conducting a written examination. In preparation for the exam, the bank has released the admit cards for eligible candidates. These admit cards can be downloaded from the official website of the Union Bank of India, which is unionbankofindia.co.in.
To access and download their admit cards, candidates will need to provide their application number and birth date. In addition to the admit card, the exam city intimation slip is also available for download. This slip will provide candidates with information about the location of their exam center.
Candidates who have applied for the Wealth Manager SO recruitment are advised to check the official website of the Union Bank of India for more details about the selection process. The website will provide updates on the exam schedule, syllabus, and other important information. It is essential for candidates to stay informed and up-to-date on the latest developments to ensure they are well-prepared for the exam.
The release of the admit cards marks an important milestone in the recruitment process, and candidates should take this opportunity to review their exam details and make necessary preparations. The written exam will be a critical component of the selection process, and candidates who perform well will move on to the next stage of the recruitment process.
The Union Bank of India’s Wealth Manager SO recruitment offers a exciting opportunity for individuals to join the banking sector and work in a challenging and rewarding role. With 250 posts available, this recruitment drive has the potential to attract a large number of candidates. As the selection process moves forward, candidates who have applied for the recruitment will be eagerly awaiting the results of the written exam and the next stages of the selection process.
IBPS PO Prelims Result 2025 Expected to Release Shortly on ibps.in; Get Vacancy Details and Latest Updates Here
The Institute of Banking and Personnel Selection (IBPS) is anticipated to announce the results of the Probationary Officer (PO) preliminary exam for 2025 soon. Candidates who took the exam can check their results on the official IBPS website, ibps.in, by logging in with their registration number and date of birth. The IBPS PO recruitment for 2025 aims to fill 5,208 vacancies for the roles of Probationary Officer/Management Trainee across several major Indian banks.
To check their results, candidates can follow these steps: visit the official IBPS website, click on the link for the IBPS PO Prelims Result 2025, enter their login details, and submit. Their result will then be displayed on the screen, and they can download their scorecard and print a copy for their records.
The preliminary PO exams were conducted on August 17, 23, and 24, 2025. Candidates who pass this initial test will be eligible to sit for the Mains exam, which is scheduled for October 12, 2025. The bank-wise vacancy breakdown is not fully available, as some banks, including Indian Bank, UCO Bank, and Union Bank of India, have not reported their vacancy numbers.
The IBPS PO recruitment is a significant opportunity for candidates to join major Indian banks as Probationary Officers/Management Trainees. With 5,208 vacancies available, this recruitment drive is highly competitive, and candidates who have passed the preliminary exam will need to perform well in the Mains exam to secure a position.
It is essential for candidates to keep an eye on the official IBPS website for updates on the result announcement and to follow the instructions carefully to check their results. By doing so, they can determine their qualifying status and proceed to the next stage of the recruitment process if they are successful. The IBPS PO recruitment for 2025 is a crucial step for candidates seeking a career in the banking sector, and the announcement of the preliminary exam results is a significant milestone in this process.
Wholesale inflation in India is expected to rebound into positive territory in August, following a historic low in July, according to a report by the Union Bank of India (UBI).
According to a report by Union Bank of India, wholesale inflation in India is expected to have turned positive in August 2025, rising to 0.45% year-on-year after a contraction of -0.58% in July. The Wholesale Price Index (WPI) bounced back from a recent low in July, driven by gains across food, fuel, and core segments. The shift reflects the fading impact of a high base, with WPI at 1.25% in August 2024 compared to 2.10% in July 2024.
Food inflation, which had been in deflation for the past two months, is expected to return to positive territory in August, reaching a three-month high of 0.21% against -2.14% in July. The rise in food prices was broad-based, with almost all sub-segments witnessing a sequential strengthening. Core inflation also picked up momentum, rising to 1.69% in August from 1.20% in July. Fuel inflation showed some improvement, easing from -3.84% in July to -3.53% in August.
The report notes that external factors, such as global commodity prices and shifting trade scenarios, will continue to influence wholesale inflation trends in the coming months. Domestic factors, including weather-related disruptions and supply chain concerns, could also impact WPI dynamics in the short term. However, upcoming GST reforms are expected to provide relief to wholesale inflation from October, with an estimated 60-basis-point impact on CPI.
The report was published on September 11, 2025, and highlights the volatility of global commodity prices due to uncertainty over shifting trade scenarios, particularly following increased US tariffs and ongoing geopolitical tensions. The Union Bank of India’s report provides insights into the current trends and expected changes in wholesale inflation in India, taking into account both domestic and external factors. Overall, the report suggests that wholesale inflation in India is expected to rise in August 2025, driven by gains across various segments, and that external and domestic factors will continue to play a significant role in shaping inflation trends in the coming months.
India’s trade deficit is expected to have decreased to $26.1 billion in August, a month-over-month reduction, according to a report by the Union Bank of India.
According to a report by Union Bank of India, India’s merchandise trade deficit is expected to have decreased slightly in August 2025, from $27.4 billion in July to $26.1 billion. This modest reduction is largely attributed to a surge in gold demand ahead of the upcoming festive and wedding season, despite higher prices. Gold imports nearly doubled in August, providing a boost to trade activity.
However, commodity prices offered only mild relief, and trade dynamics remained under pressure due to the lack of progress in the India-US trade deal negotiations. The US is a significant trade partner for India, accounting for around 20% of the country’s goods exports. The stalemate in the trade deal has weighed on India’s outbound shipments.
To support domestic industries facing tariff-related challenges, the government has relaxed norms under the Advance Authorization Scheme, allowing duty-free import of raw materials for export production. This move aims to cushion exporters against the impact of the ongoing 50% US tariff.
Looking ahead, the trade deficit is likely to remain elevated in the near term due to strong gold imports during the festive season, steady energy demand, and continued dependence on electronics and capital goods imports. Some relief may come from softening global commodity prices and ongoing efforts at import substitution. However, export growth is expected to remain muted due to weak global demand and tariff headwinds.
The report suggests that any positive development on the India-US trade deal could offer much-needed support to exports. By reducing tariff barriers, such an agreement would aid export recovery to the US, India’s key trade partner. While the near-term impact may be limited, the deal could help strengthen India’s export base over time, partially offsetting pressures on the trade balance in the quarters ahead. Overall, India’s trade deficit is expected to remain a challenge, but a potential breakthrough in the India-US trade deal could provide a much-needed boost to the country’s exports.
UBI marks Anti-Corruption Week with awareness initiatives
The Union Bank of India’s Kadapa Regional Office observed Anti-Corruption Week by organizing various awareness and service programs in the city of Kadapa. The event aimed to promote a corruption-free society, which is essential for the country’s overall development. Regional Manager Lakshmi Tulasi emphasized the importance of honesty and integrity, encouraging everyone to uphold these values.
The activities conducted during the Anti-Corruption Week included pledge-taking ceremonies, where participants vowed to work towards a corruption-free society. Awareness meetings were also held to educate people about the negative impacts of corruption and the benefits of a transparent and honest system. Additionally, social service initiatives were undertaken to promote community development and welfare.
Financial literacy training sessions were conducted to empower individuals with knowledge about personal finance, banking, and financial planning. This initiative aimed to promote financial inclusion and help people make informed decisions about their financial resources. Sports events were also organized to promote teamwork, camaraderie, and a sense of community among the participants.
One of the highlights of the event was a vigilance walkathon, which was attended by a large number of staff members, including Deputy Regional Managers Ranjit Kumar and SK Bhasha, and Vigilance Officer Santosh Kumar. The walkathon aimed to raise awareness about the importance of vigilance and transparency in preventing corruption.
The participation of bank staff in large numbers demonstrated their commitment to the cause of fighting corruption. The Anti-Corruption Week observance by the Union Bank of India’s Kadapa Regional Office served as a reminder of the importance of collective efforts in promoting a corruption-free society. By organizing such events, the bank aimed to inspire individuals to work towards creating a more transparent and honest system, which is essential for the country’s progress and development. Overall, the event was a success, and it helped to promote awareness about the dangers of corruption and the importance of integrity and honesty.