Nifty PSU Bank News and Updates

Name: Latest research reports of Union Bank of India authored by Ventura and published by - Trendlyne research reports.
Item: Union Bank of India
Rating: 5
Author: Ventura

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Bank of Maharashtra

14 Apr 2025

50.30

-0.40%

Bank of Maharashtra cuts retail loan rates by 25 bps

Business Line

The bank's repo-linked lending rate (RLLR) has now been reduced from 9.05% to 8.80%.

Bank of Maharashtra has an average target of 68.00 from 1 broker.

Indian Overseas Bank

12 Apr 2025

38.60

-1.10%

Indian Overseas Bank reduce repo linked lending rate by 25 basis points

Business Line

The decision to slash the rates by the apex bank comes amid looming uncertainties after last week's announcement of 27% tariffs on Indian imports to the US by President Trump

Indian Overseas Bank is trading below all available SMAs

Indian Overseas Bank Slashes Repo-Linked Lending Rate To 8.85% After MPC Decision

NDTV Profit | 11 Apr 2025

Bank of India

11 Apr 2025

116.90

-1.62%

Bank of India's cumulative disbursements under PMMY in last 10 years at 71,364 cr

Business Line

Credit facilities to women entrepreneurs under the Pradhan Mantri Mudra Yojana constituted more than 25 per cent of the borrowers

Bank of India is trading above all available SMAs

Punjab & Sind Bank

10 Apr 2025

29.80

-1.55%

Mudra loan provided by Punjab & Sind Bank generates 1 million jobs: MD

Business Standard

Mudra loans provided by Punjab & Sind Bank over the last 10 years have been able to generate 10 lakh jobs at the grassroot level, the bank's managing director Swarup Kumar Saha said. Sharing the journey of Pradhan Mantri Mudra Yojana (PMMY) over the past 10 years, Saha said, the bank has disbursed loans to the tune of Rs 12,820 crore under the scheme, benefiting over 6.84 lakh beneficiaries across the country. "These include small vendors, women entrepreneurs, artisans, and youth, who are now empowered to become economically self-reliant. About 44 per cent of our disbursals have been under the Shishu (loans up to Rs 50,000) category, which speaks about our focus on first-time borrowers and grassroots entrepreneurship," he told PTI. Punjab & Sind Bank has enabled entrepreneurs to establish and expand their businesses, leading to employment generation, he said, adding, "So far approximately 10 lakh employment have been generated by the bank through this scheme at the grassroots .

Punjab & Sind Bank has lost -39.41% in the last 6 Months

UCO Bank

09 Apr 2025

UCO Bank And Karur Vysya Bank Reduces Its Lending Rate After MPC Decision

NDTV Profit

UCO Bank bought down its RBLR to 8.8% while Karur Vysya Bank slashed its repo rate to 9.30% from 9.60%.

UCO Bank is trading below all available SMAs

Union Bank of India

09 Apr 2025

128.00

0.05%

UNION BANK OF INDIA

Buy: Union Bank of India

Ventura

Underpromise, overdeliver

Union Bank of India has an average target of 139.50 from 4 brokers.

Bank of Maharashtra

08 Apr 2025

50.30

-0.40%

Bank of Maharashtra's credit growth surpasses total deposit growth

Business Standard

The lender's total advances grew by 17.8 per cent year-on-year to Rs 2.4 trillion, while on a quarterly basis, advances were up by 5 per cent

Bank of Maharashtra is trading below its 100 day SMA of 50.4

Bank of Maharashtra clocks 18% loan growth in Q4, total biz hits Rs 5.5 trn

Business Standard | 08 Apr 2025 2 more

Canara Bank

08 Apr 2025

98.97

-1.68%

NCLAT allows banks to proceed against ex-IL&FS directors not on new board

Business Standard

The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former IL&FS directors, who are not part of the new board, to declare them as wilful defaulter. However, the appellate tribunal said those directors who are part of the new board of Infrastructure Leasing & Financial Services (IL&FS) and its various subsidiaries after October 1, 2018, would remain protected. "We are of the view that this protection shall extend to Professional Directors who have been reappointed in IL&FS and its subsidiaries who are the part of the present board. With respect to IL&FS and IL&FS Group...we grant leave to the bank to make an application for proceeding against them," said a two-member NCLAT bench comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra. The government had appointed a new board of IL&FS on October 1, 2018, after a Rs 90,000 crore debt surfaced, which had then sent...