Free Press Journal
  • 3 PSBs face Rs 3-cr fine over delay in fraud detection

    Mumbai : The Reserve Bank has imposed a total penalty of Rs 3 crore on three state-run banks of Union Bank of India, Bank of India and Bank of Maharashtra for delay in detection and reporting of fraud in some accounts.

  • Mumbai, Mumbai police, EOW, Economic Offences Wing, FIR against HDIL, HDIL, Rakesh Kumar Wadhwan

    HDIL to face bankruptcy after defaulting on loan settlement

    Mumbai : Union Bank of India (UBI) has refiled an insolvency plea against Housing Development & Infrastructure (HDIL) after the company defaulted on a settlement payout of Rs 143 crore to the lender.

  • HDIL to settle dues with J&K Bank by May 2

    Mumbai : Housing Development and Infrastructure Ltd (HDIL) has offered to settle its outstanding dues with Jammu and Kashmir Bank by May 2 after the lender filed an insolvency plea against the company before the National Company Law Tribunal (NCLT).

  • Chennai jeweller cheats banks of Rs 380 cr

    New Delhi : The Central Bureau of Investigation (CBI) has filed a case against Chennai-based jewellery chain Nathella Sampath Jewelry for cheating a consortium of banks, led by State Bank of India,  of Rs 380 crore.

  • Hyderabad firm booked in Rs 1,394-cr loan fraud case

    New Delhi : The CBI has booked a Hyderabad-based construction and infrastructure company for allegedly defrauding a consortium of eight banks to the tune of over Rs 1,394 crore, officials said on Thursday.

  • UBI to sell 26% stake in GTL Infra

    Mumbai : Union Bank of India has invited bids to sell its 26 per cent stake in or 315 crore shares of GTL Infrastructure by Mar 27, the bank said in a tender notice on its website. GTL Infrastructure owes Rs 4,143 crore to Union Bank of India as of Dec 31, 2017.

  • Ujjain: Union Bank of India donates LED TV to Shri Mahakaleshwar Temple

    Ujjain: Union Bank of India (UBI) donated an LED television set for the guest house of Shri Mahakaleshwar Temple. Shri Mahakaleshwar Temple Management Committee (MTMC) administrative officer Dilip Garud stated that UBI Rishi Nagar branch manager, Ashish Soni handed over the LED television set. The MTMC felicitated Soni on this occasion with prasad and a ‘dupatta’.

  • PNB Scam: Nirav Modi paid income tax as low as Rs 930, says reports

    Mumbai: For a conman, Nirav Modi covered his tracks rather well. Realising that bad debts will catch up with him, he kept his own ‘exposure’ and that of his firms “limited” in terms of partnership in these firms.

  • Air India retains RCF-Nadkarni Cup

    Mumbai : Defending champions Air India left it late, striking twice at the death to overcome a spirited Union Bank of India 2-1 in the final of the 11th RCF-Nadkarni Cup Football Tournament 2017-2018 and played at the picturesque RCF Colony ground, Chembur.

  • SCR, BPCL march into semi-finals

    Mumbai : Defending champions South Central Railway (SCR), Secundrabad and Bharat Petroleum Corporation Limited (BPCL), Bengaluru in contrasting fashion won their respective quarter-final matches of the Union Bank of India-52nd Bombay Gold Cup All India Hockey Tournament, played at the MHAL-Mahndra Stadium, Churchgate on Saturday.

  • Spirited Union Bank goes down fighting to Punjab National Bank

    Mumbai :  A determined Union Bank of India, Mumbai put quite a challenge before going down fighting 2-3 to Punjab National Bank, Delhi in the final Pool ‘D’ league match of the Union Bank of India-52nd Bombay Gold Cup Hockey Tournament, played at the MHAL-Mahndra Stadium, Churchgate on Friday.

  • BPCL fights back to overcome C. Railway

    Mumbai : Bharat Petroleum Corporation Limited (BPCL) recovered to overcome Central Railway 3-1 in an all-Mumbai Pool-B league match of the Union Bank of India-52nd Bombay Gold Cup All India Hockey Tournament, played at the MHAL-Mahindra Stadium, Churchgate on Thursday.

  • Navy, Union Bank play out 2-2 draw

    Mumbai : Defending champions Indian Navy and Union Bank of India shared the spoils as they played out a 2-2 draw in a Super Division match of the MHAL League 2017-2018, at the MHAL-Mahindra Stadium, Churchgate on Sunday.

  • Rahim brace powers Union Bank to victory

    Mumbai : Consistent scorer Aakib Rahim played a stellar role scoring two goals in leading Union Bank of India to another fluent win as they tamed Maharashtra State Police 5-1 in a Super Division match of the MHAL League 2017-2018, at the MHAL-Mahindra Stadium, Churchgate on Thursday. The scores were level at 2-all in the first half.

  • RBI imposes monetary penalty on Union Bank

    New Delhi : The Reserve Bank of India (RBI) had earlier this week imposed a monetary penalty of Rs 3 crore on Union Bank of India for non-compliance with the directions issued by the apex bank on Know Your Customer (KYC) norms in two separate cases.

  • Indore: ‘Bank, NBFCs must come together to help out MSMEs’

    Indore: Smita Bhardwaj, MD of MP Financial Corporation said the corporation was working closely with MSMEs, especially with those having innovative ideas. She appealed to banks and non-banking financial companies (NBFCs) to come along together and build the nation by helping the MSMEs, so that they could grow with the help of required finance and solve their financial needs.

  • Bhopal: Bankers stage sit-in outside house of Rs-92cr defaulter

    BHOPAL: Senior officers of four financial institutions staged a sit-in outside the house of CE Fernandese, chairman of GEI Power Limited, adjacent to Ashima Mall, Hoshangabad Road on Thursday “to mount social and moral pressure on the businessman to repay loans”.

  • Indore: UBI organises symposium on digital banking

    Indore: Union Bank of India (UBI) organised a symposium on digital banking at Indo-German Tool Room (IGTR) Indore on Thursday. The main aim was to inform the trainees about various digital banking products of UBI to encourage digital literacy at the IGTR under the MSME ministry. Director MSME Indore P Sharma was the chief guest. Chief manager IGTR Pramod Joshi and deputy manager Sumer Singh were also present. UBI channel manager Saurabh