{
Union Bank of India

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}
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Filipino banks collaborate to launch PHPX stablecoin on Hedera technology

Filipino banks, including UnionBank and Rizal Commercial Banking Corporation, are set to launch the PHPX stablecoin on Hedera's Distributed Ledger Technology, aiming to enhance real-time remittances and international payments. The PHPX token, expected to go live between May and July, will facilitate multi-currency exchanges and address challenges in cross-border transactions, while adhering to regulatory standards. This initiative reflects the growing adoption of cryptocurrency in the Philippines, a major remittance recipient, with potential applications in retail and larger trade payments.
Crypto News Flash
Singapore Dollar Japanese Yen United States Dollar Rizal Commercial Banking Corporation Corporation Union Bank of India SGP PHL JPN USA David Inderias John Januszczak Mikko Perez Show more
Finance & Economy, News Article
17:48 10.01.2025

stock market plummets amid concerns over human metapneumovirus outbreak in india

India's stock market faced a significant downturn, with the Sensex plummeting over 1,200 points and the Nifty dropping 1.4%, following the confirmation of two Human Metapneumovirus (HMPV) cases in Karnataka. The sell-off affected various sectors, including PSU banks and real estate, as investors reacted to the ongoing virus outbreak in China. Despite government reassurances about monitoring the situation, fears of further impacts on the economy led to increased volatility, with the India VIX rising by 13%.
website
United States Dollar Tata Steel Ltd HDFC Bank Ltd Union Bank of India Bank of Baroda Limited Adani Energy Solutions Limited Reliance Industries Ltd Kotak Mahindra Bank FUT, Januar CHN IND Show more
Healthcare, Market Report
06:55 06.01.2025

NSE adds 45 new stocks to futures and options trading segment

The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.
Moneycontrol
Adani Energy Solutions Limited Adani Green Energy Limited Angel One Limited APL Apollo Tubes Limited Adani Total Gas Limited State Bank of India BSE Limited Computer Age Management Services Limited Central Depository Services (India) Limited CESC Limited CG Power and Industrial Solutions Limited Cyient Limited Delhivery Limited Avenue Supermarts Limited HFCL Limited Housing & Urban Development Corporation Limited Indian Bank IRB Infrastructure Developers Limited Indian Railway Finance Corporation Limited Jio Financial Services Limited Jindal Stainless Limited JSW Energy Limited Kalyan Jewellers India Limited KEI Industries Limited KPIT Technologies Limited Life Insurance Corporation of India Macrotech Developers Limited Max Healthcare Institute Limited NCC Limited NHPC Limited FSN E-Commerce Ventures Limited Oil India Limited One97 Communications Limited PB Fintech Limited Poonawalla Fincorp Limited Prestige Estates Projects Limited SJVN Limited Sona BLW Precision Forgings Limited The Supreme Industries Limited Tata Elxsi Limited Tube Investments of India Limited Union Bank of India Varun Beverages Limited Yes Bank Limited Zomato Limited IND Ashish Chauhan Show more
Finance & Economy, Market Report
10:56 29.11.2024

BSE revises price band for Adani Total LIC Zomato Paytm and others

BSE Ltd has revised the price band of 44 stocks, including Adani Total, LIC, Zomato, and Paytm, to 10%, effective November 29, 2024. This change applies to various companies across sectors, aiming to standardize trading limits. The full list includes notable firms like DMart, Yes Bank, and Jio Financial Services.
Moneycontrol
LIC Kalyan Jewellers India Limited CAMS Macrotech Developers Limited Union Bank of India Cyient Limited CESC Limited Max Healthcare Institute Limited Sona BLW Jio Financial Services Limited Oil India Limited KEI Industries Limited APL Apollo Tubes Limited Zomato Limited State Bank of India Poonawalla Fincorp Limited NCC Yes Bank Limited Jindal Stainless Limited The Supreme Industries Limited DMart JSW Energy Limited CG Power KPIT Technologies Limited SJVN Limited PB Fintech Limited Nykaa Prestige Estates Projects Limited Tata Elxsi Limited Delhivery Limited Adani Total Gas Ltd. IRB Infra Paytm HFCL Limited NHPC Limited IRFC Indian Bank Tube Investments of India Limited Varun Beverages Limited HUDCO IND Show more
Finance & Economy, Market Report
14:22 28.11.2024

bank stocks plunge amid adani bribery allegations and market sell-off

Bank stocks experienced a sharp decline on November 21, driven by a broad market sell-off and bribery allegations against Gautam Adani and his executives. Most banking stocks fell, with major public sector banks like State Bank of India and Bank of Baroda losing 4-8%, while private sector banks showed relatively better performance.Following the Hindenburg report in January 2023, several banks disclosed their exposure to the Adani Group, with Life Insurance Corporation reporting Rs 35,920 crore and State Bank of India revealing approximately Rs 27,000 crore in total exposure.
Moneycontrol
Indian Rupee United States Dollar The Federal Bank Limited IndusInd Bank Limited Axis Bank Limited Bank of Baroda Limited IDFC First Bank Limited Canara Bank Bank of India Limited IDBI Bank Limited HDFC Bank Limited REC Limited Union Bank of India Central Bank of India State Bank of India Punjab National Bank IND Gautam Adani Show more
Finance & Economy, Market Report
06:12 21.11.2024

Union Bank of India fined for anti-money laundering compliance failures

The Financial Intelligence Unit (FIU) has fined Union Bank of India Rs 54 lakh for failing to report suspicious transactions and not conducting due diligence under the Prevention of Money Laundering Act (PMLA). The penalty, issued on October 1, followed an investigation that revealed irregularities in KYC/AML compliance at the bank's Hill Road branch in Mumbai, particularly involving accounts linked to a non-banking financial company engaged in significant circular fund transfers.
Moneycontrol
Indian Rupee Union Bank of India IND
Regulatory & Legal, News Article
12:02 23.10.2024

Union Bank of India reports decline in net interest margin due to RBI rules

Union Bank of India reported an 11 basis points decline in net interest margin (NIM) for Q2 due to new RBI guidelines classifying penal interest as penal charges, impacting NIM to 2.9%. The bank's net profit rose 34.43% year-on-year to Rs 4,720 crore, with a focus on maintaining profitability despite competitive lending rates.
Moneycontrol
Union Bank of India IND A Manimekhalai Ramasubramanian S
Finance & Economy, Market Report
12:34 22.10.2024
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