Union Bank of India launches digital solution product ‘Trade nxt’

Mumbai: Union Bank of India today, announced the launch of ‘Trade nxt’(trade.unionbanko findia.co.in/UBIFCC/portal#/login),an online platform for providing comprehensive cross border trade finance services to Indian Exporters and Importers. It offers seamless entry and processing of letters of credit(LC), bank guarantees, export/import bills, disbursement of export credit, outward & inward remittances, dealer financing and much more….

Read More

Union Bank of India gets ISO 9001:2015 Certification for Standardization of Credit Appraisal through its CPCs for MSME Loans

Mumbai : Union Bank of India today announced receipt of ISO certification for ‘Standardization of Credit Appraisal Process in SARALs/SARAL Lites’ (SARALs – Systematic Appraisal and Risk Assessment of Loan) – Centralized Processing Centers for MSME loans. This coveted certification is a proof that the Bank is committed towards making the Banking services, easy, fast,…

Read More

Union Bank of India wins IDC Industry Innovation Award 2021

Mumbai: Union Bank of India bagged the prestigious IDC Industry Innovation Awards 2021 Winner award for Application Programming Interface Management (APIM) under Innovation in Operations category. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunication and consumer technology markets. IDC Industry Innovation Awards…

Read More

Union Bank of India embraces Alternate Reference Rate replacing LIBOR

Mumbai: Union Bank of India (UBI) through its International Banking Division announced that it has started lending in Alternate Reference Rate (ARR) replacing London Inter-Bank Offered Rate (LIBOR) in line with regulatory requirement. With this, Union Bank of India is among the first few Banks in India to adopt ARR. LIBOR transition is one of…

Read More

nion Bank of India inaugurates automatic VAPT lab at Cyber Security Centre of Excellence in Hyderabad

Mumbai : Union Bank of India today, launched the Cyber Security Awareness Kit and inaugurated an automated VAPT (Vulnerability Assessment & Penetration Testing) lab at their Cyber Security Centre of Excellence in Hyderabad. The aim of this initiative is to create cyber security awareness among its staff members, customers and other stakeholders. The event was…

Read More

nion bank of India digital banking initiative – launches cyber security awareness kit and automatic VAPT lab

Mumbai: Union Bank of India today, launched the Cyber Security Awareness Kit and inaugurated an automated VAPT (Vulnerability Assessment & Penetration Testing) lab at their Cyber Security Centre of Excellence in Hyderabad. The aim of this initiative is to create cyber security awareness among its staff members, customers and other stakeholders. The event was summoned…

Read More

Union Bank of India bags award for highest percentage of digital payment transactions

Mumbai : Union Bank of India has been felicitated for achieving highest percentage for digital payment transactions under the category of large and medium banks at the “Digital Payments Utsav”. The Ministry of Electronics & Information Technology celebrated “Digital Payments Utsav” where Union Bank of India was honored for its outstanding performance in promoting digital…

Read More

Union Bank of India partners with Capri Global Capital Ltd: For Co-Lending to MSMEs

Mumbai: Union Bank of India, a leading Public Sector Bank of the country today entered into Co-Lending agreement with the Capri Global Capital Limited (CGCL), a leading NBFC focused on lending to MSMEs and affordable Housing finance segment to offer MSMEs loans. Through this collaboration, Union Bank of India and CGCL aim to disburse MSME…

Read More