Union Bank of India Current Affairs, GK & News

Union Bank MSME RuPay Credit Card

On February 25, 2022, the Union Bank of India (UBI) launched “Union MSME RuPay Credit Card” in association with National Payments Corporation of India (NPCI). Key Facts The “Union MSME RuPay Credit Card” was launched to meet business related operational expenses of Micro, Small & Medium Enterprises (MSMEs). The Card comes with interest free credit up to ..

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Anantha Nageswaran-New Chief Economic Advisor

The Government of India has appointed Anantha Nageswaran as the new Chief Economic Advisor. He is a former member of Prime Minister Economic Advisory Council. About Nageswaran Nageswaran has taught in B – schools in India and Singapore. He is a visiting professor at Kre University. Krea University is one of the top private universities ..

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RBI approves Mega Bank Consolidation Plan

The Reserve Bank of India is to implement a merger plan of 10 state-run banks into 4 larger banks from April 1, 2020. The Amalgamation of the banks had been notified by the GoI earlier of March 2020. Amalgamation Plan According to the plan, the United Bank of India and Oriental Bank of Commerce are ..

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Sunil Mehta appointed as the Chief Executive of IBA

As per the recent announcement from the Indian Bank’s Association (IBA) made on Monday, 27th January 2020, Former Managing Director and CEO of Punjab National Bank, Sunil Mehta has taken charge as the Chief Executive of Indian Banks’ Association. The Association is based in Mumbai, Maharashtra was formed on 26th September 1946 as an association ..

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GeM signs MoU with Union Bank of India

Government e-Marketplace (GeM) signed Memorandum of Understanding (MoU) with Union Bank of India (UBI). Through this partnership, UBI will be able to offer array of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the GeM portal. It ..

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