State-owned Union Bank of India on Tuesday said it has nominated A K Vinod as its chief compliance officer. A K Vinod, chief general manager, has been nominated as the chief compliance officer with effect from June 1, 2021 in place of K L Raju, general manager, the lender said in a regulatory filing. Vinod, 50, who was handling MSME and small corporate vertical of the bank, has been nominated as the CCO for a minimum period of three years.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
India Business News: MUMBAI: The government on Sunday expanded a scheme to guarantee loans to Covid-hit businesses to cover the aviation sector with maximum assistance for.
To support the businesses affected by the second wave of COVID-19, the Finance Ministry on Sunday enhanced the scope of ECLGS, including providing concessional loans to hospitals/nursing homes for setting up on-site oxygen generation plants.
Stocks in the news: Grasim, SBI, JSW Steel, Dr Reddy s Labs, India Cements and Natco Pharma
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Stocks in the news: Grasim, SBI, JSW Steel, Dr Reddy s Labs, India Cements and Natco PharmaETMarkets.com
Last Updated: May 24, 2021, 07:14 AM IST
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Synopsis The country s largest lender reported an 80.15 per cent jump in its standalone profit after tax (PAT) of Rs 6,451 crore in the three months to March 2021.
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Hero MotoCorp said it will resume production at all its manufacturing plants in India from coming Monday after temporarily shutting operations due to the coronavirus pandemic.
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Nifty futures on the Singapore Exchange traded 65 points, or 0.43 per cent, lower at 15,161 signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today s trade:
Union Bank of India mops up ₹1,447 cr via QIP issue
May 21, 2021
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Committee of Directors approved the issue price of Rs 33.82 per equity share of Rs 10 each
Union Bank of India (UBI) received application forms for an aggregate amount of ₹1447.17 crore from eligible Qualified lnstitutional Buyers (QIBs) under Qualified Institutions Placement (QIP) of equity shares.
The public sector bank’s Committee of Directors for Raising of Capital Funds approved the closure of QIP issue on May 20, 2021. The issue had opened on May 17, 2021.
The Committee determined and approved the issue price of ₹33.82 per equity share of ₹10 each (including a premium of ₹23.82 per equity share), the bank said in a regulatory filing on Thursday evening.