Union Bank of India - Gkseries.com

Union Bank launched Open Banking Sandbox and Metaverse Virtual Lounge

Union Bank of India has announced the launch of a Metaverse Virtual Lounge & Open Banking Sandbox environment. This initiative is in partnership with Tech Mahindra. In the beginning, movies and information on the bank’s deposits, loans, government assistance programmes, digital initiatives, etc. will be hosted by Uni-verse. Customers will receive a special banking experience […]

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Union Bank as first public sector bank to go live on the Account Aggregator framework

Union Bank of India became the first public sector bank to go live on the Account Aggregator (AA) ecosystem, the bank said on April 29, which facilitates sharing of financial information on a real-time basis between the regulated entities. Reserve Bank of India licensed Account Aggregator (AA) ecosystem in order to enable the flow of data between

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Union Bank launches super-app UnionNXT, digital project SMBHAV

The Union Bank of India (UBI) has launched its super-app named UnionNXT on April 06, 2022. The app UnionNXT will offer a number of services including payments, online shopping, bill payments, recharges, investment, loans, and fund transfers, on a single platform. Union Bank of India is looking for recovery from the spending in 2 years and aims to have 50% of

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Union Bank launches ‘Union MSMERuPay Credit Card’

To tide over the challenges to meet business-related expenses by MSMEs, Union Bank of India and the National Payments Corporation of India (NPCI) have jointly launched a credit card for the borrowers, offering interest-free credit for up to 50 days. It is a first-of-its-kind initiative in the industry, to provide simplified and digital delivery of

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Reserve Bank of India imposed fine on State Bank of India and Union Bank of India

The Reserve Bank of India (RBI) has penalised State Bank of India and Union Bank of India for violating certain regulatory guidelines. The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms, code of conduct for opening and operating current accounts and reporting of data on Central

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