All posts tagged "Union Bank"
-
461ESG / SustainabilityIndian Banks ‘Unprepared’ to Fight Climate Change: Report
A report from Climate Risk Horizons finds that most Indian banks have not yet factored climate change into their business strategies.
March 31, 2022 -
547AML / KYCBSP to Ensure Hacked BDO Accounts Are Reimbursed
Some 700 customers of BDO Unibank have suffered losses due to a hack. The BSP said it will ensure remedial measures are undertaken.
December 16, 2021 -
279Asia-PacificPhilippines Expects More Entrants to Digital Banking Scene
Tencent-backed Voyager Innovations, Philippine National Bank, RCBC, South Africa's TymeBank, UnionBank, and EastWest Bank are among the applicants.
July 2, 2021 -
1.0KAsia-PacificSri Lanka Eases Shareholder Limits on Commercial Banks
Multilateral agencies such as the World Bank and IFC can hold up to 20% of a commercial bank. Other firms or institutions can hold up to 15%.
September 14, 2020 -
1.6KAsia-PacificPhilippines Launches DLT-based Distribution of Retail Treasury Bonds
The launch of 'Bonds.PH' paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.
July 30, 2020 -
701Capital / LiquidityIndian Banks Directed to Extend Emergency Credit to SMEs
The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.
March 27, 2020 -
796Capital / LiquidityIndia Infuses $6.8bn into 12 Public Sector Banks
The Indian government has approved capital infusions into 12 public sector banks amounting to $6.8bn as part of its bank recapitalisation plan.
February 21, 2019 -
687EnforcementUPDATED – Indian Banks Fall Victim to $342mn in Loan Frauds
Jewellery chain falsified financial records to obtain 8.24 billion rupees in loans from 14 banks over 10 years; infrastructure firm defrauds 9-bank consortium of 13.94 billion rupees.
March 23, 2018
