Union Bank of India Ltd (UNBK.NS)
14 Aug 2018
* GOT SANCTIONED ADHOC FACILITY OF 50.6 MILLION RUPEES ON LC FACILITY SECURED WITH UNION BANK OF INDIA Source text - https://bit.ly/2qoLbeC Further company coverage:
MUMBAI, March 27 Indian state-run Punjab National Bank is working with the government and India's central bank to try to settle a dispute over claims from counterparty banks in a $2 billion fraud by the end of March, a source with direct knowledge said.
MUMBAI, March 9 Union Bank of India has direct credit exposure of about 1.2 billion rupees ($18.4 million) to companies controlled by jeweller Nirav Modi, and another 1.75 billion rupees ($26.9 million) to Gitanjali group of companies, its chief executive told Reuters on Friday.
* CO, THROUGH FOREIGN BRANCHES, HAS BEEN TAKING EXPOSURE WITH PNB AS COUNTER-PARTY UNDER LOUS ISSUED THROUGH SWIFT MESSAGE