Union Bank News - Latest Updates & Headlines
WPI inflation likely eased to 2.1% in March on lower food, fuel prices: Union Bank Report
New Delhi, April 9: Wholesale Price Index (WPI) inflation is expected to ease to 2.1 per cent year-on-year in March 2025, down from 2.4 per cent in February, mainly due to a seasonal decline in food prices, according to a report by Union Bank of India.
Shift in financial markets from US exceptionalism to un-exceptionalism triggers u-turn in USD: UBI
New Delhi, April 1: Amid the ongoing tariff threat environment, the financial markets have begun shifting their perspective on the US economy, which has impacted the USD.
Feb trade surplus suggests a sharp downside risk to India's current account deficit for FY25: Report
New Delhi, March 19: India's current account deficit is likely to see a sharp downside risk for FY25 GDP, as seen in the sharp positive surprise in February trade data according to a report by the Union Bank of India (UBI). India's trade deficit for February 2025 has seen a rare surplus of USD 14.05 billion.
India's wholesale inflation likely fell to 2 pc in February from 2.3 pc in January: Report
New Delhi, March 12: India's Wholesale Price Index (WPI) inflation is expected to decline to 2 per cent in February 2025 from 2.3 per cent in January, primarily due to a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India.
India's industrial production growth likely at 3.7% in Jan, surge from 3.2 % in Dec 24: Union Bank of India
New Delhi, March 8: India's industrial production, measured by the Index of Industrial Production (IIP), is likely to surge to 3.7 per cent year-on-year in January 2025, up from 3.2 per cent in December 2024, according to a report by Union Bank of India.
India's food inflation likely falls below 5% in Feb for the first time since June 2023: Union Bank of India
New Delhi, March 8: The food inflation in India likely fell below 5 per cent for the first time since June 2023, says a report by Union Bank of India.
Banking Liquidity will come into a strong surplus by March end: UBI report
New Delhi, March 7: The liquidity situation in India's banking sector is expected to improve significantly by the end of March 2025, with a shift towards a strong surplus, according to a research report by Union Bank of India.
India's economy set for Q4FY25 boost with increased govt. spending and capex: UBI report
New Delhi, March 2: India's economy is expected to see a boost in Q4FY25, supported by a sustained increase in government spending and capital expenditure (Capex), alongside a pickup in consumption driven by the Maha-Kumbh and wedding season, according to a report by Union Bank of India.
India's GDP growth likely to improve to 6.2 pc in Q3FY25 from 5.4 pc in Q2FY25: Union Bank of India
New Delhi, February 22: India's economic growth is expected to pick up momentum in the third quarter of the financial year 2024-25 (Q3FY25), with GDP growth estimated at 6.2 per cent, up from 5.4 per cent in the second quarter (Q2FY25), according to a report by Union Bank of India.
Maha: MMRDA secures loan of Rs 7,326 cr for underground Orange Gate to Marine Drive tunnel road
Mumbai, Feb 19: The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a Rs 7326 crore loan for the underground Orange Gate to Marine Drive tunnel road sanctioned by Union Bank of India.
India's trade deficit likely to narrow to USD 20.88 bn in Jan from USD 21.94 bn in Dec: Union Bank of India
New Delhi, February 13: India's merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India.
Union Bank of India sees lower inflation for FY25 and FY26 than MPC estimates
New Delhi, February 8: The Union Bank of India highlighted that inflation for FY25 could be lower than the Monetary Policy Committee's (MPC) revised forecast of 4.4 per cent, with Q4 FY25 Consumer Price Index (CPI) inflation likely tracking at 4 per cent. For FY26, the bank projects inflation at 4.0 per cent, slightly below the MPC's estimate of 4.2 per cent.
Union Budget to focus on consolidating fiscal deficit at 4.5 pc of GDP in FY26: UBI Report
New Delhi, January 30: The Government will focus on fiscal consolidation and growth in the Union Budget, says a research report by the Union Bank of India.
Widened gap between credit and deposit requires further liquidity boost by RBI: Report
New Delhi, January 29: The Reserve Bank of India (RBI) should take further measures to boost liquidity says a report by the Union Bank of India.
India's Fiscal impulse improves in Nov'24; further pickup likely in rest of FY25: Report
New Delhi, January 7: India is on the path of fiscal prudence as the government has spent around 52.5 per cent of the budget estimate (BE) of its deficit in the first seven months of FY25, says a report by the Union Bank of India.
Trump's second term will be good for equity mkt and dollar but not so good for bond mkts: Report
New Delhi, January 6: The upcoming second term of the US President Donald Trump (Trump 2.0) will be beneficial for the equity market and US Dollar while it is negative for the bonds markets, according to a report by Union Bank of India.