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3 stories mentioning NSE:UNIONBANK

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Asia

Union Bank of India Appoints New Chief Risk Officer

Union Bank of India (NSE:UNIONBANK, BOM:532477) appointed Sowmya Sridhar as chief risk officer, effective May 22, according to a Monday filing on Indian bourses.Shares of the bank rose nearly 1% in Tuesday's trade.She will succeed Ashwini Kumar Ramakrishna Choudhary, whose three-year contractual term as CRO concludes on May 21, the filing said.Sridhar joined the bank in 1995 and currently serves in the risk management, the lender said in the filing.

BOM:532477NSE:UNIONBANK
Asia

Indian Equities Extend Losses on Thursday as Banking Sell-Off, Crude Oil Surge Weigh

Indian benchmark indices declined sharply on Thursday as selling in banking stocks and higher crude oil prices dragged the market lower.The BSE Sensex fell 852.49 points, or 1.1%, to close at 77,664.00, while the NSE Nifty 50 dropped 205.05 points, or 0.8%, to settle at 24,173.05.Sentiment remained weak amid rising tensions in the Middle East and uncertainty around U.S.-Iran talks. Reports of fresh maritime incidents and lack of clarity on the next round of negotiations kept investors cautious despite an extension of the ceasefire.Union Bank of India (NSE:UNIONBANK, BOM:532477) declined over 7% after reporting a rise in fiscal Q4 profit to 55.0 billion rupees from 50.1 billion rupees a year earlier.Cipla (NSE:CIPLA, BOM:500087) gained nearly 6% after its subsidiary received U.S. FDA approval for Albuterol Sulfate Inhalation Aerosol. The product is expected to be launched in the first half of fiscal 2027.

^BSENifty 50BOM:500087BOM:532477NSE:CIPLANSE:UNIONBANK
Asia

Union Bank of India's Consolidated Net Profit Rises in Fiscal Q4; Shares Down 7%

Union Bank of India's (NSE:UNIONBANK, BOM:532477) consolidated net profit rose to 55.0 billion Indian rupees in the fiscal fourth quarter ended March 31, from 50.1 billion rupees a year ago.Earnings per share came in at 7.21 rupees from 6.56 rupees a year earlier, the bank said in filing to the Indian bourses on Thursday.Interest earned by the lender in fiscal Q4, however, fell to 266.8 billion rupees from 273.7 billion rupees a year ago.The board of directors has recommended a dividend of of 5 rupees per equity share of 10 rupees each for the financial year 2025-26.The bank's shares were down nearly 7% in recent trade.

BOM:532477NSE:UNIONBANK