Union Bank of India gains on inaugurating ‘UnionXperience’ branch in Chennai

24 Sep 2012 Evaluate

Union Bank of India is currently trading at Rs. 207.55, up by 6.80 points or 3.39% from its previous closing of Rs. 200.75 on the BSE.

The scrip opened at Rs. 201.60 and has touched a high and low of Rs. 208.45 and Rs. 201.15 respectively. So far 1, 47,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.85 on 22-Feb-2012 and a 52 week low of Rs. 150.10 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 208.45 and Rs. 167.15 respectively. The current market cap of the company is Rs. 11,426 crore.

The promoters holding in the company stood at 54.35% while Institutions and Non-Institutions held 29.07% and 16.58% respectively.

Union Bank of India (UBI), country’s largest public sector lender has inaugurated its ‘UnionXperience’ branch to facilitate improved experience to its customers. The said branch is located nearby West Tambaram in Chennai.

Besides, in order to increase its business in the country, the bank would now focus on strengthening its retail portfolio in the current fiscal. As of March 31, 2012, the bank’s total business was Rs 403,900 crore with deposits of 222,869 crore and advances of Rs 181,031 crore. The bank’s capital adequacy ratio is 11.85%.

Further, the bank’s outstanding lending to agriculture sector is Rs 1,739 crore, for Micro, small and medium enterprises at Rs 1,648 crore and Rs 1,539 crore for retail loan.

Union Bank of India currently has 3,252 branches and 4,179 ATM networks across the country.

Union Bank Of India Share Price

116.60 -4.55 (-3.76%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 812.50
Bank Of Baroda 240.30
Canara Bank 99.65
PNB 100.70
Union Bank Of India 116.60
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.