Union Bank Of India Share Price

A fair growth of 17.81% in the revenue at Rs. 196817.00 millions was reported in the September 2022 quarter as compared to Rs. 167057.10 millions during year-ago period.Modest increase of 21.07% in the Net Profit was reported from. 15261.20 millions to Rs. 18477.00  millions.

The company witnessed a 23.35% growth in the revenue at Rs. 208828.60 millions for the quarter ended December 2022 as compared to Rs. 169296.50 millions during the year-ago period.Net Profit for the quarter ended December 2022 zoomed to 106.82% from Rs. 10854.00 millions to Rs. 22448.00  millions.

Pursuant to Regulation 30 read with point 15 of Para A of Part A of Schedule III and Regulation 46(2) (o) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the guidance note of stock exchanges dated July 29, 2022 on disclosures pertaining to Analysts meet, Union Bank has submitted details of the Scheduled/Meet of Analysts of the Bank to be held on 16.09.2022 in Mumbai. Bank will be referring to publicly available documents for discussions during interaction in the meet/call’. No Unpublished Price Sensitive Information is proposed to be shared during the meeting / call’. The same is also being made available on our Bank’s website: https://www.unionbankofindia.co.in.

The above information is a part of company’s filings submitted to BSE.

Union Bank of India and Hyundai have mutually agreed to pool their resources together and be associated with each other for mutual benefits

Union Bank Of India is currently trading at Rs. 44.25, up by 0.65 points or 1.49% from its previous closing of Rs. 43.60 on the BSE.

The scrip opened at Rs. 43.20 and has touched a high and low of Rs. 44.50 and Rs. 43.00 respectively. So far 373079 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.80 on 09-Nov-2021 and a 52 week low of Rs. 33.55 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 44.50 and Rs. 41.90 respectively. The current market cap of the company is Rs. 30107.06 crore.

The promoters holding in the company stood at 83.50%, while Institutions and Non-Institutions held 8.04% and 8.47% respectively.

Union Bank of India has entered into partnership with Hyundai Construction Equipment India for extending Equipment Finance to the Customers of Hyundai. Under the partnership, Union Bank of India and Hyundai have mutually agreed to pool their resources together and be associated with each other for mutual benefits.

The wider reach of the Bank will help both Union Bank of India and Hyundai to extend the best offering to the buyers of Hyundai Equipment across the country and to increase the Bank’s portfolio under Equipment Finance.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

Total consolidated income of the bank increased by 8.57% to Rs 23475.13 crore for Q2FY23

Union Bank Of India is currently trading at Rs. 49.15, up by 1.90 points or 4.02% from its previous closing of Rs. 47.25 on the BSE.

The scrip opened at Rs. 47.80 and has touched a high and low of Rs. 49.50 and Rs. 47.55 respectively. So far 2920054 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.80 on 09-Nov-2021 and a 52 week low of Rs. 33.55 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 49.50 and Rs. 42.60 respectively. The current market cap of the company is Rs. 33558.61 crore.

The promoters holding in the company stood at 83.50%, while Institutions and Non-Institutions held 8.04% and 8.47% respectively.

Union Bank of India has reported rise of 21.07% in its net profit at Rs 1847.70 crore for Q2FY23 as compared to Rs 1526.12 crore for the corresponding quarter previous year. Total income of the bank increased by 10.99% to Rs 22957.94 crore for the quarter under review as compared to Rs 20683.95 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 22.67% in its net profit at Rs 1853.12 crore for the quarter under review as compared to Rs 1510.68 crore for the same quarter in the previous year. Total income of the bank increased by 8.57% to Rs 23475.13 crore for the quarter under review as compared to Rs 21621.87 crore for the same quarter in the previous year.

The objective of this collaboration is to improve access to green energy and save on the cost of electricity thus making MSMEs more profitable

Union Bank Of India is currently trading at Rs. 67.85, up by 1.90 points or 2.88% from its previous closing of Rs. 65.95 on the BSE.

The scrip opened at Rs. 66.80 and has touched a high and low of Rs. 68.35 and Rs. 66.50 respectively. So far 818467 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.20 on 11-Nov-2022 and a 52 week low of Rs. 33.55 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 69.20 and Rs. 62.00 respectively. The current market cap of the company is Rs. 46407.94 crore.

The promoters holding in the company stood at 83.49%, while Institutions and Non-Institutions held 8.48% and 8.02% respectively.

Union Bank of India (UBI) has tied up with Tata Power Solar Systems (TPSSL), a hundred percent subsidiary of Tata Power Renewable Energy (TPREL) to help MSME (Micro, Small and Medium Enterprises) sector switch to solar solutions. The objective of this collaboration is to improve access to green energy and save on the cost of electricity thus making MSMEs more profitable.

The association will be implemented under UBI’s solar scheme called 'Union Solar' which was launched on a pan-India level to relieve the MSME's from the stress of higher power costs and grid exigencies. MSMEs can avail the dual services of Solar EPC by TPSSL, financed through term loan facility by Union Bank of India, wherein industries can avail up to Rs 8 crore of loan amount at best possible interest rates (exclusive for Tata Power customers) with nil or minimum collateral. The scheme also requires minimum down payment of only 15-20% of project cost thus making it very attractive for MSMEs.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

The bank has raised fund in two tranches of Rs 1500 crore and Rs 700 crore on November 29, 2022

Union Bank of India is currently trading at Rs. 83.20, up by 1.00 points or 1.22% from its previous closing of Rs. 82.20 on the BSE.

The scrip opened at Rs. 82.20 and has touched a high and low of Rs. 83.70 and Rs. 81.15 respectively. So far 1094782 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 83.70 on 30-Nov-2022 and a 52 week low of Rs. 33.55 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 83.70 and Rs. 75.05 respectively. The current market cap of the company is Rs. 56284.15 crore.

The promoters holding in the company stood at 83.49%, while Institutions and Non-Institutions held 8.48% and 8.02% respectively.

Union Bank of India has raised Rs 2200 crore through allotment of Unsecured, Subordinated, Non-Convertible, Taxable, Fully Paid-Up Basel III Compliant Tier- 2 Bonds in the nature of Debentures eligible for inclusion in Tier 2 Capital (Bonds) in two tranches of Rs 1500 crore and Rs 700 crore on November 29, 2022.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

The bank has subscribed 2,00,80,000 Equity Shares offered under rights issue

Union Bank of India is currently trading at Rs. 85.95, up by 2.20 points or 2.63% from its previous closing of Rs. 83.75 on the BSE.

The scrip opened at Rs. 84.20 and has touched a high and low of Rs. 87.20 and Rs. 84.20 respectively. So far 1004159 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 96.40 on 14-Dec-2022 and a 52 week low of Rs. 33.55 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 96.40 and Rs. 82.60 respectively. The current market cap of the company is Rs. 59223.09 crore.

The promoters holding in the company stood at 83.49%, while Institutions and Non-Institutions held 8.48% and 8.02% respectively.

Union Bank of India has subscribed 2,00,80,000 Equity Shares of Star Union Dai-Ichi Life Insurance Company (SUD life) offered under rights issue by the Company at Rs 25 per share aggregating to Rs 50.20 crore. The subscription under rights issue is to infuse additional capital in proportion to Bank’s holding level to facilitate business expansion.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

Pursuant to Regulation 57(4) of the SEBI (LODR) Regulations, 2015, Union Bank has informed that it enclosed details for all the non-convertible bonds for which interest/ principal obligations is payable during the quarter January 2023 to March 2023 in the Annexure.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 57(5)(a) of the SEBI (LODR) Regulations, 2015 read with SEBI circular SEBI/HO/DDHS_Div1/P/CIR/2022/0000000103 dated July 29,2022, Union Bank Of India has confirmed the payment of Interest/Principal obligations for Non-Convertible debt bonds of the Bank during the quarter October 2022 – December 2022, details of which are enclosed. Pursuant to Regulation 57(5)(b) of the SEBI (LODR) Regulations, 2015, it has confirmed that there are no unpaid interest/principal obligations in relation to non-convertible debt bonds of the Bank at the end of December 2022 quarter.

The above information is a part of company’s filings submitted to BSE.

In continuation of intimation vide Ref. No. ISD/320/2022-23 dated 20.02.2023, Union Bank Of India has informed that the representatives of the Bank held interaction with the Investors ‘Nippon Life India Asset Management’ on the 21.03.2023 at 10:00 am to 11:00 am in Mumbai. Bank referred to publicly available documents for discussions during interaction in the meet/call.

The above information is a part of company’s filings submitted to BSE.

Quarterly Results

Quarterly Results

Rs.1.9000 per share(19%)Final Dividend

inter-alia: 1. To discuss and approve the capital plan of the Bank by way of various modes such as raising of Equity Capital through Public Issue (i.e. Follow-on Public Offer) and/or Rights Issue and/or Private Placements, including Qualified Institutions Placements and/or Preferential Allotment to the Government of India and/or other institutions and/or through any other mode(s) and issue of Basel III Tier 1 Bonds & Tier 2 Bonds subject to approval of the Government of India and other regulatory authorities. 2. To fix the date and time of Annual General Meeting proposed to be held for obtaining the shareholders? approval for further fund raising as mentioned above

Final Dividend & Audited Results

Quarterly Results

Quarterly Results

Quarterly Results

Inter alia, to consider and approve : 1. To discuss and approve the capital plan of the Bank by way of various modes such as raising of Equity Capital through Public Issue (i.e. Follow-on Public Offer) and/or Rights Issue and/or Private Placements, including Qualified Institutions Placements and/or Preferential Allotment to the Government of India and/or other institutions and/or through any other mode(s) and issue of Basel III Tier 1 Bonds & Tier 2 Bonds subject to approval of the Government of India and other regulatory authorities. 2. To fix the date and time of Annual General Meeting proposed to be held for obtaining the shareholders’ approval for further fund raising.

Audited Results

The wider reach of the Bank will help both Union Bank of India and JCB to extend the best offering to the buyer of JCB machines

Union Bank of India has entered into partnership with JCB India (JCB) for extending Equipment Finance to the Customers of JCB. Under the partnership Union Bank of India and JCB have mutually agreed to pool their resources together and be associated with each other for mutual benefits.

The wider reach of the Bank will help both Union Bank of India and JCB to extend the best offering to the buyer of JCB machines across the country. JCB India is the largest manufacturer of Construction Equipment in India and are part of the Global JCB group from UK.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

Now, Union Bank of India has 1221 Union Gold Loan Points across the country

Union Bank of India has launched 705 new ‘Union Gold Loan Points’, to further strengthen the Gold Loan business and customer service enrichment. Now Union Bank of India has 1221 Union Gold Loan Points across the country. Union Bank of India has announced the formation of New Gold Loan Vertical as a part of new initiative for June’22 Quarter. This vertical has been conceptualized with a view to tap the market share under gold loan portfolio.

Bank had launched their first specialized and dedicated branches ‘Union Gold Loan Point (UGLP)’ in the year 2020, to have focused business growth in selected potential branches across the country and has 516 exclusively designed Union Gold Loan Point branches which are equipped to extend specialized Gold Loan services to the customers.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

The ASSOCHAM 17th National Summit & Awards on Banking and Financial Sector Lending Companies is a way to recognize, reward and celebrate models

Union Bank of India has been declared Winner by ASSOCHAM at the 17th National Summit & Awards on Banking and Financial Sector Lending Companies held in Mumbai, under the Class: Large Bank in three categories: Overall Champion, Lending and Non-lending.

The ASSOCHAM 17th National Summit & Awards on Banking and Financial Sector Lending Companies is a way to recognize, reward and celebrate models of inclusive growth and sustainable development as well as innovative approaches to creating value for society and business together.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

Under the pilot projects, the lender will do away with the need for physical documents such as land records and in-person visit to a bank branch to get KCCs

To make it easier for farmers to get a Kisan Credit Card (KCC), Union Bank of India has launched pilot projects at Harda district in Madhya Pradesh. Under the pilot projects, the lender will do away with the need for physical documents such as land records and in-person visit to a bank branch to get KCCs.

The projects are part of the RBI initiative for the digitalization of rural finance wherein banks are collaborating with Reserve Bank Innovation Hub (RBIH). The bank will gradually expand it to other states across India. The bank is aimed at overcoming the challenges faced by farmers like in-person visit to a bank branch, submission of land ownership and other documents, and high turn-around time in getting the KCC. Based on the learnings from the pilot, it is planned to expand the digitalization of KCC lending to other districts of Madhya Pradesh and gradually across the country. 

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

Union Bank of India and Hyundai have mutually agreed to pool their resources together and be associated with each other for mutual benefits

Union Bank of India has entered into partnership with Hyundai Construction Equipment India for extending Equipment Finance to the Customers of Hyundai. Under the partnership, Union Bank of India and Hyundai have mutually agreed to pool their resources together and be associated with each other for mutual benefits.

The wider reach of the Bank will help both Union Bank of India and Hyundai to extend the best offering to the buyers of Hyundai Equipment across the country and to increase the Bank’s portfolio under Equipment Finance.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

The bank conducted a month long campaign under Union Nari Shakti scheme

Union Bank of India has completed disbursement of more than Rs 1000 crore of loans to Women Entrepreneurs under its flag ship scheme Union Nari Shakti. Union Nari Shakti is identified as one of the niche products of the Bank to achieve market leadership. The scheme envisages sanction of need based credit facilities to Women Entrepreneurs in the range of Rs 2 lakh to Rs 10 crore with liberalized terms.

As part of its vision to assist larger number of Women Entrepreneurs, Union Bank of India conducted a month long campaign under Union Nari Shakti scheme and during the said campaign period, Union Bank of India disbursed record amount of more than Rs 1,000 crore to 10000 + Women Entrepreneurs across the country.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

Total consolidated income of the bank increased by 8.57% to Rs 23475.13 crore for Q2FY23

Union Bank of India has reported results for second quarter ended September 30, 2022.

The bank has reported rise of 21.07% in its net profit at Rs 1847.70 crore for Q2FY23 as compared to Rs 1526.12 crore for the corresponding quarter previous year. Total income of the bank increased by 10.99% to Rs 22957.94 crore for the quarter under review as compared to Rs 20683.95 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 22.67% in its net profit at Rs 1853.12 crore for the quarter under review as compared to Rs 1510.68 crore for the same quarter in the previous year. Total income of the bank increased by 8.57% to Rs 23475.13 crore for the quarter under review as compared to Rs 21621.87 crore for the same quarter in the previous year.

The bank is the 2nd Best Bank in adopting reforms prescribed for Public Sector Banks

Union Bank of India has been ranked 2nd as per the report on EASE Reforms Index for Q1 FY 2022-23 by Indian Banks' Association (IBA). The bank is the 2nd Best Bank in adopting reforms prescribed for Public Sector Banks.

The bank has been doing well in areas related to enabling various digital journeys for customer convenience, upgrading analytics & big data capabilities for personalized offerings & proactive reach out to customers, adopting modern technology capabilities for integrated banking experience, collaborative banking for higher efficiency, employee development and better governance measures resulted in Bank improving its rank up by two notches.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

The objective of this collaboration is to improve access to green energy and save on the cost of electricity thus making MSMEs more profitable

Union Bank of India (UBI) has tied up with Tata Power Solar Systems (TPSSL), a hundred percent subsidiary of Tata Power Renewable Energy (TPREL) to help MSME (Micro, Small and Medium Enterprises) sector switch to solar solutions. The objective of this collaboration is to improve access to green energy and save on the cost of electricity thus making MSMEs more profitable.

The association will be implemented under UBI’s solar scheme called 'Union Solar' which was launched on a pan-India level to relieve the MSME's from the stress of higher power costs and grid exigencies. MSMEs can avail the dual services of Solar EPC by TPSSL, financed through term loan facility by Union Bank of India, wherein industries can avail up to Rs 8 crore of loan amount at best possible interest rates (exclusive for Tata Power customers) with nil or minimum collateral. The scheme also requires minimum down payment of only 15-20% of project cost thus making it very attractive for MSMEs.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

The flexible payment options offered by the bank will facilitate Sany customers to manage cash flow and help in loan repayment

With an aim to make equipment financing an easy, efficient, and simple process, Sany Bharat has signed a Memorandum of Understanding (MoU) with Union Bank of India. As per the agreement, the network of Union Bank will extend equipment finance to customers of Sany Bharat across the country and in turn the Bank's portfolio under equipment finance is likely to strengthen and get a wider reach.

While both the parties have agreed to pool their resources and capabilities for mutual benefits, buyers of Sany equipment can now avail a loan of up to 90% of the equipment cost. The flexible payment options offered by the bank will facilitate Sany customers to manage cash flow and help in loan repayment. The wide spread presence of Union Bank is expected to facilitate Sany's customers pan India and thereby fortify infrastructure growth which is significant towards creating a Naya Bharat.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

The bank has raised fund in two tranches of Rs 1500 crore and Rs 700 crore on November 29, 2022

Union Bank of India has raised Rs 2200 crore through allotment of Unsecured, Subordinated, Non-Convertible, Taxable, Fully Paid-Up Basel III Compliant Tier- 2 Bonds in the nature of Debentures eligible for inclusion in Tier 2 Capital (Bonds) in two tranches of Rs 1500 crore and Rs 700 crore on November 29, 2022.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

The bank has subscribed 2,00,80,000 Equity Shares offered under rights issue

Union Bank of India has subscribed 2,00,80,000 Equity Shares of Star Union Dai-Ichi Life Insurance Company (SUD life) offered under rights issue by the Company at Rs 25 per share aggregating to Rs 50.20 crore. The subscription under rights issue is to infuse additional capital in proportion to Bank’s holding level to facilitate business expansion.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

Union Bank of India is always frontrunner in adopting new technologies to deliver ‘Best in class’ service to customers by offering various digital products

Union Bank of India has bagged two prestigious awards under BFSI segment at the DSCI Excellence Awards 2022, honouring stellar work in Cyber Security and Privacy under categories ‘Best Security practices in BFSI’ & ‘Security Leader of the Year BFSI’ announced at DSCI recently concluded ‘Annual Information Security Summit (AISS-2022)’ in Gurugram.

Union Bank of India is always frontrunner in adopting new technologies to deliver ‘Best in class’ service to customers by offering various digital products. Bank has taken several initiatives for its Cyber Security Strategy by Establishing cybersecurity Centre of Excellence (CCoE), Automated Vulnerability Assessment & Penetration Testing Lab, Ethical Hacking Lab, Developing and designing Comprehensive Cyber Security Education & Awareness programs under Cybersecurity Capacity Building Centre at Hyderabad.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

Under the partnership, about 150 Garuda Agri Kisan drones have received sanction for drone loans under the Kisan Pushpak Scheme

Union Bank of India (UBI) has partnered with Garuda Aerospace. Under the partnership, about 150 Garuda Agri Kisan drones have received sanction for drone loans under the Kisan Pushpak Scheme. The drone loan will help farmers to digitise land record operations for crop production, spraying of fertilisers, chemicals, growth promotors, pesticides, etc., with the help of drones.

The partnership will be useful for lead generation, customer acquisition, sourcing of applications, and due diligence of customers for credit deployment. As the Union Bank of India has a pan India presence and a wide network of branches the partnership with Garuda Aerospace will help to provide farmer-centric products in the field of Agriculture.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

MoU is for extending Equipment Finance to the Customers of Tata Hitachi

Union Bank of India has signed Memorandum of Understanding (MoU) with Tata Hitachi Construction Machinery Company (Tata Hitachi) for extending Equipment Finance to the Customers of Tata Hitachi. Under the partnership, Union Bank of India and Tata Hitachi have mutually agreed to pool their resources together and be associated with each other for mutual benefits. The wider reach of the Bank will help both Union Bank of India and Tata Hitachi to extend the best offering to the buyers of Tata Hitachi across the country and to increase the Bank’s portfolio under Equipment Finance.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.

Total income of the bank increased 21.76% at Rs 24635.44 crore for Q3FY23

Union Bank of India has reported results for third quarter ended December 31, 2022 (Q3FY23).

The bank has reported over two-fold jump in its net profit at Rs 2244.80 crore for the quarter under review as compared to Rs 1085.40 crore for the same quarter in the previous year. Total income of the bank increased 24.16% at Rs 24,153.68 crore for Q3FY23 as compared to Rs 19,453.74 crore for the corresponding quarter previous year. 

On the consolidated basis, the bank has reported over two-fold jump in its net profit at Rs 2263.66 crore for the quarter under review as compared to Rs 1,077.40 crore for the same quarter in the previous year. Total income of the bank increased 21.76% at Rs 24635.44 crore for Q3FY23 as compared to Rs 20233.19 crore for the corresponding quarter previous year.