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Union Bank of India Ltd (UNBK.NS)

UNBK.NS on National Stock Exchange of India

59.35INR
13 Sep 2019
Change (% chg)

Rs0.20 (+0.34%)
Prev Close
Rs59.15
Open
Rs59.25
Day's High
Rs59.75
Day's Low
Rs56.35
Volume
13,274,094
Avg. Vol
10,442,792
52-wk High
Rs100.40
52-wk Low
Rs51.80

Latest Key Developments (Source: Significant Developments)

Union Bank Of India Exec Says Current Resolution Plan On DHFL Best Available Option
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - Union Bank Of India Exec ::UNION BANK OF INDIA EXEC SAYS MUTUAL FUNDS HAVE NOT YET SIGNED THE INTER CREDITOR AGREEMENT FOR DHFL.UNION BANK OF INDIA EXEC SAYS THE CURRENT RESOLUTION PLAN ON DHFL IS THE BEST AVAILABLE OPTION.UNION BANK OF INDIA EXEC SAYS BANK EQUITY TAKEOVER OF DHFL AS PART OF RESOLUTION PLAN WILL ONLY BE TEMPORARY.UNION BANK OF INDIA EXEC SAYS THAT BANK TAKEOVER OF DHFL MAY HAPPEN BECAUSE POTENTIAL BUYERS STILL AWAIT CLARITY.  Full Article

Union Bank Of India Exec Says Credit Growth To Be In Range Of 9%-11% In FY20
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Union Bank of India, MD&CEO,Rajkiran Rai says::SLIPPAGES IN Q1 WAS 30.9 BILLION RUPEES.STRESS IN AGRI SECTOR IS SLIGHTLY ELEVATED.GROSS NPA INCREASED SLIGHTLY AS RECOVERY WAS LOW.260 BILLION RUPEES WORTH ACCOUNTS IN BANKRUPTCY COURT.GROSS NPAS TO COME DOWN TO 12% BY FY20 END.CREDIT GROWTH TO BE IN RANGE OF 9-11% IN FY20.MAY LOOK AT A QIP IN Q3 OF 30 BILLION RUPEES.GUIDANCE OF NIMS IS 2.4% FOR FY20.  Full Article

Union Bank Of India Says Monika Kalia Nominated As CFO
Thursday, 4 Jul 2019 

July 4 (Reuters) - Union Bank of India Ltd ::UNION BANK OF INDIA SAYS MONIKA KALIA NOMINATED AS CFO TO REPLACE SREENIVASA RAO.  Full Article

Bank Of India Proposes To Sell 25.05 Pct Stake In Star Union Dai-Ichi Life Insurance
Friday, 5 Apr 2019 

April 5 (Reuters) - Bank Of India Ltd ::FLOATED REQUEST FOR PROPOSAL FOR SALE OF STAKE IN STAR UNION DAI-ICHI LIFE INSURANCE CO LTD.SAYS RFP FOR SALE OF UP TO 64.9 MILLION SHARES OF STAR UNION DAI-CHI LIFE INSURANCE CO BY BANK.SAYS STAKE SALE AT FLOOR PRICE OF 170.50 PER SHARE; PRE-BID MEETING WILL BE HELD ON APRIL 10.SAYS RFP FOR PROPOSED SALE OF 25.05 PERCENT STAKE IN STAR UNION DAI-ICHI LIFE INSURANCE CO.  Full Article

Union Bank Of India Says Cenbank Imposed Penalty Of 10 Mln Rupees On Co
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Union Bank of India Ltd ::RESERVE BANK OF INDIA IMPOSED A PENALTY OF 10 MILLION RUPEES ON CO.RBI'S PENALTY ON CO FOR DELAY IN EXCHANGE OF INFORMATION ON CONDUCT OF BORROWER'S ACCOUNT WITH OTHER LENDERS.  Full Article

Star Health And Allied Insurance, United Bank Of India Announce Bancassurance Partnership
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Union Bank of India Ltd ::STAR HEALTH AND ALLIED INSURANCE AND UNITED BANK OF INDIA ANNOUNCE A BANCASSURANCE PARTNERSHIP.  Full Article

Union Bank Of India Posts Sept-Qtr Profit
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Union Bank of India Ltd ::SEPT QUARTER NET PROFIT 1.39 BILLION RUPEES VERSUS LOSS OF 15.31 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER NET LOSS WAS 937 MILLION RUPEES.SEPT QUARTER INTEREST EARNED 85.39 BILLION RUPEES VERSUS 82.22 BILLION RUPEES LAST YEAR.SEPT QUARTER GROSS NPA 15.74 PERCENT VERSUS 16 PERCENT PREVIOUS QUARTER.SEPT QUARTER PROVISIONS AND CONTINGENCIES 16.56 BILLION RUPEES VERSUS 35.55 BILLION RUPEES LAST YEAR.SEPT QUARTER NET NPA 8.42 PERCENT VERSUS 8.70 PERCENT PREVIOUS QUARTER.SEPT QUARTER PROVISIONS FOR NPA 17.10 BILLION RUPEES VERSUS 34.65 BILLION RUPEES LAST YEAR.  Full Article

Union Bank Of India June-Qtr Domestic NIM 2.34 Pct
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Union Bank of India Ltd ::JUNE QUARTER DOMESTIC NIM 2.34 PERCENT.JUNE QUARTER GLOBAL NIM 2.26 PERCENT.DURING JUNE QUARTER TOTAL SLIPPAGES 46.52 BILLION RUPEES.  Full Article

Union Bank Of India June Qtr Profit Rises
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Union Bank of India Ltd ::JUNE QUARTER NET PROFIT 1.30 BILLION RUPEES VERSUS PROFIT OF 1.17 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER NET LOSS WAS 10.27 BILLION RUPEES.JUNE QUARTER INTEREST EARNED 87.01 BILLION RUPEES VERSUS 81.53 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS AND CONTINGENCIES 22.29 BILLION RUPEES VERSUS 17.04 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS FOR NPA 18.03 BILLION RUPEES VERSUS 18.76 BILLION RUPEES LAST YEAR.JUNE QUARTER GROSS NPA 16 PERCENT VERSUS 15.73 PERCENT PREVIOUS QUARTER.JUNE QUARTER NET NPA 8.70 PERCENT VERSUS 8.42 PERCENT PREVIOUS QUARTER.SAYS PROVISION COVERAGE RATIO AS AT JUNE 30 IS 56.49 PERCENT.  Full Article

India's CBI Files Chargesheet Against Promoter Director Of Pvt Co, Others For Causing Alleged Loss To Union Bank Of India
Friday, 18 May 2018 

May 18 (Reuters) - Central Bureau of Investigation: :FILES CHARGESHEET AGAINST PROMOTER DIRECTOR OF PVT CO, OTHERS FOR CAUSING ALLEGED LOSS OF ABOUT INR 3.14 BILLION TO UNION BANK OF INDIA.  Full Article

Indian banks unlikely to sharply trim lending rates despite new norms

MUMBAI, Sept 5 The Reserve Bank of India's move to compel lenders to link all new floating rate retail loans to external benchmarks is unlikely to achieve the intended goal of reducing interest rates sharply for consumers anytime soon, bankers and analysts said.