Last 221.00 INR
Change Today 0.00 / 0.00%
Volume 0.0
UNBK On Other Exchanges
Symbol
Exchange
Natl India
As of 6:06 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

union bank of india (UNBK) Snapshot

Open
224.45
Previous Close
222.15
Day High
226.00
Day Low
219.90
52 Week High
06/9/14 - 259.65
52 Week Low
02/14/14 - 100.50
Market Cap
140.5B
Average Volume 10 Days
5.7M
EPS TTM
27.66
Shares Outstanding
635.8M
EX-Date
06/19/14
P/E TM
8.0x
Dividend
1.30
Dividend Yield
1.81%
Current Stock Chart for UNION BANK OF INDIA (UNBK)

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union bank of india (UNBK) Details

Union Bank of India operates as a commercial bank in India. It operates in four segments: Treasury Operations, Corporate and Wholesale Banking, Retail Banking Operations, and Other Banking Operations. The company’s deposit products include savings accounts, capital gains deposit schemes, salary accounts, regular current accounts, cumulative recurring deposits, deposit reinvestment certificates, short deposit receipts, fixed deposits, monthly income schemes, long term deposits, tax saver deposits, capital gains exemption deposit schemes, demat accounts, and online trading accounts. It also provides various retail loans, including home, vehicle, and education loans, as well as loans against property, loans for senior citizens, reverse mortgage loans, personal loans, loans for medical practitioners, loans for pensioners, and loans for salary account holders. In addition, the company offers debit, credit, gift, and payroll cards; online bill and tax payment services, and fund transfer services; ATM, remittance, Internet banking, mobile banking, and SMS banking services; insurance and investment services; and cheque collection services. Further, it provides NRI deposits, loans, remittances, and investment services; export and import financing, foreign currency loans, international remittance, and treasury services; micro, small, and medium enterprises banking services, including various loans and cash management services; and products and services for agricultural/SSI/tertiary sector. Additionally, the company offers corporate banking services, such as trade finance, working capital, term loans, line of credit, corporate loans, infrastructure finance, and channel finance; and debt restructuring, loan syndication, structured finance, mergers and acquisition, and private equity services. As of March 31, 2014, it operated a network of 3871 branches, including 2 overseas branches; and 6429 ATMs. The company was founded in 1919 and is headquartered in Mumbai, India.

33,806 Employees
Last Reported Date: 05/31/14
Founded in 1919

union bank of india (UNBK) Top Compensated Officers

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Executives, Board Directors

union bank of india (UNBK) Key Developments

Government To Divest Stake In State-Owned Banks

The government of India is planning to reduce its stake in state-owned banks. Arun Jaitley, Finance Minister of India, said in the Parliament that the government is looking to reduce its stake in state-owned banks to 52% in a phased manner." Jaitley said in written reply in the Rajya Sabha, "A proposal for allowing public sector banks (PSBs) to raise capital from public market by diluting Government of India holding up to 52% in phased manner is under consideration." There is as yet no timeline on when the centre will divest stakes in these banks. The government is planning to reduce 6.9% stake in Allahabad Bank (BSE:532480), 8.14% stake in Andhra Bank (BSE:532418), 4.26% stake in Bank of Baroda (BSE:532134), 14.7% stake in Bank of India (BSE:532149), 27.8% stake in Bank of Maharashtra (BSE:532525), 17% stake in Canara Bank Limited (BSE:532483), 32.2% stake in Central Bank of India (BSE:532885), 11.33% stake in Corporation Bank (BSE:532179), 6% stake in Dena Bank Ltd. (BSE:532121), 29.51% stake in Indian Bank (BSE:532814), 21.8% stake in Indian Overseas Bank (BSE:532388), 7.13% stake in Oriental Bank of Commerce (BSE:500315), 6.87% stake in Punjab National Bank (BSE:532461), 27.62% stake in Punjab and Sind Bank (BSE:533295), 15.39% stake in Syndicate Bank Limited (BSE:532276), 8.47% stake in Union Bank of India (BSE:532477), 26.92% stake in United Bank of India (BSE:533171), 25.2% stake in UCO Bank (BSE:532505), 22.06% stake in Vijaya Bank Ltd. (BSE:532401), 24.5% stake in IDBI Bank Limited (BSE:500116), 6.6% stake in State Bank of India (BSE:500112), 23.07% stake in State Bank of Bikaner & Jaipur (BSE:501061), 38% stake in State Bank of Mysore (BSE:532200), and 26.91% stake in State Bank of Travancore (BSE:532191).

Union Bank of India Appoints Mihir Kumar as its Government Nominee Director in Place of Mohammad Mustafa

Union Bank of India announced that the Central Government in exercise of the powers conferred by clause (b) of sub-section (3) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has vide notification dated November 25, 2014 appointed Shri. Mihir Kumar as Government Nominee Director of the Bank in place of Mohammad Mustafa with immediate effect and until further orders.

Union Bank of India Reports Unaudited Standalone Earnings Results for Second Quarter and Six Months Ended September 30, 2014

Union Bank of India reported unaudited standalone earnings results for second quarter and six months ended September 30, 2014. For the quarter, the company’s interest earned was INR 79,433.8 million compared to INR 72,711.4 million a year ago. Total income was INR 87,546.9 million against INR 78,822.9 million a year ago. Operating profit (before provision & contingencies) was INR 13,339.1 million compared to INR 12,249.3 million a year ago. Profit from ordinary activities before tax was INR 5,485.0 million compared to INR 2,881.8 million a year ago. Net profit was INR 3,713.4 million or INR 5.88 per basic and diluted share before and after extraordinary items compared to INR 2,081.2 million or INR 3.49 per basic and diluted share before and after extraordinary items for the same period a year ago. For the six months, the company’s interest earned was INR 157,995.6 million compared to INR 141,284.1 million a year ago. Total income was INR 173,022.5 million against INR 154,958.2 million a year ago. Operating profit (before provision & contingencies) was INR 27,058.4 million compared to INR 26,367.0 million a year ago. Profit from ordinary activities before tax was INR 15,276.1 million compared to INR 10,184.0 million a year ago. Net profit was INR 10,354.5 million or INR 16.41 per basic and diluted share before and after extraordinary items compared to INR 7,683.4 million or INR 12.87 per basic and diluted share before and after extraordinary items for the same period a year ago.

 

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