UNIONBANK

Union Bank Of India Share Price Union Bank of India

₹153.5
2.3 (1.52%)
29 March, 2024 19:49 BSE: 532477 NSE: UNIONBANKISIN: INE692A01016

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Union Bank Of India Performance

Day Range

  • Low 151
  • High 154
₹ 153

52 Week Range

  • Low 61
  • High 162
₹ 153
  • Open Price152
  • Previous Close151
  • Volume11097927

Union Bank Of India Share Price

  • Over 1 Month 8.98%
  • Over 3 Month 30.31%
  • Over 6 Month 49.76%
  • Over 1 Year 149.19%

Union Bank Of India Key Statistics

P/E Ratio 8.8
PEG Ratio 0.1
Market Cap Cr 117,176
Price to Book Ratio 1.6
EPS 11
Dividend 2
Relative Strength Index 57.24
Money Flow Index 53.42
MACD Signal 1.73
Average True Range 6.19
Union Bank of India Financials
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 25,36324,58723,47822,005
Operating Expenses Qtr Cr 5,6655,6005,5646,696
Operating Profit Qtr Cr 7,2787,2217,1796,823
Depreciation Qtr Cr 0000
Interest Qtr Cr 16,19515,46114,63813,754
Tax Qtr Cr 1,9401,9421,9381,105
Net Profit Qtr Cr 3,5903,5113,2362,782
IndicatorMar 2023
Total Revenue Annual Cr 95,376
Operating Expenses Annual Cr 21,931
Operating Profit Annual in Cr 25,467
Depreciation Cr 737
Interest Annual Cr 47,978
Tax Annual Cr 3,704
Net Profit Annual Cr 8,433
IndicatorMar 2023
Cash from Operating Activity Annual Cr 5,984
Cash from Investing Activity Annual Cr -2,408
Cash from Financing Annual Activity Cr -10,926
Net Cash Flow Annual Cr -7,350
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 78,334
Fixed Assets Annual Cr 8,826
Total Non Current Assets Annual Cr 0
Total Current Assets Annual Cr 932,628
Total Assets Annual Cr 1,280,752
IndicatorMar 2023
Book Value Per Share Annual Rs 115
ROE Annual % 12
ROCE Annual % 6
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 0
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 25,52124,73223,61322,163
Operating Expenses Qtr Cr 6,2326,1895,9737,085
Operating Profit Qtr Cr 7,3357,2657,1856,869
Depreciation Qtr Cr 0000
Interest Qtr Cr 16,23615,49814,66413,810
Tax Qtr Cr 1,9441,9441,9401,114
Net Profit Qtr Cr 3,6253,5723,2722,812
IndicatorMar 2023
Total Revenue Annual Cr 97,079
Operating Expenses Annual Cr 23,487
Operating Profit Annual in Cr 25,558
Depreciation Cr 745
Interest Annual Cr 48,033
Tax Annual Cr 3,716
Net Profit Annual Cr 8,512
IndicatorMar 2023
Cash from Operating Activity Annual Cr 6,111
Cash from Investing Activity Annual Cr -2,561
Cash from Financing Annual Activity Cr -10,654
Net Cash Flow Annual Cr -7,104
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 78,804
Fixed Assets Annual Cr 8,848
Total Non Current Assets Annual Cr 0
Total Current Assets Annual Cr 935,782
Total Assets Annual Cr 1,288,357
IndicatorMar 2023
Book Value Per Share Annual Rs 115
ROE Annual % 12
ROCE Annual % 6
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 0

Union Bank Of India Technicals

EMA & SMA

Current Price
₹153.5
2.3 (1.52%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹148.73
  • 50 Day
  • ₹143.26
  • 100 Day
  • ₹132.53
  • 200 Day
  • ₹115.88
  • 20 Day
  • ₹149.65
  • 50 Day
  • ₹145.44
  • 100 Day
  • ₹130.89
  • 200 Day
  • ₹110.42

Union Bank Of India Resistance and Support

PIVOT
₹152.99
Resistance
First Resistance 154.72
Second Resistance 155.93
Third Resistance 157.67
RSI 57.24
MFI 53.42
MACD Single Line 1.73
MACD 1.66
Support
First Resistance 151.77
Second Resistance 150.03
Third Resistance 148.82

Union Bank Of India Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 12,047,645 451,425,258 37.47
Week 13,513,368 536,886,091 39.73
1 Month 32,424,899 1,641,996,905 50.64
6 Month 26,793,606 1,159,627,279 43.28

Union Bank Of India Result Highlights

Union Bank of India Synopsis

NSE-Banks-Money Center

Union Bank Of In belongs to the Industry of Finance - Banks - Public Sector. Company’s Total Operating Revenue is Rs. 80743.34 Cr. and Equity Capital is Rs. 6834.75 Cr. for the Year ended 31/03/2023. Union Bank of India is a Public Limited Listed company incorporated on 11/11/1919 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is U99999MH1919PTC000615 and registration number is 000615.
Market Cap 117,176
Sales 112,074
Shares in Float 190.84
No of funds 287
Yield 1.95
Book Value 1.45
U/D Vol ratio 1.7
LTDebt / Equity 55
Alpha 0.17
Beta 1.39

Union Bank of India

Owner NameFeb-24Dec-23Sep-23Aug-23
Promoters 74.76%76.99%76.99%76.99%
Mutual Funds 3.33%3.09%2.71%2.59%
Insurance Companies 8.79%8.97%9.72%9.68%
Foreign Portfolio Investors 6%3.97%2.89%3.2%
Financial Institutions/ Banks 0.1%0.02%
Individual Investors 5.74%6%6.59%5.53%
Others 1.38%0.98%1%1.99%

Union Bank of India Management

Name Designation
Mr. Srinivasan Varadarajan Non Executive Chairman
Ms. A Manimekhalai Managing Director & CEO
Mr. Nitesh Ranjan Executive Director
Mr. Nidhu Saxena Executive Director
Mr. Suraj Srivastava Part Time Non Official Director
Mr. Laxman S Uppar Part Time Non Official Director
Dr. Jayadev Madugula Shareholder Director
Mrs. Priti Jay Rao Shareholder Director
Mr. S Ramasubramanian Executive Director
Mr. Sameer Shukla Government Nominee Director
Mr. Arun Kumar Singh Nominee Director

Union Bank Of India Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Union Bank Of India Corporate Action

Date Purpose Remarks
2024-01-20 Quarterly Results
2023-10-27 Quarterly Results
2023-07-20 Quarterly Results
2023-05-06 Audited Results & Final Dividend
2023-04-26 Others 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. Further Public Offer) per share(19%)Final Dividend

About Union Bank Of India

Union Bank of India is one of India's prominent public sector banks, operating with a strong legacy and a commitment to excellence in financial services. With its headquarters in Mumbai, the bank has a widespread presence across the country, providing a comprehensive range of banking and financial solutions to millions of customers.

Since its inception, Union Bank of India has been at the forefront of the Indian banking sector, catering to various segments of customers, including individuals, corporates, MSMEs (Micro, Small, and Medium Enterprises), and government institutions. As a customer-centric organization, the bank strives to deliver innovative products and services to meet the diverse needs of its clients.

At the heart of Union Bank of India's operations lies a deep-rooted customer-centric approach. The bank consistently endeavors to understand the evolving needs of its customers and adapt its offerings to meet those demands effectively. By leveraging its extensive network of branches and ATMs, Union Bank ensures easy accessibility to its services across both urban and rural areas.

The bank's relationship managers go the extra mile to build strong and lasting connections with customers, guiding them through their financial journey and helping them achieve their goals. From simplified account opening procedures to personalized loan options, Union Bank of India strives to make banking a hassle-free and rewarding experience for all.
 

History and Milestones

The journey of Union Bank of India began in 1919 when it was established as a limited company in Mumbai. The bank was inaugurated by Mahatma Gandhi, who also served as a board of directors member for a brief period. From its early days, the bank focused on fostering financial inclusion and supporting economic growth.
Over the years, the Union Bank of India has witnessed significant milestones. In 1969, it became a nationalized bank as part of the government's efforts to strengthen the banking sector. This move further enhanced its reach and ability to serve the nation. Since then, the bank has been growing steadily, expanding its network and adopting modern technology to provide efficient banking solutions.

 

Awards and Recognitions 

Union Bank of India has garnered numerous accolades and recognition for its outstanding contributions to the banking industry. Some of its recent awards include:

● Role Model Companies/NGOs/Institutions at 23rd Hellen Keller Awards 2022 by NCPEDP.
● Cloud Technology Award at CXO Cloud Leadership Awards by CXO Cloud Summit 2022.
● Best IT Risk & Cyber Security Awareness at 17th Annual Banking Technology Awards 2021 by IBA.
● Best Bank for MSMEs at the Financial Express BFSI Awards - Acknowledging its efforts to empower and nurture the MSME sector, a key driver of economic growth.
● Best Bank for NPA Management" at the Business Today Best Banks Awards - Recognizing the bank's prudential approach towards managing non-performing assets and maintaining robust credit quality.
● Best HR Strategy in Line with Business at the People Business HR Excellence Awards - Highlighting the bank's focus on employee development and engagement translates into superior customer service.

Important Facts 

● Owner: Government of India (83.49)%
● Number of employees: 75,500
● Total equity: ₹78,803.50 crore (US$9.9 billion)
● Total assets: ₹1,288,357.10 crore (US$160 billion)
● Website Name: Union Bank of India

Originally incorporated on November 11, 1919, in Mumbai as 'The Union Bank of India Ltd.,' Union Bank of India was founded under the guidance of Seth Sitaram Poddar. In 1921, the Bank relocated its registered office to Mumbai Samachar Marg, Fort, Mumbai, with an inauguration ceremony graced by Mahatma Gandhi. During the 1960s, the Bank entered a growth phase and strategically aligned its operations with national priorities.

In 2001, the Bank's Staff Training College in Bangalore achieved ISO 9001 certification. 2002 marked a significant milestone as the Bank conducted its initial public offering of equity shares, listing them on the BSE and NSE. To cater to NRIs in West Asia, the Bank introduced the 'Union Express Remittance scheme.' Additionally, it partnered with New India Insurance Company to market and distribute its products on a commission basis. Collaborations with two IT companies were also initiated to develop core-banking solutions.

On April 7, 2004, the Bank signed an agreement with SBI Life Insurance Co Ltd, offering life insurance cover to its Home Loan borrowers on a group basis. An exclusive two-wheeler finance scheme called the  'Union Miles Scheme' was launched in association with TVS Motor Company. A retail finance boutique was inaugurated at Ghatkopar (East) in Mumbai. This year, the Bank was recognized as one of the seven new Indian entrants in the Forbes 2000 list of the world's most influential and powerful companies.

As of March 31, 2021, Union Bank of India boasts an extensive network of 9312 branches and 3 overseas branches in Hong Kong, Sydney, and Dubai. Moreover, the Bank operates 12,957 ATMs across 29 States and 5 Union Territories. Remarkably, 56% of its branches are strategically located in rural and semi-urban centers, promoting financial inclusion and accessibility.
 

 

Union Bank of India FAQs

What is Share Price of Union Bank of India ?

Union Bank of India share price is ₹153 As on 29 March, 2024 | 19:35

What is the Market Cap of Union Bank of India ?

The Market Cap of Union Bank of India is ₹117175.8 Cr As on 29 March, 2024 | 19:35

What is the P/E ratio of Union Bank of India ?

The P/E ratio of Union Bank of India is 8.8 As on 29 March, 2024 | 19:35

What is the PB ratio of Union Bank of India ?

The PB ratio of Union Bank of India is 1.6 As on 29 March, 2024 | 19:35

Q2FY23