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Last 160.85 INR
Change Today -4.65 / -2.81%
Volume 2.3M
As of 3:41 AM 07/8/15 All times are local (Market data is delayed by at least 15 minutes).

union bank of india (UNBK) Snapshot

Previous Close
Day High
Day Low
52 Week High
01/23/15 - 253.50
52 Week Low
05/8/15 - 129.75
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
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 scheduled 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, salary, and current accounts; recurring and fixed deposits; and demat and online trading accounts. It also provides various retail loans, including home, vehicle, personal, and education loans; loans against property; and loans for senior citizens, medical practitioners, pensioners, and salary account holders. In addition, the company offers online bill and tax payment services, and fund transfer services; ATM, remittance, Internet banking, mobile banking, and SMS banking services; debit, credit, gift, and payroll cards;; insurance and investment services, such as mutual funds, life and general insurances, and tax savings deposits; cheque collection services; and direct and indirect tax, pension and government deposit schemes, and government bonds. Further, it provides NRI deposits, loans, remittances, and investment services; export and import financing, remittance, online payment, ECGC cover, and treasury services; micro, small, and medium enterprises banking services, including credit, special schemes, channel financing, point of sale terminals, 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 services; and debt restructuring, loan syndication, structured finance, mergers and acquisition, and private equity services. It operates a network of 4078 branches; 3 foreign branches; and 7020 ATMs. The company was founded in 1919 and is headquartered in Mumbai, India.

35,514 Employees
Last Reported Date: 05/30/15
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

Union Bank of India Seeks Financing

Union Bank of India (BSE:532477) is planning to raise funds up to INR 37 billion. Union Bank have received shareholders approval to raise funds. Union Bank would look at raising the capital through a public share issue, or a rights issue, or even a private placement, among other options. Union Bank is looking for capital infusion from the government.

Union Bank of India, Annual General Meeting, Jun 26, 2015

Union Bank of India, Annual General Meeting, Jun 26, 2015., at 11:00 Indian Standard Time. Location: Rama & Sundri Watumull Auditorium. Agenda: To discuss, approve and adopt the balance sheet of the bank as at 31st march 2015, profit and loss account for the year ended on that date, the report of the board of directors on the working and activities of the bank for the period covered by the accounts and the auditor's report on the balance sheet and accounts; to declare dividend on equity shares for the financial year 2014-15; and to raise Capital through FPO/Rights/QIP etc.; to elect three directors.

Bank of India Seeks To Sell 18% Stake In Star Union To Japanese Partner

Bank of India Limited (BSE:532149) said that it is looking at selling 18% stake in Star Union Dai-ichi Life Insurance Company Limited to the Japanese partner to bring down its share to 30%. Star Union is a joint venture between Bank of India holds 48% stake, Union Bank of India (BSE:532477) holds 26% stake and The Dai-Ichi Life Insurance Company, Limited (TSE:8750) holds 26% stake. "We will bring down our stake from 48% to 30%. The valuation process is in progress," Vijaylaxmi Iyer, Chairperson and Managing Director of Bank of India told reporters. She said Dai-ichi which has 26% stake will increase it to 49%, while Union Bank will retain its stake at 26%. Iyer, however, did not give any timeline by when the process will get over. The company has filed an application with the Foreign Investment Promotion Board for hiking stake of the foreign partner from 26% to 49%. Edelweiss Tokio Life Insurance Company Limited said its foreign partner Tokio Marine Holdings Inc. (TSE:8766) will hike stake in Star Union Dai-ichi Life Insurance Company Limited to 49%.


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