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Last 156.85 INR
Change Today -4.75 / -2.94%
Volume 6.4M
UNBK On Other Exchanges
Natl India
As of 7:06 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

union bank of india (UNBK) Snapshot

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Day High
Day Low
52 Week High
01/23/15 - 253.50
52 Week Low
05/8/15 - 129.75
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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 Appoints K Venkata Rama Moorthy as Executive Director

Union Bank of India has announced that the Central Government has roped in K Venkata Rama Moorthy as the new executive director of the lender for a period of three years and five months. The appointment was effective from August 24, 2015 up to January 31, 2019, which is the age of his retirement or until further orders. Prior to this appointment, Moorthy served at Bank of Baroda as its executive director.

Union Bank To Sell Bad Loans

Union Bank of India (BSE:532477), Corporation Bank and Bank of Maharashtra (BSE:532525) intends to sell bad loans of INR 27 billion to asset reconstruction companies in the current quarter. Union Bank Chairman and Managing Director Arun Tiwari said his bank is planning to "sell Rs 1,200 crore this quarter. In the first quarter, we had put on block Rs 900 crore, but could not get the right price. In the second quarter too, if only we get the right price we will go ahead."

Union Bank of India Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2015

Union Bank of India reported unaudited standalone earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported total income of INR 90,431.7 million against INR 85,475.6 million a year ago. Operating profit (before provisions and contingencies) was INR 14,881.9 million against INR 13,719.3 million a year ago. Profit from ordinary activities before tax was INR 8,457.8 million against INR 9,791.1 million a year ago. Net profit for the period was INR 5,187.8 million against INR 6,641.1 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 8.16 against INR 10.54 a year ago. Return on average assets for the first quarter 2016 increased to 0.55%, up by 8 bps over 0.47% in fourth quarter 2015. Return on equity was also increased by 11.02% from 9.70% in fourth quarter 2015.


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