Union Bank Share Price Target 2023
UNION BANK SHARE PRICE TARGET
| Year | Maximum Price | Minimum Price |
|---|---|---|
| 2023 | ₹116.81 | ₹89.86 |
| 2024 | ₹163.54 | ₹125.80 |
| 2025 | ₹198.38 | ₹115.12 |
| 2026 | ₹138.87 | ₹97.21 |
Nog 4 rijen
Contents
- 0.1 What is the prediction of Union Bank share?
- 0.2 Is Union Bank a good buy?
- 0.3 What is the share price target of Union Bank in 2024?
- 0.4 What is the dividend of Union Bank 2023?
- 1 Is Union Bank going to merge?
- 2 What is the target price of Indian Bank in 2025?
–
| When | Maximum Price | Minimum Price |
| July 2023 | ₹93.20 | ₹66.31 |
| August 2023 | ₹94.82 | ₹72.94 |
| September 2023 | ₹99.56 | ₹76.58 |
| October 2023 | ₹94.82 | ₹72.94 |
| November 2023 | ₹104.30 | ₹80.23 |
| December 2023 | ₹116.81 | ₹89.86 |
Every stock’s share price is influenced by a number of variables, including the company’s performance, industry-specific government legislation, the macroeconomic climate, investor attitude, etc. From everything mentioned above, we may conclude that the Union Bank of India has a bright future. We are optimistic about expansion because of the recent good financial results that Union Bank has been reporting. The income statement appears to be quite healthy and expanding. When compared to the same time last year, the bank saw a big increase. The income for December 2022 was INR 93.23 billion, an increase of 17.92% year over year.
Operating costs increased by 6.81% YoY to INR 57.46 billion over the period. Nonetheless, December 2022’s net income, which totaled INR 22.64 billion, climbed dramatically by 110.10% YoY. The bank’s net profit margin also significantly improved, rising from 24.28% to 78.14% YoY. Earnings per share for December 2022 were INR 3.28, representing an outstanding growth rate of 106.29% year over year.
The sales and the profit has increased the valuation of Union Bank. Current P/E is at the lowest compared to any other bank (including government backed) So for those who want to invest, tomorrow could be a good time.
View 5 reports from 1 analysts offering long term price targets for Union Bank of India. Union Bank of India has an average target of 95.00. The consensus estimate represents an upside of 7.95% from the last price of 88.00.
If you are looking for stocks with good return, Union Bank of India can be a profitable investment option. Union Bank of India quote is equal to 92.050 INR at 2023-07-28. Based on our forecasts, a long-term increase is expected, the ‘Union Bank Of India’ stock price prognosis for 2028-07-21 is 142.898 INR.
Is Union Bank a good buy?
As on 26th Jul 2023 UNIONBANK SHARE Price closed @ 91.00 and we RECOMMEND Strong Buy for LONG-TERM with Stoploss of 67.57 & Strong Buy for SHORT-TERM with Stoploss of 74.78 we also expect STOCK to react on Following IMPORTANT LEVELS.
UNION BANK SHARE PRICE TARGET
| Year | Maximum Price | Minimum Price |
|---|---|---|
| 2023 | ₹116.81 | ₹89.86 |
| 2024 | ₹163.54 | ₹125.80 |
| 2025 | ₹198.38 | ₹115.12 |
| 2026 | ₹138.87 | ₹97.21 |
How stable is Union Bank?
Fitch Upgrades MUFG Union Bank to ‘AA-‘/’F1+’ Following Acquisition by U.S. Bancorp. Fitch Ratings – New York – 01 Dec 2022: Fitch Ratings has upgraded MUFG Union Bank, National Association’s (MUB) Long- and Short-Term Issuer Default Ratings (IDR) to ‘AA-‘ from ‘A’ and ‘F1+’ from ‘F1’, respectively.
What is the dividend of Union Bank 2023?
For the year ending March 2023 Union Bank of India has declared an equity dividend of 30.00% amounting to Rs 3 per share. At the current share price of Rs 92.70 this results in a dividend yield of 3.24%.
Is Union Bank going to merge?
About Us –
About Union Bank of India Union Bank of India is one of the leading public sector banks of the country. The Bank is a listed entity and the Government of India holds 83.49 percent in Bank’s total share capital. The Bank, having its headquarters at Mumbai (India), was registered on November 11, 1919 as a limited company. Recently, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from 01.04.2020. Today, it has a network of 8500+ domestic branches, 10,800+ ATMs, 17,600+ BC Points serving over 155+ million customers with 75,500+ employees,The Bank’s total business as of 31 st March 2023 stood at Rs.19,27,621 crore, comprising Rs.11,17,716 crore of deposits and Rs.8,09,905 crore of advances as of 31 st March 2023. The Bank also has 3 branches overseas at Hong Kong, Dubai International Financial Centre (UAE) & Sydney (Australia); 1 representative office in Abu Dhabi (UAE); 1 banking subsidiary at London (UK); 1 banking joint venture in Malaysia; 4 para-banking subsidiaries (domestic); 2 joint ventures and 1 associate – Chaitanya Godavari Gramin Bank. Union Bank of India is the first large public sector bank in the country to have implemented 100% core banking solution. The Bank has received several awards and recognition for its prowess in technology, digital banking, financial inclusion, MSME and development of human resources. Union Bank of India has secured 1st rank as per the report on EASE reforms Index for Q3 FY 2022-23 published by Indian Banks Association (IBA). Enhanced Access and Service Excellence (EASE) is an initiative by the DFS (GOI) as part of PSB reforms agenda and currently under its fifth iteration which focuses on Enhanced Digital experience, Data – driven, Integrated and Inclusive Banking. Corporate and Registered Office : The registered as well as corporate headquarters of Union Bank of India is in the prestigious Nariman Point area of Mumbai, the commercial capital of India.
|
/td>
The First safe deposit vault was formally opened on 22 April 1939. At the time of Independence in 1947,Union Bank of India had 4 Branches. In 1964, Bank’s 100th Branch opened at Irinjalakuda in Kerala.3 Pvt sector Banks Perunbavoor Bank Ltd, Catholic Union Bank Ltd, Nadar Mercantile Bank Ltd were taken over. In 1969 when Bank was nationalized Mr F.K.F Nariman became its first custodian. In 1974 Bank was assigned 8 Lead districts – 4 in UP, 2 each in Kerala and MP for assisting rural development. In 1975 Belgaum Bank Limited, a private sector Bank was taken over by Union Bank of India adding as many as 40 Branches. In 1978 Bank became the first Nationalised Bank to publish Annual Report in Hindi. In 1982 Bank received Government’s National Award from President of India for outstanding export performance during 1979-80. In the post reforms era Bank doubled itself in business from 1993 to 1996. In 1999 Sikkim Bank Ltd with 8 Branches merged with the Bank. In 2002 Public Issue of 18 Crore shares oversubscribed by 5.22 times. Shares listed on BSE and NSE. In 2003 Bank was among the 1st Public Sector Banks to initiate Anytime and Anywhere Banking along with Telebanking. In 2004 the Bank was among the 7 new entrants to Forbes – 2000 list of world’s biggest and most powerful companies. In 2007 Bank opened record number of 56 new branches across the country in a single Day. Bank opened its first Bio-metric ATM. Bank opened India’s highest altitude ATM at 14300 ft in Serethang, Nathulla, Sikkim. In 2008 Bank became the 1st Large nationalized Bank to achieve 100 % CBS networking. Bank unveils new logo and launches re-branding initiative. U-Mobile Launched –Becomes 1st Public sector Bank to launch Mobile Banking Facility in 2008. In 2009 Bank sponsored Rewa Siddhi Gramin Bank becomes the first RRB in the country to achieve 100 % CBS connectivity. In 2012 Bank inaugurates First Talking ATM specially made for the benefit of visually challenged. In 2013 Bank opened record 111 branches on its foundation day 11.11.2013. In 2014 Bank opened 96 branches on its foundation day i.e 11.11.2014. In 2015 Bank launched its UK subsidiary in London.
Will Union Bank pay dividends?
Union Bank of India Dividend related ratios: Last dividend date: 06/05/2023. Current Dividend Yield: 5.57% Annual dividend payment: ₹4.90.
Conclusion: Can CANBK reach 1000INR? – In conclusion, Canara Bank is one of the oldest and largest banks in India and has a network of over 6,310 branches and 8850 ATMs across the country. The bank’s stock has seen highs and lows in recent years and is currently trading above Rs.300. Canara Bank is trading at a PE ratio of 4.9 while its Median PE for the last 5 years is 7.1. During July 2019, the highest PE ratio has been above 25. In that context, Canara bank shares is now undervalued. It could be a good time to add some Canara Bank to one’s portfolio.
- At the time of writing this article, I personally do not hold Canara Bank in my portfolio, but that may change in future.
- Disclaimer : Canara bank share price target 2023 to 2030 is an opinion and not a financial advice.
- You are advised to do your own research and/or consult a financial advisor before investing in Canara bank shares.
Author: Hello, I am Aryan. I am passionate about writing about topics ranging from cryptocurrency and blockchain to modern developing technologies such as ML, AI, IoT, etc. Also, the collaboration of Finance and Technology attracts me. : Canara Bank Share Price Target: 2023, 2024, 2025 to 2030: Can CANBK reach 1000INR?
Union Bank Of India share price target 2027 to 2030 – The target share price of Union Bank Of India for the years 2027, 2028, 2029, and 2030 will be ₹127, ₹152, ₹177, and ₹202 respectively. : Union Bank Of India Share Price Target – 2023, 2024, 2025, 2026 and 2030
Is it safe to use Union Bank?
UnionBank employs strict security features to ensure fast, reliable and safe mobile banking experience.
Union Bank of India Share Price Live on NSE/BSE | Union Bank of India Stock Price, Latest News, Analysis & Update Union Bank of India announced Q4FY23 & FY23 results:
The board of directors has recommended a dividend of Rs 3.00 per equity share (30%) for FY23 subject to requisite approvals. Strong financial performance: Net profit of the bank increased by 61.18% on a YoY basis during FY23. Net interest income of the bank grew by 17.92% on YoY basis during FY23 Bank continues to demonstrate a strong liability franchise: The CASA deposits have increased by 4.47% YoY. Bank now have a total deposits base of Rs 11,17,716 crore as on March 31, 2023 Business growth gaining momentum: Total business of the bank increased by 10.23% YoY, wherein gross advances increased by 13.05 % YoY & total deposit grew by 8.26% YoY. The bank has a total business of Rs 19,27,621 crore as on March 31, 2023 Credit in retail, agri and MSME (RAM) segments: RAM segment of the bank increased by 14.94 % YoY, where 17.19 % growth in retail, 14.20% growth in agriculture and 13.06% growth in MSME advances is achieved on a YoY basis. RAM advances as a percent of domestic advances stood at 55.61% Reduction in NPA: Gross NPA (%) reduced by 358 bps on a YoY basis to 7.53% and Net NPA (%) reduced by 198 bps on a YoY basis to 1.70% as on March 31, 2023 Improved capital ratios: CRAR improved from 14.52% as on March 31, 2022, to 16.04% as on March 31, 2023. CET1 ratio improved to 12.36% as on March 31, 2023, from 10.63% as on March 31, 2022
Equity Capital: 78,699.51 Cr FV: 10.00 Union Bank of India – Analysts/Institutional Investor Meet/Con. Call Updates Jul 27, 2023 l NSE Announcement Union Bank of India – Updates Jul 25, 2023 l NSE Announcement Union Bank of India – Analysts/Institutional Investor Meet/Con. Call Updates Jul 24, 2023 l NSE Announcement
| Date | Action Type | Ratio |
|---|---|---|
| Jul 28, 2023 | Dividend | 30 |
| Jun 22, 2022 | Dividend | 19 |
Description
Union Bank of India is one of largest state-owned banks in India. The bank also has international presence with 3 overseas branches at Hong Kong, DIFC (Dubai) and Sydney (Australia). In addition, the bank has representative offices at Shanghai, Beijing and Abu Dhabi. The bank also operates in United Kingdom through its wholly owned subsidiary, Union Bank of India (UK) Ltd. Union Bank of India`s portfolio of services include Retail Banking, Corporate/Wholesale Banking, Treasury Operations cash management services, merchant banking, depository services, online trading in securities and clearing bank services. Union Bank of India was originally incorporated on November 11, 1919 in Mumbai with the name `The Union Bank of India Ltd.` It was promoted by Seth Sitaram Poddar. In the year 1921, the Bank shifted their registered office to Mumbai Samachar Marg, Fort, Mumbai, which was inaugurated by Mahatma Gandhi. The Bank entered a growth phase in the 1960s and they aligned their activities in line with the national priorities. In July 19, 1969, the Bank was nationalised and the name of the Bank was changed to `Union Bank of India`. Pursuant to nationalization, the Bank sponsored four regional rural banks in 1972. In the year 1975, Belgaum Bank Ltd, a private sector bank was amalgamated with the Bank. In the year 2001, Staff Training College, Bangalore, the Bank`s staff college acquired ISO 9001 certification. In the year 2002, the Bank undertook their initial public offer of equity shares and the equity shares were subsequently listed on the BSE and NSE. They introduced a new scheme called `Union Express Remittance scheme` for providing service to NRI in West Asia. The Bank made a tie up with New India Insurance Company for market and distributed the products of New India Insurance Company on a commission basis. Also, they made a tie up with two IT companies to develop core-banking solutions. In the year 2003, the Bank launched Core Banking Solution providing `Anytime Anywhere Banking`. They launched 2 new schemes, namely NRI Foreign Currency Loans and Domestic Resident Foreign currency accounts for the benefit of NRI and FCNR (B) customers. The Bank signed an agreement with Corporation Bank to share their Cash Management System infrastructure. Also, they launched Union BillPay, a convenient utility bill payment service for their customers in association with Billdesk. During the year 2004, the Bank opened the new representative offices at Dubai (UAE) & Doha (Qatar). They made a tie up with HDFC Standard Life for providing bank depositors an insurance cover under group policy with a target to bring in 50,000 customers under risk cover. Also, they entered into a banc assurance tie-up with the Export Credit Guarantee Corporation Ltd (ECGC) for marketing the latter`s export credit insurance products. In April 7, 2004, the Bank made an agreement with SBI Life Insurance Co Ltd to make available to the Bank`s Home Loan borrowers` life insurance cover on group basis. They launched `Union Miles Scheme`, an exclusive two-wheeler finance scheme along with TVS Motor Company. They inaugurated their retail finance boutique at Ghatkopar (East) in Mumbai. During the year, the Bank was one of seven new Indian entrants to the Forbes 2000 list of the world`s biggest and most powerful companies. In the year 2005, the Bank launched Unioncard, which is international credit card and international debit card in association with VISA. They commenced clearing bank operations with the NSE and BSE for settlement of funds and securities obligations under Cash and Future and Options Segments. Also, they introduced Union White Card for dairy units. During the year 2004-05, the Bank opened 23 new branches, 14 new Extension Counter and upgraded 23 Extension Counters into full-fledged branches. They made a tie up with Principal PNB Asset Management Company for distribution of their mutual fund schemes. Also, a study by ASSOCHAM Eco Pulse identified the Bank as `number one in terms of return to investors` among banking stocks during fiscal 2005. During the year 2005-06, the Bank opened 31 new branches, 6 extension counters and upgraded 5 extension counters into full fledged branches. The Bank jointly with Dena Bank made a tie-up with Small Farmers Agri-business Consortium (SFAC). Also, they made a tie-up with LIC to unveil group insurance. During the year 2006-07, the Bank opened 124 branches including upgradation of 9 extension counters, mergers of 2 branches and conversion of one branch into Satellite Office. They launched the sale of gold coins of 99.99% purity in the denominations of 5 gm, 8 gm and 10 gm at competitive rates. The Bank and Bank of India joined hands with Infrastructure Development Finance Company Ltd for loan syndication. During the year, the Bank entered into a MoU with IL&FS Ltd to establish a platform for providing banking and custodial-cum-demat services to Foreign Institutional Investors investing in the Indian capital market. Also, they entered into an MoU with Bank of India and Dai-Ichi Mutual Life Insurance Company, a leading insurance company of Japan for floating a joint venture insurance company in India. During the year 2007-08, the Bank opened 155 branches, which included upgradation of 18 extension counters. They used alternate delivery channels such as ATMs, Internet Banking, Tele-Banking/ SMS banking as important tools to optimize the customer satisfaction. Also, they added 377 ATMs, taking the ATM network to 1,146 ATMs. During the year, the Bank launched SMS Banking for providing various types of account information to customers through their mobile phones. In May 18, 2007, they opened their first Representative Office at Shanghai, Peoples Republic of China. In December 1, 2007, they opened a representative office at Abu Dhabi, UAE. During the year 2008-09, the Bank opened 197 branches that included up-gradation of 48 extension counters and installed 644 ATMs. In May 7, 2008, the Bank opened their first full-fledged overseas branch in Hong Kong, which carries out normal commercial banking operations like acceptance of Deposits, Trade Finances, ECB and Syndicated loans. During the year, a State of the art 70-seater advanced call centre became operational at Technology Centre, Powai (Mumbai). They launched new transaction products such as `Prepaid Cards` (Gift and Power Pay cards), `Online NEFT` for funds transfer through Internet Banking in addition to `Online RTGS`, thereby adding to the existing array of products to meet customer needs. During Financial Year 2008-2009, the Bank launched Wealth Management Services for HNI clients through two service providers. Wealth Advisors Pvt. Ltd. is the Service Provider for the clients from South & North of India and Edelweiss Securities is the service provider for HNI clients from West & East of India. Also, they made a tie up with Emkay Securities for providing Online Trading Services to their valued clients. During the year 2009-10, the Bank opened 247 new branches & 536 ATMs taking the total to 2805 branches and 2327 ATMs. As part of their global expansion initiatives, the Bank opened two representative offices at Sydney in Australia and Beijing in China. Also, they opened one Currency Chest at Azamgarh during the year. During the year, the Bank forayed into acquiring business and started merchant enrollments across the country for installation of Point of Sale (POS) terminals accepting both VISA and MasterCard cards. Their JV Mutual Fund company `Union KBC Asset Management Company` received in-principle approval from SEBI and their product is likely to be launched during the financial year 2010-11. In April 1, 2010, the Bank opened a representative office in London. Also, they received approval from RBI for opening of branches at Shanghai (China) and Antwerp (Belgium) and representative offices at Johannesburg (South Africa) and Toronto (Canada). During the year 2010-11, the Bank opened 211 branches, taking the total number of domestic branches to 3,015 branches. Also, they opened a branch in Hong Kong. The Bank added 307 automated teller machines to their network and issued more than 1.65 million debit cards. During the year, the Bank received approval from the Reserve Bank of India for converting the representative office at Sydney into a branch and the representative office in London (UK) into a subsidiary. Also, the bank has approvals for opening a branch in Antwerp (Belgium) and representative offices at Johannesburg (South Africa) and Toronto (Canada). On 3 January 2011, Union Bank of India announced that it has crossed a total global business of Rs 3.2 lakh crore as at the end of December 2010, registering a growth of 24.45%. The Board of Directors of Union Bank of India at its meeting held on 5 March 2011 approved the issuance of up to 3.08 crore Equity Shares of face value of Rs.10/- each at a premium of Rs.344.94 aggregating up to Rs.1,096/- crore to Government of India on preferential basis. On 28 March 2011, Union Bank of India informed the stock exchanges that Securities and Exchange Board of India (Sebi) has issued Certificate of Registration to the subsidiary of Union Bank of India, `Union KBC Mutual Fund`, on 23 March 2011. Sebi has also granted its approval to the subsidiary of the bank `Union KBC Asset Management Company Private Limited` to act as the Asset Management Company to `Union KBC Mutual Fund`. On 31 March 2012, Union Bank of India informed the stock exchanges that the bank after receipt of an amount of Rs.650.30 crore from Life Insurance Corporation of India has allotted 2.62 crore Equity Shares of the face value of Rs.10/- each at a premium of Rs.238.05 to Life Insurance Corporation of India on preferential basis. On 22 April 2014, Union Bank of India acting through its Hong Kong branch successfully priced a USD 350 million Reg S senior unsecured notes drawdown from its USD 2 billion Medium-Term Note Program. Consequent to the receipt of capital funds from Government of India to the tune of Rs 1080 crore, Union Bank of India on 30 September 2015 issued and allotted 5.16 crore equity shares at an issue price of Rs 209.05 per equity share on preferential basis to Government of India. On 20 September 2016, Union Bank of India completed the acquisition of 49% shareholding of Union KBC Asset Management Company Private Limited and Union KBC Trustee Company Private Limited from KBC Participations Renta S.A. and its affiliates. As a result of the aforesaid acquisition, Union KBC Asset Management Company Private Limited and Union KBC Trustee Company Private Limited have become wholly owned subsidiaries of the bank. On 23 March 2017, Union Bank of India informed the stock exchanges that the bank has sold its entire stake of 5% (12.5 lakh shares) in TransUnion CIBIL Limited to TransUnion International Inc. (TUI). The deal was concluded on 22 March 2017 at the rate of Rs 1,525 per share for a total consideration of Rs 190.62 crore. On 4 August 2017, Union Bank of India issued and allotted 3.89 crore shares at issue price of Rs 138.76 per share on preferential basis to Government of India. On 14 December 2017, Union Bank of India announced that the offer of QIP was oversubscribed and the bank has issued 12.93 crore shares aggregating to Rs 2000 crore to Qualified Institutional Buyers. The shares were allotted on 14 December 2017. The investors include Asset Management Companies, Insurance Companies and Foreign Intuitional Investors. The amount raised shall augment the capital adequacy and help in business expansion of the bank. On 15 February 2018, Union Bank of India clarified to the stock exchanges that the bank through its foreign branches has been taking exposure with Punjab National Bank (PNB) as counter party under various Letters of Undertakings (LoU) issued through authenticated SWIFT message. The bank has also purchased some Buyers` Credit assets from Axis Bank through Risk Participation as a part of normal international business practice. The outstanding exposure related to the incident is approximately USD 300 million and the bank is fully secured by LoU/LC/other documents and fully confident to receive the payment. On 31 January 2018, Union Bank of India informed the stock exchanges that the bank has sold its entire stake of 10% (1.4 crore unlisted equity shares) in Experian Credit Information Company of India Private Limited on 30 January 2018. On 27 March 2018, Union Bank of India issued and allotted 31.28 crore equity shares at issue price of Rs 144.62 per share on preferential basis to Government of India. On 18 May 2018, Union Bank of India announced that Dai-Ichi Life Holdings Inc., Japan has invested in Union Asset Management Company Private Limited through Compulsory Convertible Preference Shares (CCPS) on 17 May 2018 after obtaining requisite regulatory approvals. Through this investment, Dai-Ichi Life Holdings Inc. holds 39.62% share capital in Union AMC and consequently, Union AMC is now co-sponsored by Union Bank of India and Dai-Ichi Life Holdings Inc., Japan. As per investment and CCPS subscription agreements, Dai-Ichi Life Holdings Inc. will have an option to convert the CCPS into equity after certain fixed period. During the fiscal 2018, total deposits increased to Rs 408502 crore as compared to Rs 378392 crore in the previous year with a annual growth of 8%. As on 31 March 2018, the bank had a distribution network of 4301 branches and 13049 ATMs & micro ATMs across the country. During FY2018, the Government of India infused a capital of Rs 4524 crore into the Bank and pursuant to this, the bank has allotted 31.28 crore equity shares of Rs 10 each at the price of Rs 144.62 per share to GOI. The bank also raised Rs 2000 crore through Qualified Institutional Placement(QIP) by allotting 12.93 equity shares of Rs 10 each at a price of Rs 154.65 per share. As on 31 March 2018, the bank has 3 subsidiaries, one joint venture and one associate company under its roof. During the fiscal 2019, total deposits increased to Rs 415915 crore as compared to Rs 408502 crore in the previous year with a annual growth of 1.8%. During FY2019, the Government of India infused a capital of Rs 4112 crore into the Bank and pursuant to this, the bank has allotted 52.16 crore equity shares of Rs 10 each at the price of Rs 78.84 per share to GOI. As on 31 March 2019, the bank has 4292 branches and 12236 ATMs & micro ATMs across the country. Initiating major reforms in the PSBs, a mega amalgamation exercise had been taken up in FY 2020. Accordingly, 10 PSBs have been amalgamated into 4 Banks. As part of this initiative, Andhra Bank and Corporation Bank have been amalgamated into Union Bank of India, w.e.f.01.04.2020, making the amalgamated entity, the 5th largest PSB in the country. The amalgamation exercise aims to reap the economies of scale from increased branch network, customer base and synergies on account of cost rationalization & technological assimilation. After amalgamation, Union Bank shall become stronger with more than 9500 Branches, 13300 plus ATMs. The Bank issued and allotted 165,98,02,538 equity shares on preferential basis to the Government of India, against the Capital infusion of Rs.11,768 crore at an issue price of Rs.70.90 per share (including a share premium of Rs.60.90 per share) on 30 November 2019. The shareholding of GoI now stands at 86.75% as on 31 March 2020. Post merger of Andhra Bank and Corporation Bank with UBI, as on 31 December 2020, the bank had a distribution network of 9590 branches and 12961 ATMs across the country. As on 31 December 2020, the bank has a strong network of 9590 domestic branches, 12961 ATMs and over 11700 BC points, serving over 120 million customers. Gross Advances stood at Rs.6,53,684 crore as on March 31, 2021. The global business of the Bank stood at Rs.15,77,490 crore as on March 31, 2021. Total Deposits increased to Rs.9,23,805 crore as on March 31, 2021. The Bank has a network of 9312 branches and 3 overseas branches in Hong Kong, Sydney, Dubai, 12,957 ATMs across 29 States and 5 Union Territories as on March 31, 2021. Out of these 56% of the branches are located in rural and semi-urban centers. As a part of mega consolidation of Public Sector Banks, Government of India vide gazette dated March 04, 2020 provided approval for amalgamation of Corporation Bank and Andhra Bank into Union Bank of India (Anchor Bank) and announced the said Amalgamation would be effective from April 01, 2020. The amalgamation have resulted in improving geographical penetration of Union Bank across the country. With the amalgamation, Union Bank became the 5th largest public sector Bank in terms of business with extensive network of offerings. The global business of the Bank stood at Rs.17,48,800 crore as on March 31, 2022. Total Deposits increased to Rs.10,32,392 crore and Gross Advances stood at Rs.7,16,408 crore as on March 31, 2022. The Bank has a network of 8870 branches and 3 overseas branches, 11,232 ATMs across 29 States and 5 Union Territories as on March 31, 2022. Out of these 57% of the branches are located in rural and semi-urban centers.
You can buy Union Bank of India shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Union Bank of India Share. Company share prices and volatile and keep changing according to the market conditions.
As of Jul 28, 2023 03:59 PM the closing price of Union Bank of India was ₹ 90.05. Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jul 28, 2023 03:59 PM, the market cap of Union Bank of India stood at ₹ 61,546.90.
The latest PE ratio of Union Bank of India as of Jul 28, 2023 03:59 PM is 6.04 The latest PB ratio of Union Bank of India as of Jul 28, 2023 03:59 PM is 1.23 The 52-week high of Union Bank of India is ₹ 96.40 while the 52-week low is ₹ 37.95 Download Our App : Union Bank of India Share Price Live on NSE/BSE | Union Bank of India Stock Price, Latest News, Analysis & Update
What is happening to Union Bank?
June 2, 2022. Reading Time: 3 mins read.1. TitanTrust Bank Limited has brought to closure the deal enabling it to purchase a controlling stake in Nigeria’s second-oldest lender, Union Bank of Nigeria, the latter said Thursday in a regulatory filing, almost half a year after an agreement was reached by both parties.
What is the upcoming dividend of Union Bank?
Union Bank of India is a dividend paying company with a current yield of 3.3% that is well covered by earnings. Next payment date is on 3rd September, 2023 with an ex-dividend date of 28th July, 2023.
What is the stock price of Union Bank in 52 week high low?
FAQs about Union Bank India share –
1. What’s the Union Bank India share price today? Union Bank India share price was Rs 90.05 as on 28 Jul, 2023, 03:59 PM IST. Union Bank India share price was down by 2.23% based on previous share price of Rs.91.0. In last 1 Month, Union Bank India share price moved up by 27.37%. 2. What is the market cap of Union Bank India? Union Bank India share has a market capitalization of Rs 62,948.02 Cr. Within Banks sector, it’s market cap rank is 9. 3. What is the recommendation for Union Bank India – Buy or Sell? As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 4 analysts for Union Bank India stock is to Buy. Recommendation breakup is as follows
2 analysts are recommending Strong Buy 2 analysts are recommending to Hold
4. Who are the peers for Union Bank India in Banks sector? Top 10 Peers for Union Bank India are IDBI Bank Ltd., Canara Bank, Punjab National Bank, Indian Overseas Bank, Indian Bank, UCO Bank, Bank of India, Central Bank of India, Bank of Maharashtra and Punjab & Sind Bank 5.
Stock’s PE is 6.03 Price to Book Ratio of 0.80 Dividend Yield of 3.33 EPS (trailing 12 month) of Union Bank India share is 14.92
7. Who’s the owner of Union Bank India?
Promoter holding has not changed in last 9 months and holds 83.49 stake as on 30 Jun 2023 Domestic Institutional Investors holding has gone up from 6.9 (30 Jun 2022) to 7.81 (30 Jun 2023) Foreign Institutional Investors holding has gone up from 1.13 (30 Jun 2022) to 1.46 (30 Jun 2023) Other investor holding have gone down from 8.48 (30 Jun 2022) to 7.24 (30 Jun 2023)
DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time).
- DISCLAIMER: Any and all content on this website including tools/analysis is provided to you only for convenience and on an “as-is, as- available” basis without representation and warranties of any kind.
- The content and any output of such tools/analysis is for informational purposes only and should not be relied upon or construed as an investment advice or guarantee for any specific performance/returns advice or considered as recommendation for the purchase or sale of any security or investment.
You are advised to exercise caution, discretion and independent judgment with regards to the same and seek advice from professionals and certified experts before taking any decisions. By using this site, you agree to the Terms of Service and Privacy Policy.
What is best stock to buy in 2023?
10 Best Growth Stocks to Buy for 2023
| Stock | Implied upside from July 21 close |
|---|---|
| Nvidia Corp. (NVDA) | 8.3% |
| Tesla Inc. (TSLA) | 25% |
| Meta Platforms Inc. (META) | 18.9% |
| Chevron Corp. (CVX) | 8.4% |
What is the dividend of Union Bank 2023?
For the year ending March 2023 Union Bank of India has declared an equity dividend of 30.00% amounting to Rs 3 per share. At the current share price of Rs 92.70 this results in a dividend yield of 3.24%.
What is the target price of Indian Bank in 2025?
– Maximum and minimum Indian bank share price target for 2030 is ₹1,330.96 and ₹1,901.38 respectively. Also read:
- Bank of India Share Price Target 2030
- Bank of Baroda Share Price Target 2025
- Bank of Maharashtra Share Price Target 2025
SBI Share Price Target 2030 – On 14 September 2022, State Bank of India became the third Company (after HDFC & ICICI ) and & 7th Indian company to cross the ₹ 5-trillion market capitalisation on the Indian stock exchanges for the first time.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹1525 | ₹1620 |
