Union Bank of India is currently trading at Rs. 143.30, up by 3.05 points or 2.17% from its previous closing of Rs. 140.25 on the BSE.
The scrip opened at Rs. 140.95 and has touched a high and low of Rs. 145.90 and Rs. 134.25 respectively. So far 726189 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 259.60 on 09-Jun-2014 and a 52 week low of Rs. 129.80 on 08-May-2015.
Last one week high and low of the scrip stood at Rs. 148.40 and Rs. 129.80 respectively. The current market cap of the company is Rs. 8598.91 crore.
The promoters holding in the company stood at 60.47% while Institutions and Non-Institutions held 26.85% and 12.68% respectively.
Union Bank of India (UBI) has partnered with Star Union Dai-ichi Life Insurance and New India Assurance for providing life and accidental death Insurance policies respectively to its account-holders under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMJJBY) schemes. These two schemes are part of announcements made in the Union Budget 2015-16.
Both products offer sum assured of Rs 2 lakh each to accountholders in the age-group of 18-50 years. The annual premium for the life cover amounts to Rs 330, while the accidental death cover will cost Rs 12 per year. The premium amount will be directly debited from customers' savings accounts once they opt for it.
