Union Bank of India keen to acquire Bhartiya Mahila Bank: Report

Union Bank Of India | Bank - Public | BFSI | BSE: 532477 | NSE: UNIONBANK

04 Dec 2015 Evaluate

Union Bank of India is reportedly keen to acquire Bhartiya Mahila Bank. Currently, talks are ongoing with the Finance Ministry officials for the said acquisition.

The bank has reported a rise of 77.24% in its net profit Rs 658.16 crore for the quarter ended September 30, 2015 as compared to net profit of Rs 371.34 crore for the same quarter in the previous year. Total income increased by 3.95% at Rs 9100.90 crore for quarter under review as compared to Rs 8754.69 crore for the quarter ended September 30, 2014.

Peers

Company Name	CMP
State Bank Of India	978.50
PNB	117.05
Bank Of Baroda	234.55
Canara Bank	125.90
Union Bank Of India	179.25
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