United Bank of India is currently trading at Rs. 72.05, up by 0.60 points or 0.84% from its previous closing of Rs. 71.45 on the BSE.
The scrip opened at Rs. 71.25 and has touched a high and low of Rs. 72.40 and Rs. 70.75 respectively. So far 10580 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.10 on 06-Apr-2011 and a 52 week low of Rs. 45.55 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 73.90 and Rs. 69.15 respectively. The current market cap of the company is Rs. 2471.22 crore.
The promoters holding in the company stood at 85.48% while Institutions and Non-Institutions held 2.83% and 11.68% respectively.
United Bank of India has achieved 100% coverage of the unbanked villages allotted under Financial Inclusion Plan. Out of total 1843 villages allotted to the bank, the bank has opened physical branches in 35 villages (including two ultra small branches) and remaining 1808 villages have been covered through Business Correspondent model.
The bank has also opened 15 branches across the country on March 21, 2012. Out of these 12 branches are under Financial Inclusion Plan in the unbanked villages of West Bengal, Tripura and Assam where the bank has opened 9 branches, 2 branches and1 branch respectively. Besides, 3 other branches are opened at Imphal, Karur & Bangalore. With this, the bank has a total network of 1678 branches spread across the country.
These branches will extend all sorts of banking services and will further improve banking facilities in the unbanked villages / areas, particularly for inclusive growth, opening of NREGA accounts, Social Security Pension, more financing to Small & Marginal Farmers and SHGs for productive credits and self-employment, women empowerment, etc.
United Bank of India has emerged as a strong and efficient banking organisation over the years and plays an integral role in the socio-economic development of the Eastern and North-Eastern States of the country.
| Company Name | CMP |
|---|---|
| SBI | 1071.35 |
| PNB | 113.05 |
| Canara Bank | 141.80 |
| Bank Of Baroda | 278.50 |
| Union Bank Of India | 188.55 |
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