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Union Bank of India trades higher on the bourses

17 Oct 2017 Evaluate

Union Bank of India is currently trading at Rs. 128.70, up by 1.65 points or 1.30% from its previous closing of Rs. 127.05 on the BSE.

The scrip opened at Rs. 126.00 and has touched a high and low of Rs. 128.75 and Rs. 126.00 respectively. So far 56869 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 205.00 on 05-May-2017 and a 52 week low of Rs. 116.25 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 132.95 and Rs. 123.80 respectively. The current market cap of the company is Rs. 9269.24 crore.

The promoters holding in the company stood at 65.40%, while institutions and non-institutions held 23.88% and 10.71% respectively.

Union Bank of India has launched an Android app -- Union Sahyog -- as part of its drive to digitise customer-facing banking services. The Union Sahyog app is bilingual -- offering both English and Hindi language -- and packs in all mobile-based banking applications, missed call/SMS-based services, Internet banking login and self-user creation, deposit and loan product information, online account opening, online loan application, online complaints and even RTI.

It also offers extras such as branch locator, EMI calculator, social media links and digital banking information. Union Sahyog is currently available for download on the Google Play Store. An iOS version is in the works.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.

Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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