SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

United Bank of India gains on inking pact with Hindustan Motor

20 Sep 2012 Evaluate

United Bank of India The scrip is currently trading at Rs. 64.60, up by 0.30 points or 0.47% from its previous closing of Rs. 64.30 on the BSE.

The scrip opened at Rs. 65.00 and has touched a high and low of Rs. 66.70 and Rs. 62.60 respectively. So far 173907 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 87.15 on 17-Feb-2012 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. 66.70 and Rs. 53.50 respectively. The current market cap of the company is Rs. 2263.46 crore.

The promoters holding in the company stood at 81.56% while Institutions and Non-Institutions held 7.04% and 11.40% respectively.

Public sector lender United Bank of India (UBI) has inked a memorandum of understanding (MoU) with Ambassador car-maker Hindustan Motors to finance the buyers of the latter's vehicles. This MoU would facilitate the bank to finance the replacement of over 15-year-old taxis, a segment dominated by Hindustan Motors.

Further the tie up entails collateral-free loan up to Rs 10 lakh and other preferential services exclusively for HM customers from Kolkata-based bank. Recently, United Bank of India trimmed its interest rates payable by 0.75% to 2.75% on medium and small loans above Rs 1 crore with effect from September 10, 2012.

United Bank-Amalgama Share Price

8.02 0.00 (0.00%)
20-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1067.50
PNB 113.50
Canara Bank 141.05
Bank Of Baroda 279.20
Union Bank Of India 188.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×