United Bank of India is currently trading at Rs 63.50, up by 1.05 points or 1.68% from its previous closing of Rs 62.45 on the BSE.
The scrip opened at Rs 63.40 and has touched a high and low of Rs 64.40 and Rs 63.25 respectively. So far 4296 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 84.95 on 07-Jan-2013 and a 52 week low of Rs 49.75 on 31-Aug-2012.
Last one week high and low of the scrip stood at Rs 64.05 and Rs 58.50 respectively. The current market cap of the company is Rs 2292.34 crore.
The promoters holding in the company stood at 81.56 % while Institutions and Non-Institutions held 7.36 % and 11.08 % respectively.
United Bank of India has entered into a memorandum of understanding (MoU) with Small Industries Development Bank of India (SIDBI) for providing easier credit to micro, small and medium enterprises (MSMEs). MoU was inked on March 05, 2013 in a simple function in Kolkata.
The loans would be provided to the MSMEs under the programme for facilitating enterprise loans. As per the MoU, SIDBI's role would be of a facilitator of the small and medium enterprises by sponsoring investment proposals on behalf of UBI. United Bank of India would look at the credit linkage part.
United Bank of India has emerged as a strong and efficient banking organization over the years and plays an integral role in the socio-economic development of the Eastern and North-Eastern States of the country. The bank at present has a strong presence with its total 1678 branches and 800 ATMs spread across the country.
| Company Name | CMP |
|---|---|
| SBI | 1071.35 |
| PNB | 114.10 |
| Canara Bank | 141.90 |
| Bank Of Baroda | 280.45 |
| Union Bank Of India | 187.65 |
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