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United Bank of India shines on inking MOU with Tata Power Solar

22 Mar 2013 Evaluate

United Bank of India is currently trading at Rs55.00, up by 0.55 points or 1.01% from its previous closing of Rs 54.45 on the BSE.

The scrip opened at Rs 54.05 and has touched a high and low of Rs 55.00 and Rs 52.95 respectively. So far 15862 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 63.85 and Rs 54.00 respectively. The current market cap of the company is Rs 2019.67 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 entered into a Memorandum of Understanding (MOU) with Tata Power Solar to ensure hassle free credit flow to boost the Non-renewable energy Sector at the Micro Level. By this bonding both the Institutions will work to leverage each others’ strengths. Tata Power will leverage the vast Branch Network of the Bank in the eastern part of the Country to make easy finance available to the purchaser of the off grid Solar Home Lighting or Water Heating System and the Bank will utilize the Tata Power outlets to increase its reach in the Households who are deprived of adequate electricity. The MoU was signed on March, 20 2013 in a simple function in Kolkata.

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.

United Bank-Amalgama Share Price

8.02 0.00 (0.00%)
20-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1068.50
PNB 114.25
Canara Bank 141.55
Bank Of Baroda 279.90
Union Bank Of India 188.50
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