Union Bank of India is currently trading at Rs. 173.75, up by 0.30 points or 0.17% from its previous closing of Rs. 173.45 on the BSE.
The scrip opened at Rs. 174.00 and has touched a high and low of Rs. 177.50 and Rs. 171.25 respectively. So far 162748 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 288.00 on 02-Jan-2013 and a 52 week low of Rs. 150.10 on 30-Aug-2012.
Last one week high and low of the scrip stood at Rs. 193.50 and Rs. 166.50 respectively. The current market cap of the company is Rs. 10294.70 crore.
The promoters holding in the company stood at 57.89%, while Institutions and Non-Institutions held 28.64% and 13.47% respectively.
Union Bank of India is planning to start kiosk banking in Kerala and will begin the process for the same in Ernakulam district. It has inked pact with Akshaya for making Akshaya kendras as banking kiosks. Through these kiosks, customers can open accounts, make remittances and withdrawals, transfer funds from one account to another.
With this initiative, the bank plans to provide extensive reach of banking services through these kiosks. The lead bank for Ernakulam and Idukkit has also rolled out direct benefit transfer in 11 districts of Kerala from July 1, 2013.
