Union Bank of India is currently trading at Rs. 217.00, up by 3.65 points or 1.71% from its previous closing of Rs. 213.35 on the BSE.
The scrip opened at Rs. 212.00 and has touched a high and low of Rs. 218.00 and Rs. 209.55 respectively. So far 33,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 382.40 on 02-Dec-2010 and a 52 week low of Rs. 197.25 on 18-Nov-2011.
Last one week high and low of the scrip stood at Rs. 218.00 and Rs. 200.20 respectively. The current market cap of the company is Rs. 11,378.00 crore.
The promoters holding in the company stood at 57.07% while Institutions and Non-Institutions held 26.63% and 16.31% respectively.
Union Bank of India has revised its benchmark prime lending rate (BPLR) by 50 basis points (bps) from 15.00% per annum to 15.50% per annum. The revised rate in BPLR will be effective from November 28, 2011.
The hike in BLPR reflects tight monetary conditions and is in line with the hike in key interest rate by Reserve Bank of India (RBI) and also in line with peers in the lending industry.
The Bank’s net profit for the quarter increased by 16.19% at Rs 352.52 crore as compared to Rs 303.39 crore for the quarter ended September 30, 2010. Bank’s total Income rose by 25.76% at Rs 5611.37 crore for the second quarter of the current fiscal from Rs 4461.88 crore for the corresponding quarter of the previous fiscal.
The bank’s Gross NPA has gone up at 3.49% for the quarter under review whereas the same was at Rs 2.79% for the September quarter of the previous Fiscal.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
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