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United Bank of India gains on opening 50 more branches in Assam

United Bank of India - (Amalgamated) | Bank - Public | BFSI | BSE: 533171 | NSE: UNITEDBNK

23 Dec 2013 Evaluate

United Bank of India is currently trading at Rs. 31.60, up by 0.50 points or 1.61 % from its previous closing of Rs. 31.10 on the BSE.

The scrip opened at Rs. 31.50 and has touched a high and low of Rs. 31.85 and Rs. 31.30 respectively. So far 44938 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. 27.40 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 32.40 and Rs. 30.95 respectively. The current market cap of the company is Rs. 1187.82 crore.

The promoters holding in the company stood at 82.23 % while Institutions and Non-Institutions held 9.20 % and 8.57 % respectively.

Public sector lender, United Bank of India has reportedly opened 50 branches in Assam. The branches were inaugurated by Chief Minister Tarun Gogoi. With this, the bank now has 244 branches in the Assam. Among the 50 branches opened, Guwahati region will get 16, followed by Nagaon region 13, Dibrugarh region 9, Cachar region 8 and Sivasagar region 4. Further, the bank is planning to six more branches in the region to take its branch tally there to 250. The bank is also planning to open one more regional office at Tezpur.

United Bank of India reported a net loss of Rs 489.47 crore for the second quarter ended September 30, 2013 as compared to a net profit of Rs 144.63 crore for the same quarter in the previous year. However, total income of the bank increased by 13.60% at Rs 2876.77 crore for quarter under review as compared to Rs 2532.39 crore for the quarter ended September 30, 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	1063.20
PNB	110.75
Canara Bank	138.90
Bank Of Baroda	275.85
Union Bank Of India	184.70
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United Bank of India gains on opening 50 more branches in Assam

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