UNIONBANK
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Recent events
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Fitch Affirms Union Bank Of India At 'BBB‐'/Stable; Upgrades Viability Rating To 'BB'
Feb 25 (Reuters) -
FITCH: AFFIRMS UNION BANK OF INDIA AT 'BBB‐'/STABLE; UPGRADES VIABILITY RATING TO 'BB'
Further company coverage: UNBK.NS
(([email protected];;))
Feb 25 (Reuters) -
FITCH: AFFIRMS UNION BANK OF INDIA AT 'BBB‐'/STABLE; UPGRADES VIABILITY RATING TO 'BB'
Further company coverage: UNBK.NS
(([email protected];;))
Union Bank Of India Says AIBEA And BEFI Served Notice Of One Day Strike On 12Th February
Feb 11 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - AIBEA AND BEFI SERVED NOTICE OF ONE DAY STRIKE ON 12TH FEBRUARY
Source text: ID:nBSEbB1HsD
Further company coverage: UNBK.NS
(([email protected];))
Feb 11 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - AIBEA AND BEFI SERVED NOTICE OF ONE DAY STRIKE ON 12TH FEBRUARY
Source text: ID:nBSEbB1HsD
Further company coverage: UNBK.NS
(([email protected];))
Union Bank Of India Names Dhirendra Jain As CFO
Jan 29 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - DHIRENDRA JAIN HAS BEEN APPOINTED AS CFO
Source text: ID:nNSE36gC5T
Further company coverage: UNBK.NS
(([email protected];))
Jan 29 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - DHIRENDRA JAIN HAS BEEN APPOINTED AS CFO
Source text: ID:nNSE36gC5T
Further company coverage: UNBK.NS
(([email protected];))
Union Bank Of India Q3 NIM At 2.76%
Jan 14 (Reuters) - Union Bank of India Ltd UNBK.NS:
Q3 NIM AT 2.76%
Source text: ID:nnAZN4RYHRE
Further company coverage: UNBK.NS
(([email protected];))
Jan 14 (Reuters) - Union Bank of India Ltd UNBK.NS:
Q3 NIM AT 2.76%
Source text: ID:nnAZN4RYHRE
Further company coverage: UNBK.NS
(([email protected];))
Union Bank of India extends gains on reporting healthy Q3 loan, deposit growth
** Union Bank of India UNBK.NS climbs 2.7% to 166.70 rupees; top gainer among state-owned banks .NIFTYPSU
** Stock gained 6.3% across two sessions after reporting healthy loans, deposit growth for quarter ending December 31
** Nifty PSU Bank .NIFTYPSU index up 1%
** Stock rated "buy" on average, same as state-owned peers, per data compiled by LSEG
** UNBK rose ~28% in 2025, but trailed NIFTYPSU's 30% climb
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Union Bank of India UNBK.NS climbs 2.7% to 166.70 rupees; top gainer among state-owned banks .NIFTYPSU
** Stock gained 6.3% across two sessions after reporting healthy loans, deposit growth for quarter ending December 31
** Nifty PSU Bank .NIFTYPSU index up 1%
** Stock rated "buy" on average, same as state-owned peers, per data compiled by LSEG
** UNBK rose ~28% in 2025, but trailed NIFTYPSU's 30% climb
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Union Bank Of India Total Gross Advances (Global) Grew 7.13% YoY As Of December 31
Jan 2 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - TOTAL GROSS ADVANCES GLOBAL GREW 7.13% YOY AS OF DECEMBER 31
UNION BANK OF INDIA - DEPOSITS (GLOBAL) GREW 3.36% YOY AS OF DEC 31
Further company coverage: UNBK.NS
(([email protected];))
Jan 2 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - TOTAL GROSS ADVANCES GLOBAL GREW 7.13% YOY AS OF DECEMBER 31
UNION BANK OF INDIA - DEPOSITS (GLOBAL) GREW 3.36% YOY AS OF DEC 31
Further company coverage: UNBK.NS
(([email protected];))
India's top government banks raise state bond investment limits, sources say
By Dharamraj Dhutia
MUMBAI, Oct 3 (Reuters) - At least four major state-owned Indian banks have increased their internal limits for investing in state bonds following discussions with the Reserve Bank of India last month, according to five treasury officials aware of the decisions.
Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS and Union Bank of India UNBK.NS - among India's top five government-owned lenders by assets - have raised their investment caps by 5 to 20 percentage points, the sources said.
"Most of the top five-six banks barring one have raised the internal cap that they had set for taking exposure to state debt in treasury books after a round of consultations and meetings with the central bank," one of the officials said.
The sources requested anonymity as they are not authorised to speak to media. The banks did not respond to emailed queries.
Indian banks, including both private and public sector entities, are significant buyers of state-issued bonds, collectively holding nearly 36% of states' debt as of June, according to regulatory data.
BORROWING COST RELIEF
Indian states are projected to raise a record 12 trillion rupees ($135.2 billion) through bond issuances in the current financial year, with 7 trillion rupees expected between October and March.
Reduced buying by banks, insurers, and pension funds had driven yields on state bonds higher by 40 to 70 basis points during the three months ending September, with several auctions undersubscribed.
Market participants now anticipate improved bank participation at auctions, which could ease yields. Banks had also sought changes to the auction process to mitigate mark-to-market losses on their portfolios.
($1 = 88.7600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, Oct 3 (Reuters) - At least four major state-owned Indian banks have increased their internal limits for investing in state bonds following discussions with the Reserve Bank of India last month, according to five treasury officials aware of the decisions.
Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS and Union Bank of India UNBK.NS - among India's top five government-owned lenders by assets - have raised their investment caps by 5 to 20 percentage points, the sources said.
"Most of the top five-six banks barring one have raised the internal cap that they had set for taking exposure to state debt in treasury books after a round of consultations and meetings with the central bank," one of the officials said.
The sources requested anonymity as they are not authorised to speak to media. The banks did not respond to emailed queries.
Indian banks, including both private and public sector entities, are significant buyers of state-issued bonds, collectively holding nearly 36% of states' debt as of June, according to regulatory data.
BORROWING COST RELIEF
Indian states are projected to raise a record 12 trillion rupees ($135.2 billion) through bond issuances in the current financial year, with 7 trillion rupees expected between October and March.
Reduced buying by banks, insurers, and pension funds had driven yields on state bonds higher by 40 to 70 basis points during the three months ending September, with several auctions undersubscribed.
Market participants now anticipate improved bank participation at auctions, which could ease yields. Banks had also sought changes to the auction process to mitigate mark-to-market losses on their portfolios.
($1 = 88.7600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
(([email protected];))
Indian Government Approves Appointment Of Asheesh Pandey As Union Bank Of India MD & CEO For 3 Years
Sept 30 (Reuters) - Union Bank of India Ltd UNBK.NS:
INDIAN GOVERNMENT APPROVES APPOINTMENT OF ASHEESH PANDEY AS UNION BANK OF INDIA MD & CEO FOR 3 YEARS - NOTIFICATION
Further company coverage: UNBK.NS
(([email protected];;))
Sept 30 (Reuters) - Union Bank of India Ltd UNBK.NS:
INDIAN GOVERNMENT APPROVES APPOINTMENT OF ASHEESH PANDEY AS UNION BANK OF INDIA MD & CEO FOR 3 YEARS - NOTIFICATION
Further company coverage: UNBK.NS
(([email protected];;))
Union Bank Of India Says Reserve Bank Of India Imposed Penalty Of 102,950 Rupees On Bank
Sept 26 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - RESERVE BANK OF INDIA IMPOSED PENALTY OF 102,950 RUPEES ON BANK
Source text: ID:nnAZN4KUQ3W
Further company coverage: UNBK.NS
(([email protected];))
Sept 26 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - RESERVE BANK OF INDIA IMPOSED PENALTY OF 102,950 RUPEES ON BANK
Source text: ID:nnAZN4KUQ3W
Further company coverage: UNBK.NS
(([email protected];))
MTNL Says Default In Payment Of Principal & Interest Of Banks
Aug 18 (Reuters) - Mahanagar Telephone Nigam Ltd MTNL.NS:
DEFAULT IN PAYMENT OF PRINCIPAL & INTEREST OF BANKS BY MTNL
PRINCIPAL OVERDUE AT 18.73 BILLION RUPEES, INTEREST OVERDUE AT 8.65 BILLION RUPEES
TOTAL OUTSTANDING BORROWINGS FROM BANKS, FINANCIAL INSTITUTIONS AT 86.59 BILLION RUPEES
Source text: ID:nBSE9yF4FP
Further company coverage: MTNL.NS
(([email protected];;))
Aug 18 (Reuters) - Mahanagar Telephone Nigam Ltd MTNL.NS:
DEFAULT IN PAYMENT OF PRINCIPAL & INTEREST OF BANKS BY MTNL
PRINCIPAL OVERDUE AT 18.73 BILLION RUPEES, INTEREST OVERDUE AT 8.65 BILLION RUPEES
TOTAL OUTSTANDING BORROWINGS FROM BANKS, FINANCIAL INSTITUTIONS AT 86.59 BILLION RUPEES
Source text: ID:nBSE9yF4FP
Further company coverage: MTNL.NS
(([email protected];;))
India to issue climate risk disclosure rules for banks in the next few months, sources say
India's central bank to mandate climate risk disclosures by fiscal year 2027-28
Banks to conduct stress tests for climate impact on borrowers
RBI's move follows India's draft framework for climate-friendly investments
By Ashwin Manikandan
July 18 (Reuters) - India's central bank is close to finalising rules for banks and financial institutions to disclose and manage risks from climate change, three sources aware of the matter said.
The move runs counter to several top global banks including JP Morgan, Citibank, Morgan Stanley and HSBC, which have decided to scale back their climate commitments with the re-election of climate-sceptic U.S. President Donald Trump being seen as a trigger.
Getting a better idea of how, and to what extent, money is flowing to green investments is a central part of global efforts to move to a low-carbon economy, with countries from the UK to Japan making such disclosures mandatory.
The Indian central bank's norms, which have been in the works since 2022, are expected to ask banks and financial institutions to make regular disclosures about climate-related risks in their loan portfolios along with mitigation strategies and targets, the sources said.
The disclosures are likely to be on a voluntary basis from fiscal year 2027 and then mandatory from fiscal year 2028. India's financial year runs from April till March.
Banks will also be asked to conduct periodic stress tests to gauge the impact of adverse climate events such as floods, heatwaves and cyclones on borrowers and the economy, based on a guidance note which the central bank is also likely to issue soon, the sources added.
All three sources requested anonymity as they are not authorised to speak with media.
The RBI did not respond to an email from Reuters.
The central bank's decision to move forward with the rules has not been previously reported.
The Reserve Bank of India has previously recognised climate change as a source of major financial concern, and released a draft standard disclosure framework in February 2024 for public feedback.
“The signal from the central bank based on recent meetings is that the detailed norms are almost finalised and are expected very soon,” the first source said.
Many banks have already started collating data and setting targets to meet the disclosure standards, the source said.
Some large banks have put out tenders to bring in climate consultants to help them with the disclosures, according to public documents.
ASSESSING BORROWERS FOR CLIMATE RISK
The RBI's decision to move ahead with climate disclosures for its banks comes soon after India released a draft framework aimed at facilitating a greater flow of resources to climate-friendly sectors.
India is also gearing up to publish a new national emissions-reduction target ahead of the next round of global climate talks in Brazil in November.
India, the world's third largest polluter behind China and the United States, currently aims to achieve a net zero emissions target by 2070.
As part of the central bank's climate disclosure rules, banks will be required to calculate gross emissions of borrowers and disclose this information by asset classes and industries, according to the draft norms.
Such disclosures are expected to be included in their financial statements.
Separately, the central bank has also shared a 52-page draft note with large banks, a copy of which Reuters has reviewed, prescribing a methodology to forecast and analyse the impact of adverse climate events as well as transition risks on borrowers' ability to repay loans.
The transition risks are those which emerge from the changing consumer behaviour, policy and technology changes, as the world moves towards a low-carbon economy, as per the note.
While banks are preparing to disclose climate risk embedded in their loan portfolios, they do not expect these disclosures to impact loan pricing in the short term.
"As of now we don't have enough granular data to reliably price in these risks in our portfolios, but the long-term approach could be in that direction," said the second source, who is a banker at a state-owned lender.
(Reporting by Ashwin Manikandan; Editing by Ira Dugal and Kim Coghill)
(([email protected];))
India's central bank to mandate climate risk disclosures by fiscal year 2027-28
Banks to conduct stress tests for climate impact on borrowers
RBI's move follows India's draft framework for climate-friendly investments
By Ashwin Manikandan
July 18 (Reuters) - India's central bank is close to finalising rules for banks and financial institutions to disclose and manage risks from climate change, three sources aware of the matter said.
The move runs counter to several top global banks including JP Morgan, Citibank, Morgan Stanley and HSBC, which have decided to scale back their climate commitments with the re-election of climate-sceptic U.S. President Donald Trump being seen as a trigger.
Getting a better idea of how, and to what extent, money is flowing to green investments is a central part of global efforts to move to a low-carbon economy, with countries from the UK to Japan making such disclosures mandatory.
The Indian central bank's norms, which have been in the works since 2022, are expected to ask banks and financial institutions to make regular disclosures about climate-related risks in their loan portfolios along with mitigation strategies and targets, the sources said.
The disclosures are likely to be on a voluntary basis from fiscal year 2027 and then mandatory from fiscal year 2028. India's financial year runs from April till March.
Banks will also be asked to conduct periodic stress tests to gauge the impact of adverse climate events such as floods, heatwaves and cyclones on borrowers and the economy, based on a guidance note which the central bank is also likely to issue soon, the sources added.
All three sources requested anonymity as they are not authorised to speak with media.
The RBI did not respond to an email from Reuters.
The central bank's decision to move forward with the rules has not been previously reported.
The Reserve Bank of India has previously recognised climate change as a source of major financial concern, and released a draft standard disclosure framework in February 2024 for public feedback.
“The signal from the central bank based on recent meetings is that the detailed norms are almost finalised and are expected very soon,” the first source said.
Many banks have already started collating data and setting targets to meet the disclosure standards, the source said.
Some large banks have put out tenders to bring in climate consultants to help them with the disclosures, according to public documents.
ASSESSING BORROWERS FOR CLIMATE RISK
The RBI's decision to move ahead with climate disclosures for its banks comes soon after India released a draft framework aimed at facilitating a greater flow of resources to climate-friendly sectors.
India is also gearing up to publish a new national emissions-reduction target ahead of the next round of global climate talks in Brazil in November.
India, the world's third largest polluter behind China and the United States, currently aims to achieve a net zero emissions target by 2070.
As part of the central bank's climate disclosure rules, banks will be required to calculate gross emissions of borrowers and disclose this information by asset classes and industries, according to the draft norms.
Such disclosures are expected to be included in their financial statements.
Separately, the central bank has also shared a 52-page draft note with large banks, a copy of which Reuters has reviewed, prescribing a methodology to forecast and analyse the impact of adverse climate events as well as transition risks on borrowers' ability to repay loans.
The transition risks are those which emerge from the changing consumer behaviour, policy and technology changes, as the world moves towards a low-carbon economy, as per the note.
While banks are preparing to disclose climate risk embedded in their loan portfolios, they do not expect these disclosures to impact loan pricing in the short term.
"As of now we don't have enough granular data to reliably price in these risks in our portfolios, but the long-term approach could be in that direction," said the second source, who is a banker at a state-owned lender.
(Reporting by Ashwin Manikandan; Editing by Ira Dugal and Kim Coghill)
(([email protected];))
India's MTNL defaults on $1 billion of loans from seven public sector banks
BENGALURU, July 15 (Reuters) - India's Mahanagar Telephone Nigam MTNL.NS has defaulted on loans totaling 85.85 billion rupees ($1 billion), the public-sector telecom firm said on Tuesday.
The loans were made by seven public sector, with Union Bank of India UNBK.NS and Indian Overseas Bank IOBK.NS having the biggest exposure, MTNL said in an exchange filing.
($1 = 85.8860 Indian rupees)
(Reporting by Nishit Navin; Editing by Anil D'Silva)
(([email protected];))
BENGALURU, July 15 (Reuters) - India's Mahanagar Telephone Nigam MTNL.NS has defaulted on loans totaling 85.85 billion rupees ($1 billion), the public-sector telecom firm said on Tuesday.
The loans were made by seven public sector, with Union Bank of India UNBK.NS and Indian Overseas Bank IOBK.NS having the biggest exposure, MTNL said in an exchange filing.
($1 = 85.8860 Indian rupees)
(Reporting by Nishit Navin; Editing by Anil D'Silva)
(([email protected];))
Union Bank of India falls on weak credit growth in June quarter
** Union Bank of India UNBK.NS slips 4.5% to 143.51 rupees, on course for third consecutive session of losses
** Lender's domestic deposits up 3.6% y/y in Q1, while domestic advances up 6.8%
** SBICAPS Securities says lender's business update was weak and showed signs of slowdown in credit growth, inline with other peers in the industry
** YTD, UNBK up 19%, compared to 8.6% gains in Nifty PSU Bank index NIFTYPSU
(Reporting by Vivek Kumar M)
(([email protected];))
** Union Bank of India UNBK.NS slips 4.5% to 143.51 rupees, on course for third consecutive session of losses
** Lender's domestic deposits up 3.6% y/y in Q1, while domestic advances up 6.8%
** SBICAPS Securities says lender's business update was weak and showed signs of slowdown in credit growth, inline with other peers in the industry
** YTD, UNBK up 19%, compared to 8.6% gains in Nifty PSU Bank index NIFTYPSU
(Reporting by Vivek Kumar M)
(([email protected];))
Union Bank Of India Domestic Retail Advances Grew By 25.6% Y/Y As Of June 30
July 8 (Reuters) - Union Bank of India Ltd UNBK.NS:
DOMESTIC RETAIL ADVANCES GREW BY 25.6% Y/Y AS OF JUNE 30
DOMESTIC DEPOSITS GREW 3.62% Y/Y AS OF JUNE 30
Source text: ID:nNSEc8ld16
Further company coverage: UNBK.NS
(([email protected];;))
July 8 (Reuters) - Union Bank of India Ltd UNBK.NS:
DOMESTIC RETAIL ADVANCES GREW BY 25.6% Y/Y AS OF JUNE 30
DOMESTIC DEPOSITS GREW 3.62% Y/Y AS OF JUNE 30
Source text: ID:nNSEc8ld16
Further company coverage: UNBK.NS
(([email protected];;))
Union Bank Of India Q4 Net Profit 49.85 Billion Rupees
May 8 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA Q4 NET PROFIT 49.85 BILLION RUPEES
UNION BANK OF INDIA Q4 GROSS NPA 3.6%
UNION BANK OF INDIA Q4 INTEREST EARNED 276.95 BILLION RUPEES
UNION BANK OF INDIA Q4 PROVISIONS AND CONTINGENCIES 15.44 BILLION RUPEES
Source text: [ID:]
Further company coverage: UNBK.NS
(([email protected];))
May 8 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA Q4 NET PROFIT 49.85 BILLION RUPEES
UNION BANK OF INDIA Q4 GROSS NPA 3.6%
UNION BANK OF INDIA Q4 INTEREST EARNED 276.95 BILLION RUPEES
UNION BANK OF INDIA Q4 PROVISIONS AND CONTINGENCIES 15.44 BILLION RUPEES
Source text: [ID:]
Further company coverage: UNBK.NS
(([email protected];))
Union Bank Of India Says RBI Imposes Penalty Of 120,000 Rupees
April 22 (Reuters) - Union Bank of India Ltd UNBK.NS:
RBI IMPOSES PENALTY OF 120,000 RUPEES ON UNION BANK
Source text: ID:nNSE1fbglj
Further company coverage: UNBK.NS
(([email protected];;))
April 22 (Reuters) - Union Bank of India Ltd UNBK.NS:
RBI IMPOSES PENALTY OF 120,000 RUPEES ON UNION BANK
Source text: ID:nNSE1fbglj
Further company coverage: UNBK.NS
(([email protected];;))
Union Bank Of India Says Financial Intelligence Unit-India Imposed Penalty Of 3.7 Million Rupees
April 16 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - FINANCIAL INTELLIGENCE UNIT-INDIA IMPOSED A PENALTY OF 3.7 MILLION RUPEES ON CO
Source text: ID:nBSE5zkZB5
Further company coverage: UNBK.NS
(([email protected];;))
April 16 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA - FINANCIAL INTELLIGENCE UNIT-INDIA IMPOSED A PENALTY OF 3.7 MILLION RUPEES ON CO
Source text: ID:nBSE5zkZB5
Further company coverage: UNBK.NS
(([email protected];;))
Australian fintech Findi jumps on contract with Union Bank of India
** Shares of Australian fintech firm Findi Ltd FND.AX rise 8.2% to A$4.760
** FND says it secured a 7-year contract with Union Bank of India UNBK.NS to deploy additional 900 ATMs across India
** Contract expected to deliver between A$75 million ($47.12 million) and A$80 million in revenue during its term
** Full deployment of ATMs will contribute an additional A$10 million-A$11 million of annualised revenue
** FND down 4% this year, including the day's moves
($1 = 1.5918 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru)
** Shares of Australian fintech firm Findi Ltd FND.AX rise 8.2% to A$4.760
** FND says it secured a 7-year contract with Union Bank of India UNBK.NS to deploy additional 900 ATMs across India
** Contract expected to deliver between A$75 million ($47.12 million) and A$80 million in revenue during its term
** Full deployment of ATMs will contribute an additional A$10 million-A$11 million of annualised revenue
** FND down 4% this year, including the day's moves
($1 = 1.5918 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru)
Union Bank Of India To Raise Long Term Bonds Up To 200 Bln Rupees
Jan 29 (Reuters) - Union Bank of India Ltd UNBK.NS:
TO RAISE LONG TERM BONDS UP TO 200 BILLION RUPEES
TO ISSUE GREEN/SUSTAINABLE BONDS UP TO 50 BILLION RUPEES
Source text: ID:nNSE1yz4Mg
Further company coverage: UNBK.NS
(([email protected];;))
Jan 29 (Reuters) - Union Bank of India Ltd UNBK.NS:
TO RAISE LONG TERM BONDS UP TO 200 BILLION RUPEES
TO ISSUE GREEN/SUSTAINABLE BONDS UP TO 50 BILLION RUPEES
Source text: ID:nNSE1yz4Mg
Further company coverage: UNBK.NS
(([email protected];;))
Union Bank of India jumps on Q3 profit rise, RBI liquidity boost
** Shares of Union Bank of India UNBK.NS rise as much as 7.2% to 113.14 rupees
** Lender reports 28.2% rise in Q3 net profit; gross non-performing assets ratio improves to 3.85% from 4.36% in Q2
** UNBK among top two gainers in Nifty PSU bank index .NIFTYPSU after RBI announced host of measures to inject liquidity into banking system on Monday
** Banking .NSEBANK, finance .NIFTYFIN and PSU bank indexes rise over 2% each
** Avg rating of 10 analysts equivalent of "strong buy", median PT is 149.50 rupees - LSEG data
** Stock rose 1.1% in 2024
($1 = 86.5150 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Union Bank of India UNBK.NS rise as much as 7.2% to 113.14 rupees
** Lender reports 28.2% rise in Q3 net profit; gross non-performing assets ratio improves to 3.85% from 4.36% in Q2
** UNBK among top two gainers in Nifty PSU bank index .NIFTYPSU after RBI announced host of measures to inject liquidity into banking system on Monday
** Banking .NSEBANK, finance .NIFTYFIN and PSU bank indexes rise over 2% each
** Avg rating of 10 analysts equivalent of "strong buy", median PT is 149.50 rupees - LSEG data
** Stock rose 1.1% in 2024
($1 = 86.5150 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Union Bank Of India Dec-Qtr Net Profit 46.04 Bln Rupees
Jan 27 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA DEC-QUARTER NET PROFIT 46.04 BILLION RUPEES
UNION BANK OF INDIA Q3 GROSS NPA 3.85%
UNION BANK OF INDIA Q3 INTEREST EARNED 269.58 BILLION RUPEES
UNION BANK OF INDIA Q3 PROVISIONS AND CONTINGENCIES 15.99 BILLION RUPEES
Source text: [ID:]
Further company coverage: UNBK.NS
(([email protected];;))
Jan 27 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA DEC-QUARTER NET PROFIT 46.04 BILLION RUPEES
UNION BANK OF INDIA Q3 GROSS NPA 3.85%
UNION BANK OF INDIA Q3 INTEREST EARNED 269.58 BILLION RUPEES
UNION BANK OF INDIA Q3 PROVISIONS AND CONTINGENCIES 15.99 BILLION RUPEES
Source text: [ID:]
Further company coverage: UNBK.NS
(([email protected];;))
Union Bank of India top loser on Nifty PSU bank index on Q/Q business dip
** Shares of Union Bank of India UNBK.NS fall as much as 7.5% to 114.8 rupees, before trimming some losses to trade down 6.7%
** UNBK is the top percentage loser on Nifty Public Sector Bank index .NIFTYPSU
** Co on Saturday said its total business and total deposits fell 0.24% and 2.04% q/q, respectively, as of Dec. 31
** Year-on-year, the two metrics grew 4.7% and 3.8%, respectively
** Stock below its 50-day, 100-day simple moving avgs
** ~31 mln shares traded, 2.6x its 30-day moving avg
** Avg rating of 10 analysts covering the stock is "strong buy" - data compiled by LSEG
** UNBK down 3.6% YTD, after gaining 1.1% in 2024
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Union Bank of India UNBK.NS fall as much as 7.5% to 114.8 rupees, before trimming some losses to trade down 6.7%
** UNBK is the top percentage loser on Nifty Public Sector Bank index .NIFTYPSU
** Co on Saturday said its total business and total deposits fell 0.24% and 2.04% q/q, respectively, as of Dec. 31
** Year-on-year, the two metrics grew 4.7% and 3.8%, respectively
** Stock below its 50-day, 100-day simple moving avgs
** ~31 mln shares traded, 2.6x its 30-day moving avg
** Avg rating of 10 analysts covering the stock is "strong buy" - data compiled by LSEG
** UNBK down 3.6% YTD, after gaining 1.1% in 2024
(Reporting by Anuran Sadhu in Bengaluru)
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REFILE-WRAPUP 1-Indian banks review Adani exposure in wake of US bribery allegations
Moves position of 'to India' in paragraph 7, no other changes
Israel wants Adani to continue to invest in the country
Abu Dhabi's IHC maintains its outlook on Adani investment
Adani's listed company shares recover some losses
Indian lenders reviewing Adani group exposure
By Rishika Sadam and Siddhi Nayak
Nov 28 (Reuters) - Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme.
Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it.
State Bank of India SBI.NS will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans to ensure all terms and conditions are being met.
Bank of India BOI.NS, Union Bank UNBK.NS, ICICI Bank ICBK.NS, Canara Bank CNBK.NS, IDBI Bank IDBI.NS and RBL Bank RATB.NS, which have relatively smaller exposures to the Adani Group, are undertaking similar exercises, sources said.
A regulatory source aware of the development said from a banking system perspective that no entity was over-exposed to the Adani group and there was no cause for concern.
Earlier on Thursday, Israel said it wants Adani Group to continue to invest there, adding that the U.S. allegations were not "problematic" from its perspective.
"We wish Adani and all Indian companies continue to invest in Israel," Israel's Ambassador to India Reuven Azar told Reuters in an interview.
The Adani Group holds a 70% stake in Haifa port in northern Israel and is involved in projects with Israeli firms, including manufacturing military drones and commercial semiconductors.
Adani and seven others are accused by U.S. authorities of being part of a scheme to pay bribes to secure Indian power supply contracts. The Adani Group has denied the allegations.
The Indian ports-to-power conglomerate has also received public backing from Abu Dhabi's International Holding IHC.AD, which maintained its outlook on investments in the group.
"Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC said on Wednesday, adding that it "continues to evaluate relevant information and developments".
IHC, which is one of Adani's key foreign investors, boosted its stake in the group's Adani Enterprises ADEL.NS flagship to more than 5% last year after selling down investments in Adani Green Energy ADNA.NS and Adani Energy Solutions ADAI.NS.
Shares in Adani Green, the company at the centre of the bribery allegations, rose by 10% on Thursday, hitting the cap on gains in a single session for a second consecutive day, with Adani Energy also up the maximum 10%.
The total losses in the value of Adani Group's 10 listed companies have narrowed to $14.5 billion from about $34 billion, the low reached on Tuesday after the U.S. indictments.
FALLOUT
Global investors say worries of a wider spillover from the Adani allegations will hurt sentiment in India, but not the long-term outlook, as they wager one of the world's best-performing markets will get back on track next year.
Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place - for exposure to a growing economy and a huge consumer market.
Indian Prime Minister Narendra Modi's government has not commented on the allegations against the Adani Group and has blocked opposition party demands for a debate on them.
Both houses of India's parliament were suspended temporarily within minutes of opening on Thursday as opposition lawmakers disrupted proceedings for the third day over the issue.
Many opposition parties accuse Modi and his Bharatiya Janata Party (BJP) of favouring Gautam Adani and blocking investigations against him, charges which both have denied.
The Adani Group, which is among India's biggest business empires, has been under scrutiny since January 2023 short seller Hindenburg Research accused it of stock manipulation, which the group has denied, and questioned its high debt levels.
Adani Green said on Wednesday that Adani had been charged by U.S. Securities and Exchange Commission (SEC) for alleged violations of securities law and faced potential fines but had not been charged under the U.S. Foreign Corrupt Practices Act.
The civil action launched by the SEC runs in parallel to U.S. federal prosecutors' indictment against Adani and others.
Repercussions from the indictment have mounted for the Adani Group over the past week, with credit ratings agencies cutting the outlook for some of the listed companies' bonds.
French oil major TotalEnergies TTEF.PA, said on Monday it would not make any more investments in the Adani Group until there was clarity over the allegations and consequences. Total has a 20% stake in Adani Green.
Kenya has scrapped a $2 billion procurement project that was to give Adani control of the country's main airport and it shelved a 30-year, $736-million public-private partnership, signed by Adani Energy with its energy ministry in October.
Closer to home, Sri Lanka said it would investigate all Adani-related projects in the island nation, while Bangladesh is investigating power generation contracts signed under the previous prime minister, one of which was with Adani Power.
(Reporting by Hadeel Al Sayegh in Dubai, Shilpa Jamkhandikar in Mumbai and Nigam Prusty in New Delhi; Writing by Scott Murdoch, Chris Thomas; Editing by Alexander Smith)
(([email protected]; +852 3462 7757;))
Moves position of 'to India' in paragraph 7, no other changes
Israel wants Adani to continue to invest in the country
Abu Dhabi's IHC maintains its outlook on Adani investment
Adani's listed company shares recover some losses
Indian lenders reviewing Adani group exposure
By Rishika Sadam and Siddhi Nayak
Nov 28 (Reuters) - Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme.
Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it.
State Bank of India SBI.NS will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans to ensure all terms and conditions are being met.
Bank of India BOI.NS, Union Bank UNBK.NS, ICICI Bank ICBK.NS, Canara Bank CNBK.NS, IDBI Bank IDBI.NS and RBL Bank RATB.NS, which have relatively smaller exposures to the Adani Group, are undertaking similar exercises, sources said.
A regulatory source aware of the development said from a banking system perspective that no entity was over-exposed to the Adani group and there was no cause for concern.
Earlier on Thursday, Israel said it wants Adani Group to continue to invest there, adding that the U.S. allegations were not "problematic" from its perspective.
"We wish Adani and all Indian companies continue to invest in Israel," Israel's Ambassador to India Reuven Azar told Reuters in an interview.
The Adani Group holds a 70% stake in Haifa port in northern Israel and is involved in projects with Israeli firms, including manufacturing military drones and commercial semiconductors.
Adani and seven others are accused by U.S. authorities of being part of a scheme to pay bribes to secure Indian power supply contracts. The Adani Group has denied the allegations.
The Indian ports-to-power conglomerate has also received public backing from Abu Dhabi's International Holding IHC.AD, which maintained its outlook on investments in the group.
"Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC said on Wednesday, adding that it "continues to evaluate relevant information and developments".
IHC, which is one of Adani's key foreign investors, boosted its stake in the group's Adani Enterprises ADEL.NS flagship to more than 5% last year after selling down investments in Adani Green Energy ADNA.NS and Adani Energy Solutions ADAI.NS.
Shares in Adani Green, the company at the centre of the bribery allegations, rose by 10% on Thursday, hitting the cap on gains in a single session for a second consecutive day, with Adani Energy also up the maximum 10%.
The total losses in the value of Adani Group's 10 listed companies have narrowed to $14.5 billion from about $34 billion, the low reached on Tuesday after the U.S. indictments.
FALLOUT
Global investors say worries of a wider spillover from the Adani allegations will hurt sentiment in India, but not the long-term outlook, as they wager one of the world's best-performing markets will get back on track next year.
Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place - for exposure to a growing economy and a huge consumer market.
Indian Prime Minister Narendra Modi's government has not commented on the allegations against the Adani Group and has blocked opposition party demands for a debate on them.
Both houses of India's parliament were suspended temporarily within minutes of opening on Thursday as opposition lawmakers disrupted proceedings for the third day over the issue.
Many opposition parties accuse Modi and his Bharatiya Janata Party (BJP) of favouring Gautam Adani and blocking investigations against him, charges which both have denied.
The Adani Group, which is among India's biggest business empires, has been under scrutiny since January 2023 short seller Hindenburg Research accused it of stock manipulation, which the group has denied, and questioned its high debt levels.
Adani Green said on Wednesday that Adani had been charged by U.S. Securities and Exchange Commission (SEC) for alleged violations of securities law and faced potential fines but had not been charged under the U.S. Foreign Corrupt Practices Act.
The civil action launched by the SEC runs in parallel to U.S. federal prosecutors' indictment against Adani and others.
Repercussions from the indictment have mounted for the Adani Group over the past week, with credit ratings agencies cutting the outlook for some of the listed companies' bonds.
French oil major TotalEnergies TTEF.PA, said on Monday it would not make any more investments in the Adani Group until there was clarity over the allegations and consequences. Total has a 20% stake in Adani Green.
Kenya has scrapped a $2 billion procurement project that was to give Adani control of the country's main airport and it shelved a 30-year, $736-million public-private partnership, signed by Adani Energy with its energy ministry in October.
Closer to home, Sri Lanka said it would investigate all Adani-related projects in the island nation, while Bangladesh is investigating power generation contracts signed under the previous prime minister, one of which was with Adani Power.
(Reporting by Hadeel Al Sayegh in Dubai, Shilpa Jamkhandikar in Mumbai and Nigam Prusty in New Delhi; Writing by Scott Murdoch, Chris Thomas; Editing by Alexander Smith)
(([email protected]; +852 3462 7757;))
Union Bank Of India Exec Says Co Has Small Exposure With 2 Of 4 NBFCs Under RBI's Latest Restrictions
Oct 22 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA EXEC: STRATEGICALLY NOT TAKING ON LOW-YIELDING CORPORATE LOANS TO PRESERVE NET INTEREST MARGINS
UNION BANK OF INDIA EXEC: HAVE SMALL EXPOSURE WITH 2 OF 4 NBFCS UNDER RBI’S LATEST RESTRICTIONS; THEY HAVE DRAWN DOWN ALL CREDIT LINES
Source text for Eikon: [ID:]
Further company coverage: UNBK.NS
(([email protected];;))
Oct 22 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA EXEC: STRATEGICALLY NOT TAKING ON LOW-YIELDING CORPORATE LOANS TO PRESERVE NET INTEREST MARGINS
UNION BANK OF INDIA EXEC: HAVE SMALL EXPOSURE WITH 2 OF 4 NBFCS UNDER RBI’S LATEST RESTRICTIONS; THEY HAVE DRAWN DOWN ALL CREDIT LINES
Source text for Eikon: [ID:]
Further company coverage: UNBK.NS
(([email protected];;))
Union Bank Of India Says Q2 Net Profit At 47.20 Billion Rupees
Oct 21 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA Q2 NET PROFIT 47.20 BILLION RUPEES; IBES EST. 37.81 BILLION RUPEES
UNION BANK OF INDIA Q2 GROSS NPA 4.36%
UNION BANK OF INDIA Q2 INTEREST EARNED 267.08 BILLION RUPEES
UNION BANK OF INDIA Q2 PROVISIONS AND CONTINGENCIES 17.12 BILLION RUPEES
UNION BANK OF INDIA Q2 NET NPA 0.98%
Source text for Eikon: [ID:]
Further company coverage: UNBK.NS
(([email protected];))
Oct 21 (Reuters) - Union Bank of India Ltd UNBK.NS:
UNION BANK OF INDIA Q2 NET PROFIT 47.20 BILLION RUPEES; IBES EST. 37.81 BILLION RUPEES
UNION BANK OF INDIA Q2 GROSS NPA 4.36%
UNION BANK OF INDIA Q2 INTEREST EARNED 267.08 BILLION RUPEES
UNION BANK OF INDIA Q2 PROVISIONS AND CONTINGENCIES 17.12 BILLION RUPEES
UNION BANK OF INDIA Q2 NET NPA 0.98%
Source text for Eikon: [ID:]
Further company coverage: UNBK.NS
(([email protected];))
Union Bank Of India Says Financial Intelligence Unit Of Government Imposed Penalty Of 5.4 Mln Rupees
Oct 3 (Reuters) - Union Bank of India Ltd UNBK.NS:
FINANCIAL INTELLIGENCE UNIT OF GOVERNMENT IMPOSED PENALTY OF 5.4 MILLION RUPEES
FINANCIAL INTELLIGENCE UNIT IMPOSED PENALTY UNDER PMLA
Source text for Eikon: [ID:]
Further company coverage: UNBK.NS
(([email protected];;))
Oct 3 (Reuters) - Union Bank of India Ltd UNBK.NS:
FINANCIAL INTELLIGENCE UNIT OF GOVERNMENT IMPOSED PENALTY OF 5.4 MILLION RUPEES
FINANCIAL INTELLIGENCE UNIT IMPOSED PENALTY UNDER PMLA
Source text for Eikon: [ID:]
Further company coverage: UNBK.NS
(([email protected];;))
Union Bank Of India Says Joint Forum Of AIUBEF, AIUBSF, UBSA AND UBIEU, DELHI To Go On Strike On Sept 27
Sept 26 (Reuters) - Union Bank of India Ltd UNBK.NS:
JOINT FORUM OF AIUBOF AND AIUBEA AGREED TO WITHDRAW STRIKE
JOINT FORUM OF AIUBEF, AIUBSF, UBSA AND UBIEU, DELHI TO GO ON STRIKE ON SEPT 27
IN EVENT OF STRIKE FUNCTIONING OF CO’S BRANCHES IN SOME LOCATIONS MAYBE AFFECTED
Source text for Eikon: ID:nNSE5gm3KD
Further company coverage: UNBK.NS
(([email protected];;))
Sept 26 (Reuters) - Union Bank of India Ltd UNBK.NS:
JOINT FORUM OF AIUBOF AND AIUBEA AGREED TO WITHDRAW STRIKE
JOINT FORUM OF AIUBEF, AIUBSF, UBSA AND UBIEU, DELHI TO GO ON STRIKE ON SEPT 27
IN EVENT OF STRIKE FUNCTIONING OF CO’S BRANCHES IN SOME LOCATIONS MAYBE AFFECTED
Source text for Eikon: ID:nNSE5gm3KD
Further company coverage: UNBK.NS
(([email protected];;))
Union Bank of India climbs after Investec upgrade to 'buy'
** Shares of Union Bank of India UNBK.NS rise 4.8% to 125.8 rupees
** Stock is top gainer on nifty PSU bank index .NIFTYPSU which is up +0.6%
** Investec upgrades UNBK to 'Buy' from 'Hold,' highlighting its strong liquidity, capitalization, and provisioning
** UNBK is trading near its historical average, offering solid margin of safety in both valuations and estimates - Investec
** Slower deposits growth for the system and regulatory headwinds (rate cuts, LCR, ECL) led to sector underperformance, it says
** Avg rating of analysts covering the stock is "buy"; median PT is at 165 rupees- LSEG data
** Of the seven stocks in the PSU bank index with broker coverage, UNBK is among 5 with this rating
** Stock up ~4.7% YTD vs an 18% rise in PSU bank index
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Union Bank of India UNBK.NS rise 4.8% to 125.8 rupees
** Stock is top gainer on nifty PSU bank index .NIFTYPSU which is up +0.6%
** Investec upgrades UNBK to 'Buy' from 'Hold,' highlighting its strong liquidity, capitalization, and provisioning
** UNBK is trading near its historical average, offering solid margin of safety in both valuations and estimates - Investec
** Slower deposits growth for the system and regulatory headwinds (rate cuts, LCR, ECL) led to sector underperformance, it says
** Avg rating of analysts covering the stock is "buy"; median PT is at 165 rupees- LSEG data
** Of the seven stocks in the PSU bank index with broker coverage, UNBK is among 5 with this rating
** Stock up ~4.7% YTD vs an 18% rise in PSU bank index
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Union Bank Of India Says Monetary Penalty Imposed By RBI Negligible Considering Business Size Of Bank
Aug 23 (Reuters) - Union Bank of India Ltd UNBK.NS:
MONETARY PENALTY IMPOSED BY RBI NEGLIGIBLE CONSIDERING BUSINESS SIZE OF BANK
Source text for Eikon: [ID:]
Further company coverage: UNBK.NS
(([email protected];))
Aug 23 (Reuters) - Union Bank of India Ltd UNBK.NS:
MONETARY PENALTY IMPOSED BY RBI NEGLIGIBLE CONSIDERING BUSINESS SIZE OF BANK
Source text for Eikon: [ID:]
Further company coverage: UNBK.NS
(([email protected];))
Union Bank of India up on strong Q1 earnings
** Shares of Union Bank of India UNBK.NS rose as much as 2.1%; last up 1.5% to 137.69 rupees
** Co's Q1 profit rose 13.7% YoY, net interest margin expanded to 3.13% from 3.05% last year, and gross non-performing assets as a share of total assets reduced to 0.9% from 1.03% in Q4
** Larger rival HDFC Bank HDBK.NS beat Q1 profit estimates on Saturday; shares were up on Monday
** Nifty Bank index .NSEBANK, which UNBK is not a part of, is flat
** UNBK, HDBK both rated "buy" on avg - LSEG data
** UNBK and bank index up 15.7% and 8.3% YTD, respectively; HDBK down 3.9% YTD
(Reporting by Varun Vyas in Bengaluru)
** Shares of Union Bank of India UNBK.NS rose as much as 2.1%; last up 1.5% to 137.69 rupees
** Co's Q1 profit rose 13.7% YoY, net interest margin expanded to 3.13% from 3.05% last year, and gross non-performing assets as a share of total assets reduced to 0.9% from 1.03% in Q4
** Larger rival HDFC Bank HDBK.NS beat Q1 profit estimates on Saturday; shares were up on Monday
** Nifty Bank index .NSEBANK, which UNBK is not a part of, is flat
** UNBK, HDBK both rated "buy" on avg - LSEG data
** UNBK and bank index up 15.7% and 8.3% YTD, respectively; HDBK down 3.9% YTD
(Reporting by Varun Vyas in Bengaluru)
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What does Union Bank Of India do?
Union Bank of India is a banking and financial services statutory body engaged in providing a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers. The bank is engaged in Banking Services, Government Business, Merchant Banking, Agency Business -Insurance, Mutual Funds, Wealth Management etc.
Who are the competitors of Union Bank Of India?
Union Bank Of India major competitors are PNB, Canara Bank, Bank Of Baroda, Indian Bank, IDBI Bank, Bank Of India, Indian Overseas Bank. Market Cap of Union Bank Of India is ₹1,54,428 Crs. While the median market cap of its peers are ₹1,33,343 Crs.
Is Union Bank Of India financially stable compared to its competitors?
Union Bank Of India seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Union Bank Of India pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Union Bank Of India latest dividend payout ratio is 20.11% and 3yr average dividend payout ratio is 21.37%
How has Union Bank Of India allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is Union Bank Of India balance sheet?
Latest balance sheet of Union Bank Of India is weak, and historically as well.
Is the profitablity of Union Bank Of India improving?
Yes, profit is increasing. The profit of Union Bank Of India is ₹18,448 Crs for TTM, ₹18,027 Crs for Mar 2025 and ₹13,797 Crs for Mar 2024.
Is Union Bank Of India stock expensive?
Yes, Union Bank Of India is expensive. Latest PE of Union Bank Of India is 7.98, while 3 year average PE is 6.52. Also latest Price to Book of Union Bank Of India is 1.15 while 3yr average is 0.75.
Has the share price of Union Bank Of India grown faster than its competition?
Union Bank Of India has given lower returns compared to its competitors. Union Bank Of India has grown at ~4.65% over the last 10yrs while peers have grown at a median rate of 6.2%
Is the promoter bullish about Union Bank Of India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Union Bank Of India is 74.76% and last quarter promoter holding is 74.76%.
Are mutual funds buying/selling Union Bank Of India?
The mutual fund holding of Union Bank Of India is increasing. The current mutual fund holding in Union Bank Of India is 3.82% while previous quarter holding is 3.76%.