1. Union Bank of India
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88% Buy

Union Bank of India Share Price

UNIONBANK

₹143.25-₹2.05 (-1.41%) Past Year
₹142.85₹146.50
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Company overview

About

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Market cap

Market Cap Switch₹1,13,893 Cr

Open

₹144.15

Close

₹145.30

Circuit range

₹174.35 - ₹116.25

Day range

₹142.85 - ₹146.50

Year range

₹68.00 - ₹163.20

Volume

1,17,37,571

Avg. traded

₹144.12

Revenue (12m)

₹96,029 Cr

Union Bank of India

Union Bank of India is a leading public sector bank with a presence across India and abroad. The Mumbai-headquartered bank was founded on November 11, 1919, by Seth Sitaram Poddar. It has grown into a major PSU bank in the country with a customer base of more than 12 crore.

Following its merger with Corporation Bank and Andhra Bank, effective from April 1, 2020, the combined entity emerged as one of the largest public sector financial service providers. The bank operates through its 8,700 branches in India and four overseas branches in Hong Kong, Dubai, Antwerp and Sydney. Union Bank also operates representative offices in Shanghai, Beijing and Abu Dhabi. It provides financial services in the United Kingdom through its wholly-owned subsidiary, Union Bank of India (UK).

Union Bank of India has achieved many milestones in its journey of 104 years. In 2007, it set a new record by inaugurating 56 new branches in a single day. In 2012, the public sector lender installed its first talking ATM designed specifically for the benefit of the visually impaired. In 2013, the bank established a record by opening 111 branches on its foundation day, November 11.

The government holds a 76.99% stake in the bank (as of September 30, 2023). The bank launched its initial public offering (IPO) in 2006 and it is listed on NSE and BSE. The market capitalisation of the bank stood at nearly ₹89,000 crore as of December 13, 2023. Union Bank share price has surged more than 261% in the past three years.

Union Bank of India business operations

The bank's extensive network comprises over 8,700 domestic branches, 11,100 ATMs and 15,300 business correspondent points, catering to the needs of more than 12 crore customers.

Union Bank of India is the first public sector bank in the country to have successfully executed a 100% core banking solution and to achieve 100% computerisation across all its branches. The bank offers digital banking, retail banking, financial solutions and support for MSMEs.

Apart from retail banking, its corporate and NRI banking divisions cater to the specific needs of business enterprises and Non-Resident Indians (NRIs).

Its retail banking offerings include savings instruments, deposits, retail loans, credit cards, insurance products and demat facility.

Under NRI banking the bank offers a host of services like remittance, savings, loans, payment solutions for NRIs and investment solutions.

For corporate customers, the bank provides cash management services, tax solutions, trade finance, insurance for businesses and enterprise loans.

Financial highlights

Consolidated revenue for FY 2022-23 stood at ₹81,163 crore, up 18.9% year-on-year compared to ₹68,229 crore in FY 2021-22. The bank reported a net profit of ₹8,430 crore in FY23 as against ₹5,209 crore in FY22. The operating profit of the bank stood at ₹25,558 crore in FY23 compared to ₹21,872 crore in the previous fiscal. The bank made a total capital expenditure of ₹71,520 crore in FY23. Earnings per share (EPS) increased to ₹12.45 in FY23 from ₹7.77 in the last financial year.

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Union Bank of India Key indicators

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52 week high

₹163.20

52 week low

₹68.00

P/E ratio

7.57

P/B ratio

1.2

ROE

12.22%

ROCE

12.97%

Dividend yield

2.1%

Debt/Equity ratio

0.6

EPS

12.34

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

88%

Hold

12%

Sell

0%

This analysis is based on the reviews of 8 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Net Interest Margin (NIM)

2.7%

ROA

0.68%

Credit Deposit

68.16%

ROE

12.22%

Net profit margin

10.44%

EPS

12.34

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Union Bank of India Shareholder returns

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1 day

-2.61%

1 week

-9.30%

1 month

-1.82%

3 months

+8.35%

1 year

+108.46%

3 years

+322.38%

5 years

+56.74%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

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Union Bank of India Share Price history

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DayOpenCloseDay’s change
Tue, Apr 16 2024
₹144.15
₹143.25
-0.63%
Mon, Apr 15 2024
₹145.00
₹145.30
+0.21%
Fri, Apr 12 2024
₹151.00
₹149.20
-1.21%
Wed, Apr 10 2024
₹151.85
₹150.90
-0.63%
Tue, Apr 9 2024
₹155.90
₹151.45
-2.94%
Mon, Apr 8 2024
₹158.00
₹155.00
-1.94%
Fri, Apr 5 2024
₹159.15
₹160.20
+0.66%
Thu, Apr 4 2024
₹159.15
₹159.10
-0.03%

Shareholding info

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Promoters (76.99%)

Mutual Funds (3.09%)

Retail and other (6.75%)

Foreign institutions-FII (3.97%)

Other domestic institutions (9.2%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹3/share

    Ex date 28 Jul 2023

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  • Dividend • ₹1.9/share

    Ex date 22 Jun 2022

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Frequently asked questions