Union Bank of India rises on the BSE

Union Bank of India is currently trading at Rs. 40.20, up by 0.25 points or 0.63% from its previous closing of Rs. 39.95 on the BSE.

union bank of india trades higher on the bse e1576056406392
union bank of india trades higher on the bse e1576056406392

The scrip opened at Rs. 40.60 and has touched a high and low of Rs. 40.70 and Rs. 40.10 respectively. So far 575936 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 54.80 on 09-Nov-2021 and a 52 week low of Rs. 32.65 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 41.85 and Rs. 39.60 respectively. The current market cap of the company is Rs. 27475.68 crore.

The promoters holding in the company stood at 83.50%, while Institutions and Non-Institutions held 8.23% and 8.27% respectively.

Union Bank of India has launched a first-of-its-kind stressed asset recovery automated solution (SARAS) that will help the bank enforce securities, track recoveries and enhance monitoring of stressed assets. The automation will eliminate errors and cut time taken to initiate recovery from months to a few days.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories – Deposits, Loans and Advances, and Remittances & Collections.

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