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Union Bank of India surges on the BSE

Union Bank of India is currently trading at Rs. 60.95, up by 1.10 points or 2.70% from its previous closing of Rs. 59.35 on the BSE.

The scrip opened at Rs. 61.50 and has touched a high and low of Rs. 62.70 and Rs. 59.40 respectively. So far 354944 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 100.30 on 03-Apr-2019 and a 52 week low of Rs. 57.60 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 65.15 and Rs. 57.60 respectively. The current market cap of the company is Rs. 10630.99 crore.

The promoters holding in the company stood at 74.27%, while Institutions and Non-Institutions held 16.03% and 9.70% respectively.

Union Bank of India is going to offer repo-linked home and auto loans. With this, the lender will price home loans above Rs 30 lakh and under Rs 75 lakh to the repo rate and will be priced at 8.25 percent for those borrowers with good credit score. Vehicle loans will be offered at 8.60 percent to borrowers with good credit score.

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. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.

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