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India

Union Bank of India Ltd (UNBK.NS)

UNBK.NS on National Stock Exchange of India

41.30INR
3:58pm IST
Change (% chg)

Rs-0.85 (-2.02%)
Prev Close
Rs42.15
Open
Rs41.90
Day's High
Rs42.30
Day's Low
Rs41.00
Volume
2,347,752
Avg. Vol
8,985,035
52-wk High
Rs100.40
52-wk Low
Rs40.05

Latest Key Developments (Source: Significant Developments)

Union Bank Of India CEO Says Total Recoveries In Current FY Seen Around 80 Bln Rupees
Monday, 10 Feb 2020 

Feb 10 (Reuters) - Union Bank of India Ltd CEO Rajkiran Rai ::UNION BANK OF INDIA EXEC SAYS RECOVERIES FROM ESSAR AND RUCHI SOYA HELPED BOOST GROWTH IN Q3.UNION BANK OF INDIA EXEC SAYS TOTAL RECOVERIES IN THIS FINANCIAL YEAR EXPECTED TO BE AROUND 80 BILLION RUPEES.UNION BANK OF INDIA EXEC SAYS STRESSED LOANS UNDER SMA 2 CATEGORY NOW AT 103.79 BILLION RUPEES.UNION BANK OF INDIA EXEC SAYS MAY RAISE CAPITAL IN Q3-Q4 OF NEXT FINANCIAL YEAR.  Full Article

Union Bank Of India Dec-Qtr Net Profit Jumps
Monday, 10 Feb 2020 

Feb 10 (Reuters) - Union Bank of India Ltd ::DEC QTR NET PROFIT 5.75 BLN RUPEES VS NET PROFIT OF 1.53 BLN RUPEES LAST YEAR.DEC QUARTER INTEREST EARNED 96.31 BILLION RUPEES VERSUS 84.78 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS AND CONTINGENCIES 18.19 BILLION RUPEES VERSUS 16.77 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS FOR NPAS 15.7 BILLION RUPEES VERSUS 21.39 BILLION RUPEES LAST YEAR.DEC QUARTER GROSS NPA 14.86% VERSUS 15.24% PREVIOUS QUARTER.DEC QUARTER NET NPA 6.99% VERSUS 6.98% PREVIOUS QUARTER.  Full Article

Union Bank Of India Will Declare DHFL An NPA In Q3- Exec
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - Union Bank of India Ltd ::EXEC SAYS MADE 15% PROVISIONS FOR DHFL, WILL DECLARE IT AN NPA IN Q3.EXEC SAYS MADE 15% PROVISIONS FOR DHFL, WILL DECLARE IT AN NPA IN Q3.EXEC SAYS HAS TARGET OF RECOVERING 90 BILLION RUPEES THIS FINANCIAL YEAR, RECOVERED OVER 20 BILLION SO FAR.EXEC SAYS NIM PROJECTION IS AT 2.25% FOR THIS FINANCIAL YEAR.EXEC SAYS LOOKING AT DIVESTMENT OF 2 NON-CORE ASSETS, TO GATHER 2.5 BILLION RUPEES THIS FINANCIAL YEAR.  Full Article

Union Bank Of India Posts Sept Quarter Net Loss
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - Union Bank of India Ltd ::SEPT QUARTER NET LOSS 11.94 BILLION RUPEES VERSUS PROFIT OF 1.39 BILLION RUPEES YEAR AGO.SEPT QUARTER INTEREST EARNED 94.13 BILLION RUPEES VERSUS 85.39 BILLION RUPEES YEAR AGO.SEPT QUARTER PROVISIONS AND CONTINGENCIES 38.59 BILLION RUPEES VERSUS 17.16 BILLION RUPEES YEAR AGO.SEPT QUARTER PROVISIONS FOR NPA 33.28 BILLION RUPEES VERSUS 17.10 BILLION RUPEES YEAR AGO.SEPT QUARTER GROSS NPA 15.24% VERSUS 15.18% PREVIOUS QUARTER.SEPT QUARTER NET NPA 6.98% VERSUS 7.23% PREVIOUS QUARTER.  Full Article

Union Bank Of India To Consider Issue Of Equity Shares On Preferential Basis To India Govt
Thursday, 3 Oct 2019 

Oct 3 (Reuters) - Union Bank of India Ltd ::TO CONSIDER ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS TO INDIA GOVERNMENT TO RAISE CAPITAL FUNDS.  Full Article

India Ratings Places Corporation Bank's Debt On 'Rating Watch Evolving'
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - Corporation Bank Ltd ::SAYS INDIA RATINGS HAS PLACED ITS DEBT INSTRUMENTS ON 'RATING WATCH EVOLVING' AFTER BANK MERGER ANNOUNCEMENT.  Full Article

Moody's Says Proposed Consolidation Credit Positive For Indian State-Owned Banks
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - :MOODY'S SAYS PROPOSED CONSOLIDATION IS CREDIT POSITIVE FOR INDIAN STATE-OWNED BANKS.MOODY'S SAYS CONSOLIDATION PLAN TO BENEFIT INDIAN STATE-RUN BANKS AS IT WILL RESULT IN INCREASED OPERATIONAL SCALE AND CAPITAL.MOODY'S SAYS CONSOLIDATION PLAN TO BENEFIT INDIAN STATE-RUN BANKS AS IT WILL ALSO LONGER-TERM POTENTIALLY LEAD TO IMPROVED CORPORATE GOVERNANCE.MOODY'S SAYS EXPECT MERGERS OF INDIAN STATE-RUN BANKS TO BE COMPLETED BY THE MIDDLE OF NEXT YEAR.MOODY'S SAYS ASSET QUALITY AND PROFITABILITY OF INDIAN STATE-RUN BANKS TO REMAIN BROADLY UNCHANGED AFTER CONSOLIDATION.  Full Article

Union Bank Of India June-Qtr Net Profit Rises
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Union Bank of India Ltd ::JUNE QUARTER NET PROFIT 2.24 BILLION RUPEES VERSUS PROFIT OF 1.30 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER LOSS WAS 2.71 BILLION RUPEES -.JUNE QUARTER INTEREST EARNED 88.98 BILLION RUPEES VERSUS 87.01 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS FOR NPA LOSS OF 14.31 BILLION RUPEES VERSUS LOSS OF 18.03 BILLION RUPEES LAST YEAR.JUNE QUARTER GROSS NPA 15.18% VERSUS 14.98% PREVIOUS QUARTER.JUNE QUARTER NET NPA 7.23% VERSUS 6.85% PREVIOUS QUARTER.JUNE QUARTER PROVISIONS AND CONTINGENCIES 15.19 BILLION RUPEES VERSUS 22.89 BILLION RUPEES LAST YEAR.  Full Article

Union Bank Of India Says Monika Kalia Nominated As CFO
Thursday, 4 Jul 2019 

July 4 (Reuters) - Union Bank of India Ltd ::UNION BANK OF INDIA SAYS MONIKA KALIA NOMINATED AS CFO TO REPLACE SREENIVASA RAO.  Full Article

Union Bank Of India March Quarter Net Loss Widens
Tuesday, 14 May 2019 

May 14 (Reuters) - Union Bank of India Ltd ::MARCH QUARTER NET LOSS 33.69 BILLION RUPEES VERSUS LOSS OF 25.83 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER NET LOSS WAS 48.4 MILLION RUPEES.MARCH QUARTER INTEREST EARNED 83.50 BILLION RUPEES VERSUS 81.12 BILLION RUPEES LAST YEAR.MARCH QUARTER PROVISIONS AND CONTINGENCIES 57.66 BILLION RUPEES VERSUS 57.68 BILLION RUPEES LAST YEAR.MARCH QUARTER GROSS NPA 14.98 PERCENT VERSUS 15.66 PERCENT PREVIOUS QUARTER.MARCH QUARTER NET NPA 6.85 PERCENT VERSUS 8.27 PERCENT PREVIOUS QUARTER.  Full Article

CRISIL ratings for Indian debt instruments-Sep 6

Sep 6 Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of September 5, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- A K Lumbers Ltd