Union Bank of India Share Price (UNIONBANK)

Union Bank of India's Share Price Soars 344% in Three Years - 17 Apr, 2024

Union Bank of India has seen a significant increase in its share price, with a TSR of 384% for the last three years. The CEO is remunerated more modestly than most CEOs at similarly capitalized companies. However, there has been a recent pullback of 4.1%. It is important to examine the company's fundamentals before buying or selling the stock.

Fitch Affirms Union Bank of India's Ratings - 16 Apr, 2024

Fitch has affirmed Union Bank of India's ratings at BBB- and its Viability Rating (VR) at bb, with a Government Support Rating (GSR) of bbb-. The bank's robust funding and liquidity were additional drivers for the affirmation.

Union Bank of India Reports Growth in Domestic Advances and Deposits - 06 Apr, 2024

Union Bank of India reported an 11.24% increase in domestic advances to Rs 8,73,592 crore and an 8.42% growth in domestic deposits to Rs 11,99,194 crore as of Q4 FY24. The bank's standalone net profit climbed 59.92% to Rs 3,589.91 crore on a 20.63% rise in total income to Rs 2,9137.26 crore in Q3 FY24.

Union Bank of India Raises $500 Million from Overseas Markets - 04 Apr, 2024

State-owned Union Bank of India has raised $500 million from foreign markets to fund overseas business growth through a syndicated term loan arranged by Dubai International Financial Centre (DIFC), marking the bank's first venture into raising a syndicated term loan at an international center.

Union Bank of India Raises $500 Million for Overseas Business Growth - 03 Apr, 2024

Union Bank of India has raised $500 million from foreign markets through a syndicated term loan arranged by Dubai International Financial Centre (DIFC), Dubai Branch. The funds will be used to support the bank's overseas business growth. This is the maiden syndicated term loan raised by Union Bank of India at an overseas centre.

Union Bank of India Stock Surges by 2% - 01 Apr, 2024

Union Bank of India's stock surged by 2% on April 1, contributing to the rise in the Nifty PSU index by more than one percent. Analysts noted that the favorable credit environment has bolstered the asset quality of these banks.

Union Bank of India Executive Director Appointed as MD & CEO of Bank of Maharashtra - 31 Mar, 2024

Shri Nidhu Saxena, former Executive Director of Union Bank of India, has been appointed as the Managing Director and Chief Executive Officer (MD & CEO) of Bank of Maharashtra.

Union Bank of India Stock Gains; RBI Authorizes Gold Import - 28 Mar, 2024

Union Bank of India's stock has gained around 4.2% in the last month and is up by 0.83% today. The Reserve Bank of India has authorized the bank to import only gold for 2024-25 starting April 1st. Additionally, Nidhu Saxena has been appointed as the new MD & CEO of Bank of Maharashtra.

Union Bank's Nidhu Saxena Appointed CEO of Bank of Maharashtra - 27 Mar, 2024

Nidhu Saxena, currently an Executive Director at Union Bank of India, has been appointed as the new MD & CEO of Bank of Maharashtra. Meanwhile, foreign portfolio investors hold over 10% stake in CDSL.

Bombay HC Orders Banks to Pass Reasoned Orders Before Declaring Wilful Defaulters - 21 Mar, 2024

The Bombay High Court has ordered banks and financial institutions to share the reasoned orders passed by its Identification Committee and Review Committee before declaring an entity or person a wilful defaulter under the Reserve Bank of India's Master Circular. The order came in response to a petition filed by Milind Patel, former joint managing director of IL&FS Financial Services Limited (IFIN), challenging an order passed by Union Bank of India in February 2023.