Union Bank of India will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

Union Bank of India is up for a third straight session today. The stock is quoting at Rs 109.97, up 3.66% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77056.18, up 0.43%. Union Bank of India has slipped around 12.08% in last one month. Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has slipped around 8.91% in last one month and is currently quoting at 6150.95, up 2.6% on the day. The volume in the stock stood at 130.84 lakh shares today, compared to the daily average of 144.77 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 110.3, up 3.66% on the day. Union Bank of India is down 16.66% in last one year as compared to a 8.08% jump in NIFTY and a 8.25% jump in the Nifty PSU Bank index.The PE of the stock is 5.29 based on TTM earnings ending September 24.Powered by Capital Market - Live

Union Bank of India fell for a fifth straight session today. The stock is quoting at Rs 104.67, down 3.14% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 23521.8. The Sensex is at 77676.23, up 0.07%.Union Bank of India has eased around 18.98% in last one month.Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has eased around 13.2% in last one month and is currently quoting at 6255.3, down 1.63% on the day. The volume in the stock stood at 111.6 lakh shares today, compared to the daily average of 128.24 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 104.48, down 3.41% on the day. Union Bank of India tumbled 15.89% in last one year as compared to a 8.66% rally in NIFTY and a 7.88% spurt in the Nifty PSU Bank index.The PE of the stock is 5.39 based on TTM earnings ending September 24.Powered by Capital Market - Live

On YoY basis, the domestic deposits rose 2.45% from Rs 11,54,325 crore as on 31 December 2023. The bank recorded 5.3% growth in domestic advances to Rs 9,12,842 crore as of 31 December 2024 as against Rs 8,66,689 crore as of 31 December 2023 and 2.06% increase from Rs 8,94,404 crore as on 30 September 2024. Domestic CASA deposits was at Rs 3,95,364 crore during the quarter, registering de-growth of 0.44% year on year (YoY) and 0.23% quarter on quarter (QoQ). The bank's total global business as on 31 Decemeber 2024 stood at Rs 21,65,632 crore, up 4.70% YoY and 0.24% QoQ. Global gross advances gained 5.93% YoY and 2.18% QoQ to Rs 9,49,070 crore as on 31 December 2024. Global deposits stood at Rs 12,16,562 crore during the period under review (up 3.76% YoY and down 2.04% QoQ). Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations and other banking operations. The Government of India held 74.76% stake in the bank. The public lender's standalone net profit jumped 34.41% to Rs 4,719.74 crore on 13.27% increase in total income to Rs 32036.46 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Union Bank of India is up for a third straight session in a row. The stock is quoting at Rs 121.59, up 1.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 23760.19921875. The Sensex is at 78588.38, up 0.58%. Union Bank of India has added around 1.55% in last one month. Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has added around 3.82% in last one month and is currently quoting at 6540.7, up 0% on the day. The volume in the stock stood at 40 lakh shares today, compared to the daily average of 116.84 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 122.07, up 0.95% on the day. Union Bank of India is up 0.57% in last one year as compared to a 9.67% gain in NIFTY and a 14.05% gain in the Nifty PSU Bank index.The PE of the stock is 6.01 based on TTM earnings ending September 24.Powered by Capital Market - Live

The key equity indices traded with moderate losses in mid-morning trade. The Nifty traded below the 24,700 level. PSU bank shares extended losses for second consecutive trading session. At 11:26 IST, the barometer index, the S&P BSE Sensex, declined 245.69 points or 0.30% to 80,905.58. The Nifty 50 index fell 88.65 points or 0.36% to 24,692.45. In the broader market, the S&P BSE Mid-Cap index dropped 1.24% and the S&P BSE Small-Cap index tumbled 2.17%. The market breadth was weak. On the BSE, 770 shares rose and 2,994 shares fell. A total of 104 shares were unchanged. IPO Update: The initial public offer (IPO) of Deepak Builders & Engineers India received bids for 5,77,59,133 shares as against 89,67,061 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (22 October 2024). The issue was subscribed 6.44 times. The issue opened for bidding on Monday (21 October 2024) and it will close on Wednesday (23 October 2024). The price band of the IPO is fixed between Rs 192 to Rs 203 per share. An investor can bid for a minimum of 73 equity shares and in multiples thereof. The initial public offer (IPO) of Waaree Energies received bids for 10,45,57,221 shares as against 2,10,79,384 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (22 October 2024). The issue was subscribed 4.96 times. The issue opened for bidding on Monday (21 October 2024) and it will close on Wednesday (23 October 2024). The price band of the IPO is fixed between Rs 1,427 to Rs 1,503 per share. An investor can bid for a minimum of 9 equity shares and in multiples thereof. Buzzing Index: Nifty PSU Bank index declined 1.79% to Rs 6,481.55. The index fell 2.84% in two consecutive trading sessions. Indian Overseas Bank (down 3.78%), Central Bank of India (down 3.74%), Punjab & Sind Bank (down 3.43%), UCO Bank (down 3.41%) and Bank of Maharashtra (down 3.24%) were the top losers. Among the other losers were Bank of India (down 3.07%), Punjab National Bank (down 2.93%), Bank of Baroda (down 2.07%), Canara Bank (down 2%) and Indian Bank (down 1.9%) declined. Stock in Spotlight: Union Bank of India fell 1.07%. The company's standalone net profit jumped 34.41% to Rs 4,719.74 crore on 13.27% increase in total income to Rs 32036.46 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Net interest income (NII) of the bank decrease marginally Rs 9,047 crore in Q2 FY25 as against Rs 9,126 crore in Q2 FY24. Net interest margin (NIM) for Q2 FY25 was 2.90% as against 3.18% in Q2 FY24. Operating profit improved by 12.35% to Rs 8,113 crore in Q2 FY25 from Rs 7,221 crore in Q2 FY24. Total provisions stood at Rs 3,393 crore in Q2 FY25, down 8.52% YoY and up 17.36% QoQ. Gross NPA of the bank amounted to Rs 40,499 crore as on 30 September 2024 as against Rs 54,012 crore as on 30 September 2024. Gross NPA ratio reduced by 202 basis points (bps) on YoY basis to 4.36% and net NPA ratio reduced by 32 bps on YoY basis to 0.98% as on 30 September 2024. Deposits of the bank increased by 9.17% YoY to Rs 12,41,947 crore while global advances rose by 9.63% YoY to Rs 9,28,832 crore as on 30 September 2024. The bank's return on assets & return on equity stood at 1.35% and 19.10%, respectively, during Q2 FY25. CRAR improved from 16.69 % as on 30 September 2023 to 17.13% as on 30 September 2024. CET-1 ratio improved to 13.88% as on 30 September 2024 from 13.05% as on 30 September 2023. Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations and other banking operations. The Government of India held 74.76% stake in the bank. As on 30 June 2024, the bank has 8,473 branches including foreign branches and 9,342 ATMs. Shares of Union Bank of India shed 0.85% to Rs 110.70 on the BSE.Powered by Capital Market - Live

Net profit of Union Bank of India rose 33.01% to Rs 4750.93 crore in the quarter ended September 2024 as against Rs 3571.80 crore during the previous quarter ended September 2023. Total Operating Income rose 8.71% to Rs 26886.58 crore in the quarter ended September 2024 as against Rs 24731.59 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income26886.5824731.59 9 OPM %67.6967.81 - PBDT6405.895492.27 17 PBT6405.895492.27 17 NP4750.933571.80 33 Powered by Capital Market - Live

Union Bank of India will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live

Union Bank of India is down for a fifth straight session today. The stock is quoting at Rs 122.7, down 0.66% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.2% on the day, quoting at 25865.55. The Sensex is at 84467.06, down 1.29%.Union Bank of India has added around 0.23% in last one month.Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has eased around 3.23% in last one month and is currently quoting at 6853.75, down 0.87% on the day. The volume in the stock stood at 60.56 lakh shares today, compared to the daily average of 112.55 lakh shares in last one month.The PE of the stock is 6.68 based on TTM earnings ending June 24.Powered by Capital Market - Live