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Union Bank of India Ltd (UNBK.NS)

UNBK.NS on National Stock Exchange of India

154.90INR
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Rs0.35 (+0.23%)
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Rs154.55
Open
Rs154.85
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Rs156.95
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Rs153.40
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Rs172.50
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Latest Key Developments (Source: Significant Developments)

Union Bank of India sells entire 5 pct stake in Transunion CIBIL for 1.91 bln rupees
Thursday, 23 Mar 2017 08:51am EDT 

Union Bank Of India Ltd : Says the sale of entire stake in Transunion CIBIL Limited (TUCIBIL) to Transunion International Inc .Says the entire 5 percent stake was sold at 1525 rupees per share for a total amount of 1.91 billion rupees.  Full Article

Moody's says demonetization in India adds to short-term adjustment pressure on NBFC's
Tuesday, 21 Mar 2017 12:04am EDT 

Moody's on Indian Banking: Moody's: demonetization adds to short-term adjustment pressure on India's non-bank finance companies, but will not derail their growing franchise . NBFCs in India to demonstrate broadly stable asset quality, but delinquencies to likely rise over next 1-2 quarter, as demonetization adversely affects collections across asset classes . expects that NBFCs' funding profiles will broadly remain stable, given the reduction in systemic rates Source http://bit.ly/2nExXdM ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Union Bank of India Dec-qtr profit up about 32 pct
Wednesday, 8 Feb 2017 06:13am EST 

Union Bank of India Ltd : Dec quarter net profit 1.04 billion rupees versus net profit of 785.4 million rupees year ago . Dec quarter interest earned 82.50 billion rupees versus 79.09 billion rupees year ago . Dec quarter provisions 16.70 billion rupees versus 12.38 billion rupees year ago . Dec quarter gross NPA 11.70 percent versus 10.73 percent previous quarter . Dec quarter net NPA 6.95 percent versus 6.39 percent previous quarter . Consensus forecast for Dec quarter net profit was 2.46 billion rupees .Says provision coverage ratio as at 31.12.2016 is 50.62 percent.  Full Article

Union Bank of India appoints B. Sreeneivasa Rao as CFO
Thursday, 12 Jan 2017 07:33am EST 

Union Bank of India Ltd :Union Bank of India Ltd says B. Sreeneivasa Rao, deputy general manager has been appointed as chief financial officer (CFO) of the bank w.e.f January 12, 2017..  Full Article

Union Bank of India CFO Vivekanand H. Kamath retires
Tuesday, 3 Jan 2017 12:30am EST 

Union Bank of India Ltd :Says Vivekanand H. Kamath, CFO, has superannuated on Dec 31, 2016.  Full Article

Union Bank of India Sept-qtr profit falls about 73 pct
Friday, 4 Nov 2016 07:20am EDT 

Union Bank of India Ltd : Sept quarter net profit 1.77 billion rupees versus 6.58 billion rupees year ago . Sept quarter interest earned 82.08 billion rupees versus 81.41 billion rupees year ago . Sept quarter provisions 16.20 billion rupees versus 4.33 billion rupees year ago . Sept quarter gross NPA 10.73 percent versus 10.16 percent previous quarter .Sept quarter net NPA 6.39 percent versus 6.16 percent previous quarter.  Full Article

Moody's: Consolidation of Indian banking system presents greater risks than benefits
Monday, 27 Jun 2016 10:26pm EDT 

Moody's: Moody's: Consolidation of Indian banking system presents greater risks than benefits . India's banking system has witnessed an increase in stressed assets since 2012 . No Indian PSB currently has the financial strength to assume consolidator role without risking its own credit standing post-merger .Indian government's proposal to consolidate country's public sector banks creates risks that could offset the potential long-term benefits..  Full Article

Union Bank Of India to consider raising capital of up to 32 bln rupees
Thursday, 2 Jun 2016 02:22am EDT 

Union Bank of India Ltd : To consider raising capital through FPO/rights/QIP of up to 32 billion rupees .  Full Article

Union Bank of India March-qtr profit falls
Friday, 13 May 2016 07:16am EDT 

Union Bank of India Ltd : March-quarter net profit 961.2 million rupees; interest earned 78.88 billion rupees . March-quarter provisions 15.65 billion rupees; gross NPA 8.70 percent versus 7.05 percent previous quarter .  Full Article

KBC Asset Management sells stake in Union KBC asset management to Union Bank Of India
Monday, 5 Oct 2015 02:15am EDT 

KBC Groupe SA:KBC Asset Management sells stake in Union KBC Asset Management to Union Bank Of India.Union Bank of India and KBC Asset Management have reached agreement on sale of KBC Asset Management's 49 pct stake in Union KBC Asset Management Co Pvt Ltd.Both parties agreed not to disclose any financial details about deal.Transaction, which is still subject to regulatory approval in India, will have no impact on joint venture's client positions and product portfolio.It will not have any material impact either on KBC Group's earnings and capital.  Full Article

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BRIEF-Union Bank of India sells entire 5 pct stake in Transunion CIBIL for 1.91 bln rupees

* Says the sale of entire stake in Transunion CIBIL Limited (TUCIBIL) to Transunion International Inc