UNION BANK OF INDIA
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Union Bank of India (UBI; BSE: ) is one of the largest government-owned banks of India; the government owns over 90% of its share capital. It is listed on the Forbes 2000, and has assets of US$13.45 billion. UBI has around 4,300 branches. Four of these are overseas in Hong Kong, Dubai, Antwerp, and Sydney. UBI also has representative offices at Shanghai, Beijing and Abu Dhabi. Lastly, UBI operates in the United Kingdom through its wholly owned subsidiary, Union Bank of India (UK).
Union Bank of India (Union Bank) was registered on 11 November
1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi. At the time of India's independence in 1947, Union Bank of India had four branches – three in Mumbai and one in Saurashtra, in trade centres. By the time the Indian government nationalized Union Bank of India in 1969, it had 240 branches. In 1975, Union Bank of India acquired Belgaum Bank, a private sector bank established in 1930 that had itself merged in a bank in 1964, the Shri Jadeya Shankarling Bank (Bijapur; incorporated on 10 May 1948). Then in 1985 Union Bank of India acquired Miraj State Bank, which had been established in 1929, and which had 26 branches. In 1999 the Reserve Bank of India requested that Union Bank acquire Sikkim Bank in a rescue after extensive irregularities had been discovered at the non-scheduled bank.
1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi. At the time of India's independence in 1947, Union Bank of India had four branches – three in Mumbai and one in Saurashtra, in trade centres. By the time the Indian government nationalized Union Bank of India in 1969, it had 240 branches. In 1975, Union Bank of India acquired Belgaum Bank, a private sector bank established in 1930 that had itself merged in a bank in 1964, the Shri Jadeya Shankarling Bank (Bijapur; incorporated on 10 May 1948). Then in 1985 Union Bank of India acquired Miraj State Bank, which had been established in 1929, and which had 26 branches. In 1999 the Reserve Bank of India requested that Union Bank acquire Sikkim Bank in a rescue after extensive irregularities had been discovered at the non-scheduled bank.
Union Bank expanded internationally in 2007 with the opening of offices in Abu Dhabi, United Arab Emirates, and Shanghai in the People's Republic of China. The next year, Union Bank established a branch in Hong Kong, its first branch outside India. In 2009, Union Bank opened a representative office in Sydney, Australia.
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Union Bank of India is one of largest state-owned banks in India. The bank has a strong network of 4298 branches as of 30 June 2018. The bank has 28 ...
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Union Bank of India is one of largest state-owned banks in India. The bank has a strong network of 4298 branches as of 30 June 2018. The bank has 28 extension counters 60 satellite offices and 48 service branches as of 30 June 2018 in addition to its regular bank branches. Total number of ATMs stood at 12963 including 5407 micro ATMs & 3115 talking ATMs as of 30 June 2018. The bank also has international presence with 4 overseas branches at Hong Kong DIFC (Dubai) Antwerp (Belgium) and Sydney (Australia). In addition the bank has representative offices at Shanghai Beijing and Abu Dhabi. The bank also operates in United Kingdom through its wholly owned subsidiary Union Bank of India (UK) Ltd. Union Bank of India's portfolio of services include Retail Banking Corporate/Wholesale Banking Treasury Operations cash management services merchant banking depository services online trading in securities and clearing bank services.Union Bank of India was originally incorporated on November 11 1919 in Mumbai with the name The Union Bank of India Ltd. In the year 1921 the Bank shifted their registered office to Mumbai Samachar Marg Fort Mumbai which was inaugurated by Mahatma Gandhi. The Bank entered a growth phase in the 1960s and they aligned their activities in line with the national priorities. (Gift and Power Pay cards) 'Online NEFT' for funds transfer through Internet Banking in addition to 'Online RTGS' thereby adding to the existing array of products to meet customer needs. During Financial Year 2008-2009 the Bank launched Wealth Management Services for HNI clients through two service providers. Wealth Advisors Pvt. Ltd. is the Service Provider for the clients</ div> from South & North of India and Edelweiss Securities is the service provider for HNI clients from West & East of India. Also they made a tie up with Emkay Securities for providing Online Trading Services to their valued clients.During the year 2009-10 the Bank opened 247 new branches & 536 ATMs taking the total to 2805 branches and 2327 ATMs. As part of their global expansion initiatives the Bank opened two representative offices at Sydney in Australia and Beijing in China. Also they opened one Currency Chest at Azamgarh during the year.During the year the Bank forayed into acquiring business and started merchant enrollments across the country for installation of Point of Sale (POS) terminals accepting both VISA and MasterCard cards. Their JV Mutual Fund company 'Union KBC Asset Management Company' received in-principle approval from SEBI and their product is likely to be launched during the financial year 2010-11. In April 1 2010 the Bank opened a representative office in London. Also they received approval from RBI for opening of branches at Shanghai (China) and Antwerp (Belgium) and representative offices at Johannesburg (South Africa) and Toronto (Canada).During the year 2010-11 the Bank opened 211 branches taking the total number of domestic branches to 3015 branches. Also they opened a branch in Hong Kong. The Bank added 307 automated teller machines to their network and issued more than 1.65 million debit cards.During the year the Bank received approval from the Reserve Bank of India for converting the representative office at Sydney into a branch and the representative office in London (UK) into a subsidiary. Also the bank has approvals for opening a branch in Antwerp (Belgium) and representative offices at Johannesburg (South Africa) and Toronto (Canada).On 3 January 2011 Union Bank of India announced that it has crossed a total global business of Rs 3.2 lakh crore as at the end of December 2010 registering a growth of 24.45%.The Board of Directors of Union Bank of India at its meeting held on 5 March 2011 approved the issuance of up to 3.08 crore Equity Shares of face value of Rs. 10/- each at a premium of Rs. 344.94 aggregating up to Rs. 1096/- crore to Government of India on preferential basis. On 28 March 2011 Union Bank of India informed the stock exchanges that Securities and Exchange Board of India (Sebi) has issued Certificate of Registration to the subsidiary of Union Bank of India Union KBC Mutual Fund on 23 March 2011. Sebi has also granted its approval to the subsidiary of the bank Union KBC Asset Management Company Private Limited to act as the Asset Management Company to Union KBC Mutual Fund.On 31 March 2012 Union Bank of India informed the stock exchanges that the bank after receipt of an amount of Rs. 650.30 crore from Life Insurance Corporation of India has allotted 2.62 crore Equity Shares of the face value of Rs. 10/- each at a premium of Rs. 238.05 to Life Insurance Corporation of India on preferential basis. On 22 April 2014 Union Bank of India acting through its Hong Kong branch successfully priced a USD 350 million Reg S senior unsecured notes drawdown from its USD 2 billion Medium-Term Note Program. Consequent to the receipt of capital funds from Government of India to the tune of Rs 1080 crore Union Bank of India on 30 September 2015 issued and allotted 5.16 crore equity shares at an issue price of Rs 209.05 per equity share on preferential basis to Government of India.On 20 September 2016 Union Bank of India completed the acquisition of 49% shareholding of Union KBC Asset Management Company Private Limited and Union KBC Trustee Company Private Limited from KBC Participations Renta S.A. and its affiliates. Through this investment Dai-Ichi Life Holdings Inc.
| COMPANY | PRICE( ) | CHG() | CHG(%) | VOLUME |
| HIMATSING. SEIDE | 171.70 | 6.50 | 3.93 | 17645 |
| V-MART RETAIL | 2255.80 | 76.75 | 3.52 | 598 |
| INTELLECT DESIGN | 274.30 | 9.25 | 3.49 | 68100 |
| GE SHIPPING CO | 273.65 | 9.20 | 3.48 | 5624 |
| TEAM LEASE SERV. | 3092.55 | 103.50 | 3.46 | 1052 |
| COMPANY | PRICE() | CHG() | CHG(%) | VALUE( CR) |
| GRUH FINANCE | 291.85 | -16.65 | -5.40 | 268.42 |
| INDIABULLS HOUS. | 672.10 | -22.20 | -3.20 | 143.06 |
| YES BANK | 115.35 | -1.85 | -1.58 | 134.78 |
| LARSEN & TOUBRO | 1529.15 | 12.20 | 0.80 | 85.03 |
| INDUSIND BANK | 1425.10 | -64.95 | -4.36 | 63.50 |
INDICES
| SELECT INDEX |
| BSE Sensex
(-289.29)
| 39452.07 |
| HIGH
39799.90
| LOW
39363.45
| PREVIOUS
39741.36
|
HEAT MAP
NEWS 
- Sebi bars Prannoy and Radhika Roy from securities market, managerial postsIn its 51-page order, the markets regulator said all the three key promoters did insider trading by concealing ...
- Benchmark indices slide amid concerns over Indo-US trade tensions
Arbitrage schemes see uptick in flows as short-term investors play safe- Tighter disclosure norms for ratings firms to benefit structured products
- Input costs help Marico's earnings, will help company meet growth target
FEATURES
- Making the switch: Taking pulse of health insurance policy portabilityThe reasons are high renewal premiums, inadequate service, and need for more sum assured
PEOPLE
India well-placed to attract emerging market flows: Jonathan GarnerWe are recommending clients to shift out of China, Korea and Taiwan, and build up exposures in India, Brazil and Indonesia, says Jonathan Garner
FIIs find Indian market more attractive, says Nomura's Saion MukherjeeThe market expects inflation to be benign in the near term and will not emerge as a constraining factor for growth, says Saion Mukherjee
ANNOUNCEMENTS
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On 15 Jun 2019 | 03:07 PM
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On 15 Jun 2019 | 03:04 PM
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On 15 Jun 2019 | 03:03 PM
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CORPORATE ACTIONS
| COMPANY | DATE | AGENDA |
| ANJANI SYNTH. | 15-06-2019 | BOARD MEETING |
| CALLISTA INDUS. | 15-06-2019 | BOARD MEETING |
| GEM SPINNERS | 15-06-2019 | BOARD MEETING |
| INTEG. CAPITAL | 15-06-2019 | BOARD MEETING |
| MODISON METALS | 15-06-2019 | BOARD MEETING |
TOP GAINERSDERIVATIVES
| COMPANY | LATEST PRICE( ) | CHG(%) | VOLUME | VOLUME CHG(%) |
| NCC | 99.60 | 2.10 | 29048000 | 48.69 |
| JET AIRWAYS | 67.90 | 1.65 | 5033600 | -50.11 |
| TATA ELXSI | 860.50 | 1.49 | 1004800 | 54.02 |
| BHARTI INFRA. | 276.10 | 1.32 | 2350000 | 25.67 |
| INDIAN BANK | 263.45 | 1.25 | 2994000 | -12.51 |
| COMPANY | LATEST PRICE | VOLUME (IN MN) | OPEN INTEREST |
| YES BANK | 114.95 | 123.77 | 109705752 |
| S A I L | 50.30 | 46.37 | 98532000 |
| VODAFONE IDEA | 12.45 | 41.74 | 380571552 |
| PUNJAB NATL.BANK | 76.35 | 40.27 | 110369000 |
| ST BK OF INDIA | 344.20 | 38.42 | 69366000 |
DERIVATIVES
| NAME | PRICE() | PREV PRICE() | CHG() | CHG(%) |
| CRUDE OIL MINI | 3626.00 | 3549.00 | 77.00 | 2.17% |
| CRUDE OIL | 3626.00 | 3549.00 | 77.00 | 2.17% |
| SILVERMIC AHMEDABAD | 37300.00 | 36720.00 | 580.00 | 1.58% |
| SILVER | 37300.00 | 36720.00 | 580.00 | 1.58% |
| GOLD | 33061.00 | 32632.00 | 429.00 | 1.31% |
COMMODITIES NEWS
- Tur dal price jumps 20% in past 2 months, hits Rs 100/kg in retailUnlikely to rise further as the government allowed imports, release stock held by Nafed
- Web ExclusiveCommodity outlook by Tradebulls Securities: Buy Copper, Natural Gas
- Cashew import prices hiked by 280% to support domestic producers
COMMODITIES LINKS
LATEST RESULTS
| COMPANY | SALES ( CR) | NET PROFIT( CR) | EPS()* |
| AI CHAMPDNY | 54.85 | 1.70 | - |
| LAKSHMI OVER | 2.60 | -169.78 | - |
| NNTL | 0.00 | -0.05 | - |
| ENVAIN ELECT | 0.60 | -1.55 | - |
| DQ ENT | 28.03 | -34.43 | 0.00 |
| PROCAL ELECT | 0.00 | -0.01 | - |
| TRANSFREIGHT | 0.04 | 0.23 | - |
| RPOWER | 1585.66 | -3558.51 | 0.52 |
RESULTS CALENDAR
SEARCH
| DATE | COMPANY | PURPOSE |
| 15/06 | ANJANI SYNTH. | ANJANI SYNTHETICS LTD.-$HAS INFORMED BSE THAT THE MEETING OF T... |
| 15/06 | CALLISTA INDUS. | CHPL INDUSTRIES LTDHAS INFORMED BSE THAT THE MEETING OF THE BO... |
| 15/06 | GEM SPINNERS | GEM SPINNERS INDIA LTD.HAS INFORMED BSE THAT THE MEETING OF TH... |
| 15/06 | INTEG. CAPITAL | INTER ALIA, TO CONSIDER AND APPROVE TO APPOINT CHIEF EXECUTIVE... |
| 15/06 | MODISON METALS | THE BOARD MEETING TO BE HELD ON 15/06/2019 HAS BEEN REVISED TO... |
RESULT NEWS
- Corporate earnings down 0.1% YoY in March quarter due to slowdown in demandEarnings were hit by a combination of lower demand growth and relatively fast growth in interest, depreciation, and tax ...
- ONGC reports 31% drop in Q4 net profit on drop in production, prices
- SAIL Q4 net profit falls 42% to Rs 468 crore due to higher expenses
- Coal India posts record 362.46% rise in Q4 profit; net revenue jumps 7.53%
- Bharti Airtel reports Q4 net profit of Rs 107 cr; revenues at Rs 20,602 cr
RESEARCH REPORTS
| DATE | BROKER | ACTION | PRICE() | COMPANY |
| 14/06 | ELARA CAPITAL | ACCUMULATE | 624 |  PERSISTENT SYS |
| 14/06 | PRABHUDAS LILLADHER | HOLD | 1310 | AVENUE SUPER. |
| 12/06 | ELARA CAPITAL | BUY | 194 | APOLLO TYRES |
RESULTS TRACKER
Available for 4008 companies
Figures in Rs crore
| QUARTER | SALES | OPERATING PROFIT | NET PROFIT |
| MAR 2019 | 2,393,781.12 | 498,294.66 | 93,418.58 |
| MAR 2018 | 2,156,358.52 | 398,198.98 | 54,011.71 |
| % CHG | 11.01 | 25.14 | 72.96 |
UPCOMING RESULTS
| DATE | COMPANY |
| 17/06 | ANIK INDS |
| 18/06 | AMIT SPIN. |
| 18/06 | RSTL |
| 19/06 | BRAHM INFRA |
| 20/06 | APM INDUS. |
IPOS
| IPO NAME | OFFER PRICE BAND( ) | OPEN DATE | CLOSE DATE |
| SUDARSHAN PHARMA INDUSTRIES LTD | 75 | 12/06/2019 | 17/06/2019 |
| MEERA INDUSTRIES LTD | 225 | 13/06/2019 | 18/06/2019 |
RECENTLY LISTED IPOS
| IPO NAME | IPO PRICE() | LATEST PRICE() | LIST DATE |
| SUICH INDUSTRIES | 75 | 71.00 | JUN 13,2019 |
| CIAN HEALTHCARE | 61 | 59.90 | MAY 23,2019 |
| PAR DRUGS & CHE. | 51 | 47.70 | MAY 16,2019 |
| ARTEMIS ELECTRI. | 60 | 98.75 | MAY 14,2019 |
| NEOGEN CHEMICALS | 215 | 371.30 | MAY 08,2019 |
IPO NEWS
- Hyderabad-based Penna Cement gets Sebi nod for Rs 1,550 crore IPOThe proposed IPO consists of a fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 250 crore by ...
- Shyam Steel Industries files IPO papers, eyes to raise Rs 500 crore
- Airtel Africa plans IPO to cut debt, eyes London stock market listing
TOP PERFORMING SCHEMES
CATEGORY
| SCHEME NAME | NAV (RS) | 3 MTHS | 1 YR | 3 YRS |
| HDFC TOP 100 FUND - DIRECT (G) | 533.36 | 5.71 | 14.67 | 16.47 |
| HDFC TOP 100 FUND (G) | 511.01 | 5.56 | 13.89 | 15.63 |
| HDFC EQUITY FUND - DIRECT (G) | 723.96 | 5.18 | 13.11 | 16.40 |
| IIFL FOCUSED EQUITY FUND - DIRECT (G) | 17.55 | 9.16 | 12.70 | 16.60 |
| HDFC EQUITY FUND - (G) | 687.91 | 5.03 | 12.24 | 15.41 |
NEWS
- Symphony Ltd acquires Chinese air cooler companyDeal will boost Symphony's exports, especially to ASEAN markets via China, which has FTAs in the region
- Chinese devaluation could worsen local textile sector woes
- Bajaj Electricals is presenting sponsor of Badminton World Championship
FEATURES
- Derivatives strategies: Indicators point to some more downside in NiftyThe Nifty tested resistance at 10,900 unsuccessfully on June 13, topping out at 10,893. It has since fallen, to a low ...
SCHEME SEARCH
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