Sharekhan

Union Bank of India

Fri 22/05/2026,15:59:51 | NSE : UNIONBANK

₹ 160.720.60 (0.37%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 160.00

Previous Close

₹ 160.12

Volume

8563944

Mkt Cap ( Rs. Cr)

₹122687.31

High

₹ 161.61

Low

₹ 159.43

52 Week High

₹ 205.49

52 Week Low

₹ 124.64

Book Value Per Share

₹ 171.37

Dividend Yield

2.95

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on Union Bank of India

Your Vote -

Buy

39.92%

Hold

38.01%

Sell

22.07%

39.92%

7680 users have voted

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Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

160.72

5124

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Bid Total

5124

Bid Price

Qty

0.00

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Bid Total

0

Option Chain

Analyzes market sentiment, predicts Union Bank of India' movement.

Call Price Open interest Strike Price Put Price Open interest

News

Media spotlight triggers stock stock attention, sentiment.

  • Union Bank of In - Board Meeting Intimation for Prior Intimation Of Meeting Of The Board Of Directors Of The Bank To Discuss

    21 May 2026, 6:50PM Union Bank Of Indiahas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Change in Management

    18 May 2026, 8:05PM Union Bank of India informed the exchanged about appointment of new Chief Risk Officer of the Bank.

  • Union Bank of In - Change in Management

    18 May 2026, 8:02PM Union Bank of India has informed the Exchange about change in Management -Appointment of Chief Risk Officer (CRO) of the Bank.

  • Union Bank of In - Appointment

    14 May 2026, 5:43PM Union Bank of India has informed the Exchange regarding Appointment of Mr Debasish Prusty as Government Nominee Director of the Bank w.e.f. May 13, 20

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Change in Directorate

    14 May 2026, 5:47PM Union Bank of India has informed the Exchange about appointment of Dr. Debasish Prusty as Government Nominee Director of the Bank w.e.f. 13.05.2026

  • Union Bank of In - General Updates

    12 May 2026, 9:22PM Union Bank of India has informed the Exchange about General Updates - Disclosures pertaining to investment in ASREC (I) Ltd

  • Union Bank of In - Disclosures Pertaining To Investment In ASREC (I) Ltd

    12 May 2026, 9:20PM Disclosures pertaining to investment in ASREC (I) Ltd.

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    12 May 2026, 5:18PM Union Bank of India has informed the Exchange about OUTCOME

  • Union Bank of In - Disclosures Pertaining To Analysts/Investors Meet/Call - Outcome.

    12 May 2026, 5:15PM Disclosure pertaining to Analysts/Investors meet/Call- Outcome.

  • Union Bank of In - Disclosures Pertaining To Analysts/Investors Meet/Call - Schedule

    7 May 2026, 7:42PM Disclosure pertaining to Analysts/Investors meet/Call-Schedule

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    7 May 2026, 7:38PM Union Bank of India has informed the Exchange about Schedule of meet

  • Union Bank of In - Disclosure Regarding Centralized Database For Corporate Bonds/ Debentures As On 31.03.2026

    30 Apr 2026, 5:56PM Disclosure regarding Centralized Database for corporate bonds/debentures as on 31.03.2026

  • Union Bank of In - Intimation Of Record Dates

    30 Apr 2026, 5:36PM Intimation of Record dates

  • Union Bank of In - General Updates

    29 Apr 2026, 11:51PM Union Bank of India has informed the Exchange about disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.

  • Union Bank of In - Transcript Of Post Earnings Call Held On April 23, 2026

    29 Apr 2026, 7:48PM Transcript of Post Earning Call held on April 23, 2026

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    29 Apr 2026, 7:44PM Union Bank of India has informed the Exchange about Transcript

  • Union Bank of In - Audio Recording Of Post Earnings Call

    23 Apr 2026, 6:34PM Audio Recording of post Earning Call

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    23 Apr 2026, 6:28PM Union Bank of India has informed the Exchange about Link of Recording

  • Union Bank of In - Press Release (Revised)

    23 Apr 2026, 1:32PM Union Bank of India has informed the Exchange regarding a revised press release dated April 23, 2026, titled ""Press Release on the Financial Results

  • Union Bank of In - Press Release

    23 Apr 2026, 1:26PM Union Bank of India has informed the Exchange regarding a press release dated April 23, 2026, titled ""Press Release on the Financial Results of the B

  • Union Bank of In - Investor Presentation

    23 Apr 2026, 1:15PM Union Bank of India has informed the Exchange about Investor Presentation

  • Union Bank of In - Dividend

    23 Apr 2026, 1:08PM Union Bank of India has informed the Exchange that Board of Directors at its meeting held on April 23, 2026, recommended Final Dividend of Rs. 5 per e

  • Union Bank of In - Outcome of Board Meeting

    23 Apr 2026, 12:50PM Union Bank of India has submitted to the Exchange Audited Financial Results (Standalone and Consolidated) of the Bank for the Quarter/Year ended March

  • Union Bank of In Q4 net profit up 6.64% at Rs 5315.76 cr

    23 Apr 2026, 1:30PM The bank reported standalone net profit of Rs 5,315.76 crore for the quarter ended March 31, 2026 as compared to Rs 4984.92 crore in the same period l

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    23 Apr 2026, 1:29PM Press release on the Financial results of the Bank

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Investor Presentation

    23 Apr 2026, 1:20PM Presentation on Financial Results of the Bank for the year ended 31.03.2026

  • Union Bank of In - Audited Financial Results (Standalone And Consolidated) Of The Bank For The Quarter/Year Ended March 31, 2

    23 Apr 2026, 1:05PM Audited Financial Results (Standalone and Consolidated) of the Bank for the Quarter/year ended March 31, 2026

  • Union Bank of In - Board Meeting Outcome for Audited Financial Results(Standalone And Consolidated) Of The Bank For March 31,

    23 Apr 2026, 12:34PM Audited financial results for FY 31 March, 2026.

  • Union Bank of In - Schedule Of Earnings Call For The Quarter/Year Ended On March 31, 2026

    20 Apr 2026, 7:35PM Schedule of Earning Call for the Quarter/year ended on March 31, 2026

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    20 Apr 2026, 7:33PM Union Bank of India has informed the Exchange about Schedule of meet

  • Union Bank of In - Board Meeting Intimation for Notice Of Meeting Of Board Of Directors Of The Bank Scheduled On April 23, 20

    20 Apr 2026, 6:48PM Union Bank Of Indiahas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/04/2026 ,inter alia, to consider and

  • Union Bank of In has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2026

    17 Apr 2026, 12:20PM As of March 2026, 74.76% is owned by Indian Promoters and 25.24% by Public. <p align=justify> Institutional holds 20.88% (Insurance Companies 7.02%) a

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Cessation

    10 Apr 2026, 8:01PM Change in Directorate - Completion of tenure of one Part - time Non - Official Director of the Bank.

  • Union Bank of In - Cessation

    10 Apr 2026, 7:56PM Union Bank of India has informed the Exchange regarding Cessation of Mr Shri Suraj Srivastava as Non- Executive Independent Director of the company w.

  • Union Bank of In - Statement Of Debt Securities For The Half Year Ended On March 31, 2026.

    10 Apr 2026, 6:38PM Statement of Debt Securities for the half year ended on \r\nMarch 31, 2026.

  • Union Bank of In - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    6 Apr 2026, 3:14PM Union Bank of India has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

  • Union Bank of In - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    6 Apr 2026, 3:26PM Certificate under Reg. 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on\r\nMarch 31, 2026

  • Union Bank of In - Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

    2 Apr 2026, 10:04PM Provisional Business Figures as 31.03.2026

  • Union Bank of In - General Updates

    2 Apr 2026, 9:49PM Union Bank of India has informed the Exchange about Provisional Business Figure for the period ended 31.03.2026.

  • Union Bank of In - Updates

    2 Apr 2026, 5:13PM Union Bank of India has informed the Exchange regarding 'Disclosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011 as of March 31, 2026.'.

  • Union Bank of In - Disclosure Under Regulation 31(4) Of SEBI (SAST) Regulations, 2011 As Of March 31, 2026.

    2 Apr 2026, 5:20PM Disclosure under Regulation 31 (4) of SEBI (SAST) Regulations, 2011 as of March 31, 2026

  • Union Bank of In - Change in Management

    1 Apr 2026, 4:28PM Union Bank of India has informed the Exchange about change in Management

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Change in Management

    1 Apr 2026, 4:24PM Change in Senior Management of the Bank.

  • Union Bank of In - General Updates

    27 Mar 2026, 6:02PM Union Bank of India has informed the Exchange about Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015, as amended.

  • RBI imposes Rs 95.40 Lakh Penalty on Union Bank of India

    27 Mar 2026, 6:02PM The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 95.40 lakh on Union Bank of India for non-compliance with regulatory guidelines r

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Credit Rating

    27 Mar 2026, 10:40AM Reporting under Regulation 30 of the SEBI (LODR), Regulations, 2015

  • Union Bank of In - Trading Window

    25 Mar 2026, 3:44PM Union Bank of India has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

  • Union Bank of In - Disclosures Pertaining To Analysts/Investors Meet/Call - Outcome.

    24 Mar 2026, 7:28PM Disclosures pertaining to Analysts/Investors meet/Call- Outcome

  • Union Bank of In - Disclosures Pertaining To Analysts/Investors Meet/Call - Outcome

    24 Mar 2026, 7:25PM Disclosures pertaining to Analysts/Investors meet/Call - Outcome.

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    24 Mar 2026, 7:21PM Union Bank of India has informed the Exchange about OUTCOME

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    24 Mar 2026, 7:17PM Union Bank of India has informed the Exchange about OUTCOME

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Allotment

    24 Mar 2026, 12:07PM Issue of Long - Term Bonds for financing of Infrastructure and affordable housing.

  • Union Bank of In - Fund Raising Through Issue Of Long-Term Bonds For Financing Of Infrastructure & Affordable Housing

    20 Mar 2026, 7:28PM Fund raising through issue of Long-Term Bonds for Financing of infrastructure and affordable housing

  • Union Bank of In - General Updates

    20 Mar 2026, 7:24PM Union Bank of India has informed the Exchange about Fund raising through issue of Long-Term Bonds for financing of infrastructure & affordable housing

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    18 Mar 2026, 5:25PM Union Bank of India has informed the Exchange about Schedule of meet

  • Union Bank of In - Disclosures Pertaining To Analysts/Investors Meet/Call - Schedule

    18 Mar 2026, 5:13PM Disclosure pertaining to Analysts/Investors meet/Call - Schedule.

  • Union Bank of In - Disclosures Pertaining To Analysts/Investors Meet/Call - Schedule

    18 Mar 2026, 5:11PM Disclosure pertaining to Analysts/Investors meet/Call -Schedule 24.03.2026

  • Union Bank of In - Updates

    16 Mar 2026, 10:36AM Union Bank of India has informed the Exchange regarding 'Outcome of the Meeting of the Committee of Directors for fund raising (Non-Capital) held on M

  • Union Bank board approves fund raising via bonds

    16 Mar 2026, 10:51AM Union Bank of India said the Committee of Directors for Fund Raising (Non-Capital) has approved plans to raise up to Rs 20,000 crore through long-term

  • Union Bank of In - Outcome Of The Meeting Of The Committee Of Directors For Fund Raising (Non-Capital) Held On March 16, 2026

    16 Mar 2026, 10:39AM Outcome of the Meeting of the Committee of Directors for fund raising (Non - Capital) held on March 16, 2026.

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Credit Rating

    13 Mar 2026, 7:46PM Disclosure under Regulation 30 (LODR)_Credit Rating

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Credit Rating

    13 Mar 2026, 4:11PM Union Bank of India informed the exchange about Credit Rating

  • Union Bank of In - Prior Intimation Of Meeting Of The Committee Of Directors For Fund Raising (Non-Capital)

    11 Mar 2026, 9:37PM This information is furnished in terms of Regulation 29(1)(d), 29(2) and 50 (1) of the SEBI (Listing Regulation and Disclosure Requirements)Regulation

  • Union Bank of In - Certificate For Timely Payment Of Annual Interest On Bonds

    2 Mar 2026, 5:29PM Certificate for timely payment of Annual interest on Bonds

  • Union Bank of In - Disclosures Pertaining To Analysts/Investors Meet/Call - Outcome - UBS Global Asset Management, Singapore

    26 Feb 2026, 6:51PM Disclosure pertaining to Analysts/Investors meet/Call - Outcome - UBS Global Asset Management, Singapore

  • Union Bank of In - Disclosures Pertaining To Analysts/Investors Meet/Call - Outcome - Annual Flagship Investor Conference - C

    26 Feb 2026, 6:48PM Disclosures pertaining to Analysts/Investors meet/Call - Outcome - Annual Flagship Investor Conference - Chasing Growth 2026 conducted by Kotak Securi

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    26 Feb 2026, 6:41PM Union Bank of India has informed the Exchange about Outcome of meet

  • Union Bank of In - Analysts/Institutional Investor Meet/Con. Call Updates

    26 Feb 2026, 6:39PM Union Bank of India has informed the Exchange about Outcome of meet

  • Union Bank of In - Credit Rating- New

    25 Feb 2026, 7:28PM Union Bank of India has informed the Exchange about Credit Rating- Reporting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requireme

  • Union Bank of In - Announcement under Regulation 30 (LODR)-Credit Rating

    25 Feb 2026, 7:21PM Reporting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015. - India Rating - Fitch Rating.

  • Union Bank of India

    28 Apr 2026 , 9:49AM Union Bank: NII came in at Rs 786 crore, up a robust 30.9% YoY and 4.5% QoQ driven by strong loan growth and margin expansion on YoY basis. NIM contracted marginally by 2 bps QoQ to 3.87%, though it was up 27 bps YoY, reflecting the benefit of lower funding costs and improved asset quality over the prior year. Opex grew 21.0% YoY and 2.6% QoQ to Rs 497 crore, largely driven by business volume additions and branch capacity expansion. Operating profit was a strong beat at Rs 580 crore vs. estimate of Rs 542 crore (+7%). PAT came in at Rs 360 crore, up 24.9% YoY and 8.3% QoQ, ahead of our estimate of Rs 350 crore (+3% beat). Advances surged 26.5% YoY and 8.2% QoQ to Rs 65,875 crore, Deposit growth was also healthy at 23.3% YoY and 11.1% QoQ to Rs 78,308 crore, supporting the bank's balance sheet expansion.

  • Union Bank of India

    6 Apr 2026 , 11:06AM Union Bank of India: The bank announced its provisional business update for the fourth quarter, reporting a 5.79% YoY rise in total global business to ₹23.85 lakh crore, along with a 6.52% sequential increase. Global deposits stood at ₹13.06 lakh crore, registering a 2.72% growth compared to the previous year and a 6.87% rise QoQ. Meanwhile, the bank’s global advances reached ₹10.78 lakh crore, marking a 9.76% increase YoY and a 6.09% sequential growth.

  • Union Bank of India

    26 Feb 2026 , 10:12AM Union Bank of India: The bank has had its long-term and short-term issuer default ratings affirmed by Fitch Ratings at BBB- with a Stable outlook and F3, respectively, while its viability rating was upgraded to bb, alongside an upgrade to its long-term ex-government support rating to BB. Fitch’s actions reflect sustained improvements in the bank’s asset quality, capitalisation, and profitability. Positive

  • Union Bank of India

    9 Jul 2025 , 11:39AM Union Bank of India: Global deposits increase 3.63% to Rs 12.39 lakh crore Vs Rs 11.96 lakh crore. Global gross advances soar 6.8% to Rs 9.74 lakh crore Vs Rs 9.12 lakh crore. Domestic RAM jumps 10.31% to Rs 5.44 lakh crore Vs Rs 4.94 lakh crore. Domestic retail advances spike 25.60% to Rs 2.28 lakh crore Vs Rs 1.82 lakh crore.

  • Union Bank of India Q4 (Standalone YoY)

    9 May 2025 , 10:56AM Union Bank of India Q4 (Standalone YoY): Profit zooms 50.6% to Rs 4,984.9 crore Vs Rs 3,310.6 crore. Net interest income rises 0.8% to Rs 9,514 crore Vs Rs 9,436.6 crore. Provisions and contingencies jump to Rs 1,543.9 crore Vs Rs 1,259.6 crore. Gross NPA drops to 3.60% Vs 3.85% (QoQ). Net NPA declines to 0.63% Vs 0.82% (QoQ).

  • Union Bank of India

    7 Jun 2024 , 12:47PM The board will meet on June 11 to discuss a capital raising plan. This will be done via rights issue, private placements, QIPs, or preferential allotment.

  • Union Bank of India

    24 Nov 2023 , 11:54AM ICRA has upgraded the credit rating of Union Bank to AAA and revised outlook to ‘Stable’ from ‘Positive’. Positive

  • Union Bank of India board nod to raise fund via QIP

    22 Aug 2023 , 12:26PM Union Bank of India gets board approval for fund raising of up to Rs 5,000 crore

  • Union Bank of India

    22 Aug 2023 , 10:40AM Union Bank: Bank has approved the raising of funds to the tune Rs.5,000 crore through issue of equity shares through QIP at a floor price of Rs. 91.10 per equity share.

  • Union Bank of India

    22 Aug 2023 , 10:22AM Union Bank: Bank has approved the raising of funds to the tune Rs.5,000 crore through issue of equity shares through QIP at a floor price of Rs. 91.10 per equity share. Positive Read through

  • Union Bank board approves raising fund of up to Rs. 500 cr

    17 Dec 2021 , 3:00PM Union Bank board nod raising fund of up to Rs. 500 cr with greenshoe option of Rs. 1,000 cr

  • Union Bank of India

    2 Jun 2021 , 10:40AM Union Bank of India: The bank has nominated A K Vinod as its chief compliance officer.

  • Union Bank of India

    21 May 2021 , 12:30PM Union Bank of India has raised Rs 1,447 crore through qualified institutions placement. The bank’s QIP issue had opened on May 17 at an issue price of Rs 33.82 per share.

  • Union Bank of India

    18 Mar 2021 , 12:25PM The state-run lender has partnered with retail brokerage house SMC Global Securities to offer online trading services to its customers.

  • Union Bank of India

    4 Mar 2021 , 12:10PM Rating agency ICRA has assigned AA+ (HYB)/Negative as credit rating to the bank’s proposed Basel III Compliant Tier-II bonds aggregating up to Rs 2,000 crore.

  • Union Bank of India

    9 Feb 2021 , 11:15AM Union Bank of India (UBI) plans to rationalise about 950 of its branches soon. The bank has targeted to rationalise about 950 branches in the first year of amalgamation of Corporation Bank and Andhra Bank with itself, as per media reports. Corporation Bank and Andhra Bank were amalgamated with Union Bank with effect from April 1, 2020. The government, in August 2019, had announced the merger of 10 public sector lenders into four bigger and stronger banks.

  • Union Bank of India

    8 Feb 2021 , 2:11PM The tenure of Shri Rajiv Kumar Singh, Part-Time Non-Official Director under Chartered Accountant Category has ended on February 5, 2021. Consequently, Shri Singh has ceased to be the Director of the Bank.

  • Union Bank of India

    8 Feb 2021 , 11:53AM The tenure of Shri Rajiv Kumar Singh, Part-Time Non-Official Director under Chartered Accountant Category has ended on February 5, 2021. Consequently, Shri Singh has ceased to be the Director of the Bank.

  • Union Bank of India

    15 Jan 2021 , 11:30AM Union Bank of India: As per media reports the bank plans to raise Rs 2,000-3,000 crore after its third quarter results announcement, which is slated for the last week of January. The bank has shareholder permission to raise up to Rs 6,800 crore but it is not expected to raise more than Rs 3,000 crore as the risk appetite for public sector bank shares is still not the best and UBI is still finetuning its acquisition of Corporation Bank and Andhra Bank.

  • Union Bank of India

    11 Jan 2021 , 2:14PM The bank has reduced Marginal Cost of Funds-based Lending rate (MCLR) by 15 basis points and 5 basis points in the overnight and 1 Month tenor, respectively. Overnight MCLR now stands at 6.60 %, down from 6.75% and 1 Month MCLR now stands at 6.70 %, down from 6.75 %. Revised MCLR will be effective from Jan 11, 2021

  • Union Bank of India to raise Rs. 1,000 cr via bonds

    8 Jan 2021 , 11:37AM Union Bank of India to raise up to Rs. 1000 crore Tier I Capital

  • Union Bank of India

    18 Dec 2020 , 11:34AM Rating agency S&P Global Ratings has revised down Union Bank of India’s (UBI) standalone credit profile (SACP) to ‘BB-’ from ‘BB’ on weak capital buffers. The global credit rating agency believes UBI’s capital buffers have weakened due to the institution’s merger with Andhra Bank and Corporation Bank earlier this year, as well as three consecutive years of accumulated losses. S&P, however, affirmed UBI’s long-term and short-term issuer credit ratings at ‘BB+’ and ‘B’, respectively. S&P also affirmed ‘BB+’ long-term issue rating on the bank’s senior unsecured notes. The agency in a statement said that the outlook on the long-term rating is stable.

  • Union Bank of India

    14 Dec 2020 , 10:46AM Union Bank of India: The Bank is issuing Basel Ill Compliant Perpetual Debt Instruments in the nature of Debentures eligible for inclusion in Additional Tier 1 Capital (AT-1 Bonds) of Rs. 500 crore with Green Shoe Option up to Rs.1,000 crore (maximum Rs.1,500 crore) on Private Placement basis. Coupon Rate is to be of 8.73%.

  • Union Bank of India

    26 Nov 2020 , 11:14AM bank will obtain shareholders' approval for raising of equity capital up to Rs 6,800 crore by way of various modes. Extraordinary General Meeting ('EGM') of the Bank on December 30, 2020 at 11.00 am (IST) to obtain shareholders' approval for raising of equity capital upto Rs.6,800 crore (including premium, if any) during the FY 2020-21.

  • Union Bank of India

    25 Nov 2020 , 11:11AM The Bank is issuing Basel-Ill Compliant Tier II Bonds in the nature of Debentures aggregate issue size not exceeding Rs. 1,000 Crore, with a base issue size of up to Rs. 500 Crore and a Green Shoe option to retain oversubscription up to Rs. 500 Crore at the coupon rate of 7.18% pa.

  • Union Bank of India

    15 Oct 2020 , 11:23AM lndia Ratings and Research Private Limited on October 14, 2020 has revised the ratings of the Tier 2 Bonds issued by the Bank from IND AA+ (Rating watch evolving) to IND AA+ (Stable).

  • Union Bank of India

    9 Oct 2020 , 10:42AM Rating agency CARE Ratings has revised ratings to 'CARE AA+ Outlook Negative' from 'CARE AA+ (Under Credit watch with Developing Implications)'.

  • Union Bank of India

    11 Sep 2020 , 11:05AM The bank will cut lending rates by 5 bps across tenures from September 11.

  • Union Bank of India

    1 Jul 2020 , 11:28AM UBI: Government of India has granted extension of two years to current MD &CEO Rajkiran Rai on backdrop of current merger. The CEO’s currently notified term was to expire on June 30, 2020.

  • Union Bank of India

    26 Jun 2020 , 11:59AM Union Bank of India – Q4FY2020 Result Update: Headwinds cloud the outlook, Book out

  • Union Bank of India

    24 Jun 2020 , 10:23AM Union Bank of India – Q4 FY20 Results First Cut – Mixed Results

  • Union Bank of India

    18 Jun 2020 , 12:00PM The bank has shared the Covid impact. Profitability likely to be impacted in H1 FY21E due to weak business environment. At present most branches have resumed full operations, but credit and recovery process was impacted due to the pandemic.

  • Union Bank

    11 Mar 2020 , 11:27AM State-owned Union Bank of India has announced reduction in its marginal cost of funds-based lending rate (MCLR) by 10 basis points (BPS) across all tenors, effective March 11.

  • Union Bank of India

    11 Feb 2020 , 3:11PM Union Bank of India: Q3 FY20 Result Update: Wobbly asset quality outlook continues

  • Union Bank of India

    11 Feb 2020 , 3:10PM Union Bank of India: Q3 FY20 Result Update: Wobbly asset quality outlook continues

  • SBI, Union Bank

    3 Jan 2020 , 10:50AM As per media reports State Bank of India (SBI) and Union Bank of India are looking to sell their non-performing loans totalling Rs 2,836 crore to banks, asset reconstruction companies etc. SBI has put on sale three assets worth Rs 1,554.87 crore and the Union Bank of India has invited bids to sell 11 NPAs worth Rs 1,280.87 crore through e-auctions during January. – Neutral read thru

  • Union Bank of India

    15 Nov 2019 , 12:24PM Union Bank of India – Q2FY20 result update: Wobbly asset quality affects outlook

  • Union Bank of India reports weak performance

    11 May 2018 , 11:05AM We downgrade the rating to Reduce on the stock with a revised PT of 80.

  • CBI registers Rs1,394.43 cr bank fraud against Totem Infrastructure

    23 Mar 2018 , 12:38PM Sentimentally negative as this loan is already classified as a NPA in the bank's books since 2012.

  • Union Bank to offload 26 large stressed accounts amounting to nearly Rs 5,900 crore

    7 Mar 2018 , 10:46AM Positive read through for Union Bank Of India as the bank plans to offload 26 large stressed accounts amounting to nearly Rs 5,900 crore, including some large power projects and metals companies.

  • Union Bank reports weak performance in Q3FY18

    5 Feb 2018 , 3:58PM Union Bank of India (UNBK) posted weak Q3FY18 results, where its net interest income (NII) increased by 19.3% YOY to Rs 2,548 crore but its asset quality worsened sharply.

  • Union Bank of India to raise funds via QIP

    8 Dec 2017 , 9:13AM Union Bank of India to raise up to Rs 2000Cr via QIP

  • Union Bank Q2 operating performance subdued

    6 Nov 2017 , 11:14AM In Q2FY18, Union Bank of India (UBI) operating performance was subdued. Net interest income (NII) grew marginally by 1.9% y-o-y to Rs. 2,320.7 crore owing to interest reversals that slowed growth.

  • Union Bank of India to raise Rs2000 Cr

    6 Sep 2017 , 10:26AM Union Bank of India plans to raise ~Rs2000 crore via Qualified institutional placement (QIP).

  • Union Bank of India: Q1FY18 result update

    11 Aug 2017 , 9:34AM Union Bank of India reported better-than-industry loan book growth of 9.9% YoY, driven by improved retail portfolio
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Key fundamentals

Evaluate the intrinsic value of Union Bank of India stock 

Name March-25 March-24 March-23 March-22 March-21
Assets 1499855.7081 1391957.6169 1280752.4513 1187591.0609 1071705.8448
Liabilities 1499855.7081 1391957.6169 1280752.4513 1187591.0609 1071705.8448
Equity 7633.6056 7633.6056 6834.7475 6834.7475 6406.8444
Gross Profit 4737.1679 6241.1688 -1758.2742 -3207.3101 -8042.2086
Net Profit 17987.1462 13648.3066 8433.2777 5232.0958 2905.9651
Cash From Operating Activities 17436.63 20328.7 5984.33 36213.89 20442.99
NPM(%) 16.69 13.67 10.44 7.7 4.22
Revenue 107725.9729 99777.9577 80743.3386 67943.9508 68767.3349
Expenses 102988.805 93536.7889 82501.6128 71151.2609 76809.5435
ROE(%) 13.74 10.43 6.44 3.99 2.22

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
5 50 2.96 179.71
25 Jul 2025 4.75 47.5 2.96 115.58
19 Jul 2024 3.6 36 2.96 142
22 Jun 2022 1.9 19 2.96 36.15
17 Jun 2016 1.95 19.5 2.96 109.1
18 Jun 2015 6 60 2.96 143.65
19 Jun 2014 1.3 13 2.96 135.25
20 Jan 2014 2.7 27 2.96 129.3
20 Jun 2013 8 80 2.96 242.5
21 Jun 2012 8 80 2.96 202.95
16 Jun 2011 8 80 2.96 320
24 Jun 2010 5.5 55 2.96 296.7
18 Jun 2009 5 50 2.96 159.4
17 Jun 2008 4 40 2.96 173.45
14 Jun 2007 2 20 2.96 108.9
11 Jan 2007 1.5 15 2.96 122.7
08 Jun 2006 3.5 35 2.96 116.3
07 Jun 2005 1.5 15 2.96 100.3
18 Feb 2005 2 20 2.96 116.15
07 Jun 2004 1.5 15 2.96 82.85
30 Jan 2004 2 20 2.96 55.2
06 Jun 2003 2.1 21 2.96 25

Peers

Other companies within the same industry or sector that are comparable to Union Bank of India

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Equitas Small Finance Bank Ltd 66.48 -3.60 73.87 18334.69 12.88 0.00
Fino Payments Bank Ltd 125.18 3.57 19.87 1338.57 111.19 0.00
Central Bank of India 31.27 -7.81 6.25 145591.77 49.98 0.60
Kotak Mahindra Bank Ltd 384.15 0.87 19.81 31980.57 1939.16 0.13

Company Info

YEAR EVENTS 1969 - The Bank was brought into existence by the Ordinance issued on 10th July, by the Central Government. In terms of the Ordinance, the Undertaking of `The Union Bank of India, Ltd.', was replaced by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1969. An Ordinance was thereupon promulgated which was later repalced by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 which was made effective retrospectively from 19th July, 1969. 1970 - Under the `Lead Bank' scheme, the Bank was allotted 5 districts and the survey reports in respect of 3 districts were submitted. - The Bank opened a total of 36 branches in the lead districts till the end of 1972. 1972 - A fresh study-cum-survey was undertaken for evaluation of results of the Bank's activities in the area, further identification of growth area and credit gaps and preparation of a concrete programme of action in such areas. The Bank sponsored four regional rural banks. 1982 - Rs 275,00,000 was capitalised. 1985 - Rs 2400,00,000 contributed by Government. 1986 - Rs 14,00,00,000 contributed by Government. 1988 - Rs 14,00,00,000 contributed by Government. 1991 - Rs 50 crores contributed by Government. 1993 - Rs 230 crores contributed by Government. 2000 - M. Venugopal, chief executive of Bank of India's European Operations, has been appointed executive director of Union Bank of India. - Union Bank of India has introduced a special leave scheme for its employees. - The Bank has introduced novel credit schemes for housing and consumer finance. 2001 -Bank closed its voluntary Retirement Scheme. -United Bank of India has raised Rs.100cr by way of subordinated debt under Tier II. -UBI cuts its Prime Lending Rate to Rs.11.50% from 12.50%. -United Bank of India has launched special Deposit Scheme for senior citizens, which will offer a high rate of interest on all domestic term deposit. -United bank of India staff college, which received ISO 9001 certification is offering its training programmes on commercial basis. -Bank appoints PriceWaterCoopers(PwC) as consultant for putting in place a structured asset liability management and risk management system. -UBI has identified KPMG as its strategic technology consultant for implementing the 'core banking solution'. -Taking into consideration the sovereign ownership, diversified risk portfolio, consistent track record, the credit rating agency (ICRA) has assigned an LAA rating to the 100cr subordinated debt programme of UBI. -UBI bond issue for Rs. 100cr was oversubscribed by over 20% on the first day. -UBI has increased the maximum limit for investments in 'held for trading' securities to Rs.1000cr for the current fiscal in a bid to increase its bottomline. -Bank lowers the interest rates on all maturities. -HDFC Standard Life Insurance Company has tied up with Union Bank of India for selling its insurance products. -UBI has forayed into the loan syndication business for corporates. The bank has raised a one-year syndicated loan of Rs.400cr IOC. -Chennai based SSI has signed an agreement with Union Bank of India to jointly provide loans to students to pursue IT education. 2002 -UBI ties up with New India Insurance Company for market and distribute the products of New India Insuranc Co on a commission basis. -The issue of 170cr Tier-II subordinated debt was fully subscribed within two hours of its opening. -UBI has recorded 102% hike in the net profit to Rs. 314cr from Rs.155cr as in the last year. -UBI has brought down interest rates on its housing loans. -UBI introduced a new scheme called 'Union Express Remittance scheme' to provide service to NRI in West Asia. The scheme would reduce the time lag in the receipt of draft by the beneficiary. -UBI has set up Cash Management Services (CMS) in coimbatore. -Union Bank has tied up with two IT companies to develop core banking solutions. -Shares of UBI were listed on sensex, Nifty. -Union Banks specially designed loan product 'Union Rent' for owners of buildings or portion thereof rented out to reputed companies has got good response. -Union Bank of India has launched an emergency cash-on-hand scheme christened as'Union Lifeguard' to cater to the hospitalization needs in Mumbai. -Standard Chartered bank has entered into an 'agency trade services agreement with UBI, according to which all letters of credit issued by UBI to Asian countries would be done through StanChart. 2003 -UBI launches 2 new schemes that is NRI Foreign Currency Loans(NRIFCL) and Domestic Resident Foreign currency accounts for the benefit of NRI and FCNR(B) customers. -UBI has launched today its major IT initiative, the Core Banking Solution(CBS), for Anywhere Banking interconnecting its 12 branches across centres. -Union Bank has signed an agreement with Corporation Bank to share its Cash Management System infrastructure. -UBI implemented Quality Management System in 64 branches and 3 extension counters and obtained ISO-9001 certification. -Union Bank ties up with more banks for the sharing of ATM network. -UBI has launched Union BillPay, a convenient utility bill payment service for its customers in association will Billdesk. -Tata Consultancy Services, jointly with PeopleSoft Solutions is to implement an end-to-end integrated HRMS and payroll solution for UBI. -Towards its expansion, Union Bank has signed a contract with 2 more exchange companies, one each with UAE Exchange Centre and Al Muzaini Exchange Company in the middle east. -UBI with other five PSB's launched Cashtree, a network to interconnect all their countrywide ATM's at Bangalore. -Union Bank has forged with an alliance with Maruti Udyog Ltd and Ford India Ltd for providing loans to their customers at competitive and plans to expand its business in retail services. -UBI has tied up with Jain Irrigation Systems Ltd to offer crop finance schemes to farmers. -Central Government has appointed Mr. Suresh Vishnupant Dange, special Assistant, Union Bank of India. -UBI's Chairman and Managing Director has been appointed as Chaiman of India Bank Association. -Union Bank launches new schemes and hike interest rates on non-resident indian deposits. -Raises Rs.250 crores towards Tier II Capital -Opens representative offices at Dubai (UAE) & Doha (Qatar) -Union Bank of India & Ford India tie-up for financing ford cars -Moodys Investor Services has upgraded the rating of Union Bank to D- from E . -UBI joins hands with Eicher, L&T for farm financing -UBI launches unqiue Housing Loan Scheme for IB staff 2004 -Union Bank of India Launches Union Suraksha - Easy Life Cover -Union Bank ties up with HDFC Standard Life to provide bank depositors an insurance cover under group policy with a target to bring in 50,000 customers under risk cover -Union Bank of India has informed that the Central Government has nominated Shri A N Rao, Chief General Manager, Dept of Exp & Budgetary Control, Reserve Bank of India, Mumbai as a Director of Union Bank of India with effect from January 09, 2004 and until further orders vice Shri P Saran, RBI nominee Director on the Board of the Bank. -Union Bank of India has entered into a bancassurance tie-up with the Export Credit Guarantee Corporation Ltd (ECGC) for marketing the latter's export credit insurance products -Union Bank Of India has informed that the Bank's Juhu Tara Road Branch has bagged the 'Best Branch Award for Technosavvy & Customer Friendly' awarded by the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad. -Union Bank Of India has informed that the Bank has on April 07, 2004, inked an agreement with SBI Life Insurance Co. Ltd. to make available to the Bank's Home Loan borrowers' life insurance cover on group basis. -TVS Motor Company and Union Bank of India (UBI) have announced the launch of `Union Miles Scheme,' an exclusive two-wheeler finance scheme - Union Bank of India (UBI) has signed an agreement at Kochi, to facilitate international money transfer services using UAE Exchange Company's `Xpress Money' on April 28, 2004. -Union Bank of India has launched Union e-Remit, powered by TimesofMoney -UBI ties up with Reliance MF to sell its products -Union Bank of India in association with SBI Life Insurance has launched its new product, Union Home Plus -The Union Bank of India and the TVS company have tied up to provide finance for purchase of 3,000 motor-cycles in the coastal districts during the current financial year -The Union Bank Of India has launched a new scheme `Union Home Plus' for the benefit of housing loan borrowers -Union Bank of India inaugurated its retail finance boutique at Ghatkopar (East) in Mumbai -Union Bank of India has tied up with SBI Life to provide a group life insurance scheme for housing loan borrowers in Andhra Pradesh called 'Union Home Plus' -Union Bank of India has launched a life insurance linked recurring deposit (RD) scheme in association with the Life Insurance Corporation of India. -Union Bank of India introduced six new products, including an insured recurring deposit scheme in association with Life Insurance Corporation, as part of its strategy to become a "one-stop shop" -UTI Mutual Fund (UTI MF) and Union Bank of India announced a strategic tie up for distribution of UTI MF Schemes -Union Bank of India has signed a memorandum of understanding for a tractor financing arrangement with Indo Farm Tractors & Motors Ltd and L&T - John Deere Pvt. Ltd on all India basis. Indo Farm Tractors & Motors Ltd has agreed to offer discount of Rs 6,000 for tractors up to 45 H.P. and Rs 6,500 for tractors above 45 H.P. L&T - John Deere Pvt. Ltd has offered discount of Rs 4,000 -UBI launches new 'insurance recurring deposit' scheme -UBI forges alliance with Netafim Irrigation Pvt Ltd 2005 - Principal PNB Asset Management Company ties up with Union Bank of India for distribution of their mutual fund schemes. -Union Bank's tie-up for Boosting Agriculture Lending -Union Bank unveils new scheme to promote milk production -UBI opens retail mart in Pune -Union Bank's Launch of On-Line Trading Services -Union Bank of India launches new agri-clinic scheme 2006 -Dena Bank and Union Bank of India have tied up with Small Farmers Agri-business Consortium (SFAC) to facilitate growth of agri business. -Union Bank ties up with LIC to unveil group insurance. - Union Bank of India has nominated Smt. Rani Satish as part-time non-official Director on the Board of the Bank for a period of three years from the date of notification i.e. January 02 ,2007 or until her successor is nominated or until further orders, whichever is the earliest. -Union Bank inks agreement with DGFT -Union Bank joins hand with NBHC -Union Bank launches sale of gold coins 2007 - Union Bank of India has informed that the Central Government, in exercise of the powers conferred by clause (a) of Sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 / 1980, read with sub-clause (1) of clause 3, sub-clause(1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, and after consultation with the Reserve Bank of India, have appointed Shri. T Y Prabhu, General Manager, Canara Bank, as Executive Director of the Bank, from the date of his taking charge of the post and until further orders or till the date of his superannuation i.e. up to December 31, 2010, whichever is earlier. -Union Bank sets up retail asset branch at Madurai 2008 - Union Bank of India has informed that the Central Government, in exercise of the powers conferred by Sub-section 3(h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, have nominated Shri. Ashok Singh as part-time non-official Director on the Board of the Bank for a period of three years from the date of notification i.e. February 19, 2008 or until further orders, whichever is earlier. -Union Bank Of India had informed regarding appointment of Smt. Monika Kalia as Company Secretary of the Bank. The Bank has now informed that Smt. Monika Kalia is designated as Compliance Officer of the Bank. Her Contact number is 22896650 and E-mail id is monikakalia@unionbankofindia.com. -Union Bank of India has rolled out two prepaid cards- Gift Card and Payroll Card. Both the cards are issued in denomination of Rs 500 to Rs 50,000 and are Visa-enabled. Gift Cards are issued in convenient denomination of Rs 500 to Rs 50,000. -Union Bank launches wealth management services - Union Bank of India has informed that the Central Government, in exercise of the powers conferred by clause (e) of sub-section 3 of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, read with sub-clause (2) (a) of clause 9 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, has appointed Shri. N Shankar as Workmen Director on the Board of Union Bank of India in place of Shri. Suresh Vishnupant Dange, for a period of three years from the date of notification i.e. September 15, 2008 or until further orders, whichever is earlier. 2009 - Union Bank of India has informed BSE that the Central Government, in exercise of the powers conferred by sub-section 3 (h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Dr. Gulfam Mujibi as part-time non-official Director on the Board of Directors of the Bank, for a period of three years from the date of notification i.e. January 29, 2009 of his appointment or until further orders, whichever is earlier. - Union Bank of India has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 22, 2009, to elect three Directors from amongst shareholders other than the Government of India, in place of the following retiring shareholder's directors: Shri. R R Nair, Prof. N L Sarda, Prof. M S Sriram. Further it may be noted that the following three Directors have been elected in the aforesaid Extraordinary General Meeting. Shri. Arun Kumar Nanda, Prof. M S Sriram (re-elected), Shri. S Ravi. - Union Bank Of India has appointed Shri S.C. Kalia, (DoB :06.08.1951) Executive Director of Vijaya Bank, as Executive Director of Union Bank of India. - Union Bank of India appointed Mr S.C. Kalia as Executive Director. 2010 - Union Bank of India has nominated Shri B. M. Sharma, as part-time non-official director under Chartered Accountant Category, on the Board of Directors of Union Bank of India, for a period of three years from the date of notification i.e. April 16, 2010, of his appointment and/or until further orders, whichever is earlier. - Union Bank of India has informed BSE that the Central Government, in exercise of the powers conferred by clause (c) sub-section 3 of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Smt. Meena Hemchandra, as Director under RBI Nominee Category, on the Board of Directors of Union Bank of India, in place of Shri K. Sivaraman with immediate effect from the date of notification i.e. July 30, 2010 and until further orders. - Union Bank of India has informed BSE that the Central Government, in exercise of the powers conferred by clause (a) of Sub section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 and sub clause(1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, and after consultation with the Reserve Bank of India, has appointed Shri. S S Mundra, General Manager, Bank of Baroda, as Executive Director of Union Bank of India, with effect from the date of his taking over charge of the post and up to July 31, 2014 i.e. the last day of the month in which he would attain the age superannuation or until further orders, whichever is earlierShri. S. S. Mundra has taken over charge as Executive Director of the Bank from September 01, 2010. 2011 -Union Bank to expand operation in UK, Australia. -Union Bank of India bags Best Middleware Implementation Award. 2012 -Union Bank to open 100 talking ATMs. -Board recommended a Dividend of Rs. 8 per equity share. -Our bank bags IDRBT IT Excellance Awards 2012-13 under following categories - IT Excellance Award for "Best IT Team" - Special Award for "Technology for FI" - Special Award for "Managing IT Risk" 2013 -Union Bank of India has Appointed Ms. Neha Agrawal as a Compliance Officer. -Board recommended a Dividend of Rs. 8 per equity share. 2014 -Union Bank of India has Appointed Shri. Mihir Kumar as a Nominee Director. -Board recommended a Final Dividend of Rs. 1.30 per equity share. -Union Bank of India bags the Express Uptime Champion Award 2014 for its Network Operations. -Union bank has won 3 IBA banking technology awards 2015 -Union Bank of India launches Digital initiatives for its customers -Union Bank Has Won 6 Iba Banking Technology Awards 2015-16 -Union Bank of India signs MOU with Star Union Dai-ichi Life Insurance Company -Union Bank of India launches Tabulous Banking 2016 - Union Bank of India has been awarded the Best Bank Award for Use of Technology for Financial Inclusion among Large Banks by Institute for Development & Research in Banking Technology (IDRBT). -"Acquisition of 49% shareholding of Union KBC Asset Management Company Private Ltd and Union KBC Trustee Company Private Ltd by Union Bank of India". 2018 -Public sector lender Union Bank of India has sold its entire 10 per cent stake in Experian Credit Information Company for an undisclosed amount. 2019 -Special Jury award 2020 -The Union Bank of India has expanded the insurance distribution channels after the amalgamation of Andhra Bank and Corporation Bank with it with effect from April 1, 2020. -Banking Technology Award 2020 -Runner up in `Modern Technologies led innovation' -GOLD (Under MSME Category) -Winner in Best MSME Bank (Public Sector Bank) - Union Bank completes integration of all branches of Corporation Bank with itself.2021 -The bank's board of directors approved capital plan of the bank to raise capital funds up to Rs 9,700 crore. -Union Bank completes IT integration of all Andhra Bank branches with itself.2022 - Union Bank of India launched Union Prerna 2.0 - EmpowerHim. -Union Bank of India has informed the Exchange about Acquisition of 99000 Equity shares of Rs. 10 each in the Equity of India Debt Resolution Company Limited 2023 -Union Bank of India secures 1st Rank in EASE reforms Disability Positive Awards 2023 in the category Best Organization for PWD Inclusion.

YEAR EVENTS 1969 - The Bank was brought into existence by the Ordinance issued on 10th July, by the Central Government. In terms of the Ordinance, the Undertaking of `The Union Bank of India, Ltd.', was replaced by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1969. An Ordinance was thereupon promulgated which was later repalced by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 which was made effective retrospectively from 19th July, 1969. 1970 - Under the `Lead Bank' scheme, the Bank was allotted 5 districts and the survey reports in respect of 3 districts were submitted. - The Bank opened a total of 36 branches in the lead districts till the end of 1972. 1972 - A fresh study-cum-survey was undertaken for evaluation of results of the Bank's activities in the area, further identification of growth area and credit gaps and preparation of a concrete programme of action in such areas. The Bank sponsored four regional rural banks. 1982 - Rs 275,00,000 was capitalised. 1985 - Rs 2400,00,000 contributed by Government. 1986 - Rs 14,00,00,000 contributed by Government. 1988 - Rs 14,00,00,000 contributed by Government. 1991 - Rs 50 crores contributed by Government. 1993 - Rs 230 crores contributed by Government. 2000 - M. Venugopal, chief executive of Bank of India's European Operations, has been appointed executive director of Union Bank of India. - Union Bank of India has introduced a special leave scheme for its employees. - The Bank has introduced novel credit schemes for housing and consumer finance. 2001 -Bank closed its voluntary Retirement Scheme. -United Bank of India has raised Rs.100cr by way of subordinated debt under Tier II. -UBI cuts its Prime Lending Rate to Rs.11.50% from 12.50%. -United Bank of India has launched special Deposit Scheme for senior citizens, which will offer a high rate of interest on all domestic term deposit. -United bank of India staff college, which received ISO 9001 certification is offering its training programmes on commercial basis. -Bank appoints PriceWaterCoopers(PwC) as consultant for putting in place a structured asset liability management and risk management system. -UBI has identified KPMG as its strategic technology consultant for implementing the 'core banking solution'. -Taking into consideration the sovereign ownership, diversified risk portfolio, consistent track record, the credit rating agency (ICRA) has assigned an LAA rating to the 100cr subordinated debt programme of UBI. -UBI bond issue for Rs. 100cr was oversubscribed by over 20% on the first day. -UBI has increased the maximum limit for investments in 'held for trading' securities to Rs.1000cr for the current fiscal in a bid to increase its bottomline. -Bank lowers the interest rates on all maturities. -HDFC Standard Life Insurance Company has tied up with Union Bank of India for selling its insurance products. -UBI has forayed into the loan syndication business for corporates. The bank has raised a one-year syndicated loan of Rs.400cr IOC. -Chennai based SSI has signed an agreement with Union Bank of India to jointly provide loans to students to pursue IT education. 2002 -UBI ties up with New India Insurance Company for market and distribute the products of New India Insuranc Co on a commission basis. -The issue of 170cr Tier-II subordinated debt was fully subscribed within two hours of its opening. -UBI has recorded 102% hike in the net profit to Rs. 314cr from Rs.155cr as in the last year. -UBI has brought down interest rates on its housing loans. -UBI introduced a new scheme called 'Union Express Remittance scheme' to provide service to NRI in West Asia. The scheme would reduce the time lag in the receipt of draft by the beneficiary. -UBI has set up Cash Management Services (CMS) in coimbatore. -Union Bank has tied up with two IT companies to develop core banking solutions. -Shares of UBI were listed on sensex, Nifty. -Union Banks specially designed loan product 'Union Rent' for owners of buildings or portion thereof rented out to reputed companies has got good response. -Union Bank of India has launched an emergency cash-on-hand scheme christened as'Union Lifeguard' to cater to the hospitalization needs in Mumbai. -Standard Chartered bank has entered into an 'agency trade services agreement with UBI, according to which all letters of credit issued by UBI to Asian countries would be done through StanChart. 2003 -UBI launches 2 new schemes that is NRI Foreign Currency Loans(NRIFCL) and Domestic Resident Foreign currency accounts for the benefit of NRI and FCNR(B) customers. -UBI has launched today its major IT initiative, the Core Banking Solution(CBS), for Anywhere Banking interconnecting its 12 branches across centres. -Union Bank has signed an agreement with Corporation Bank to share its Cash Management System infrastructure. -UBI implemented Quality Management System in 64 branches and 3 extension counters and obtained ISO-9001 certification. -Union Bank ties up with more banks for the sharing of ATM network. -UBI has launched Union BillPay, a convenient utility bill payment service for its customers in association will Billdesk. -Tata Consultancy Services, jointly with PeopleSoft Solutions is to implement an end-to-end integrated HRMS and payroll solution for UBI. -Towards its expansion, Union Bank has signed a contract with 2 more exchange companies, one each with UAE Exchange Centre and Al Muzaini Exchange Company in the middle east. -UBI with other five PSB's launched Cashtree, a network to interconnect all their countrywide ATM's at Bangalore. -Union Bank has forged with an alliance with Maruti Udyog Ltd and Ford India Ltd for providing loans to their customers at competitive and plans to expand its business in retail services. -UBI has tied up with Jain Irrigation Systems Ltd to offer crop finance schemes to farmers. -Central Government has appointed Mr. Suresh Vishnupant Dange, special Assistant, Union Bank of India. -UBI's Chairman and Managing Director has been appointed as Chaiman of India Bank Association. -Union Bank launches new schemes and hike interest rates on non-resident indian deposits. -Raises Rs.250 crores towards Tier II Capital -Opens representative offices at Dubai (UAE) & Doha (Qatar) -Union Bank of India & Ford India tie-up for financing ford cars -Moodys Investor Services has upgraded the rating of Union Bank to D- from E . -UBI joins hands with Eicher, L&T for farm financing -UBI launches unqiue Housing Loan Scheme for IB staff 2004 -Union Bank of India Launches Union Suraksha - Easy Life Cover -Union Bank ties up with HDFC Standard Life to provide bank depositors an insurance cover under group policy with a target to bring in 50,000 customers under risk cover -Union Bank of India has informed that the Central Government has nominated Shri A N Rao, Chief General Manager, Dept of Exp & Budgetary Control, Reserve Bank of India, Mumbai as a Director of Union Bank of India with effect from January 09, 2004 and until further orders vice Shri P Saran, RBI nominee Director on the Board of the Bank. -Union Bank of India has entered into a bancassurance tie-up with the Export Credit Guarantee Corporation Ltd (ECGC) for marketing the latter's export credit insurance products -Union Bank Of India has informed that the Bank's Juhu Tara Road Branch has bagged the 'Best Branch Award for Technosavvy & Customer Friendly' awarded by the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad. -Union Bank Of India has informed that the Bank has on April 07, 2004, inked an agreement with SBI Life Insurance Co. Ltd. to make available to the Bank's Home Loan borrowers' life insurance cover on group basis. -TVS Motor Company and Union Bank of India (UBI) have announced the launch of `Union Miles Scheme,' an exclusive two-wheeler finance scheme - Union Bank of India (UBI) has signed an agreement at Kochi, to facilitate international money transfer services using UAE Exchange Company's `Xpress Money' on April 28, 2004. -Union Bank of India has launched Union e-Remit, powered by TimesofMoney -UBI ties up with Reliance MF to sell its products -Union Bank of India in association with SBI Life Insurance has launched its new product, Union Home Plus -The Union Bank of India and the TVS company have tied up to provide finance for purchase of 3,000 motor-cycles in the coastal districts during the current financial year -The Union Bank Of India has launched a new scheme `Union Home Plus' for the benefit of housing loan borrowers -Union Bank of India inaugurated its retail finance boutique at Ghatkopar (East) in Mumbai -Union Bank of India has tied up with SBI Life to provide a group life insurance scheme for housing loan borrowers in Andhra Pradesh called 'Union Home Plus' -Union Bank of India has launched a life insurance linked recurring deposit (RD) scheme in association with the Life Insurance Corporation of India. -Union Bank of India introduced six new products, including an insured recurring deposit scheme in association with Life Insurance Corporation, as part of its strategy to become a "one-stop shop" -UTI Mutual Fund (UTI MF) and Union Bank of India announced a strategic tie up for distribution of UTI MF Schemes -Union Bank of India has signed a memorandum of understanding for a tractor financing arrangement with Indo Farm Tractors & Motors Ltd and L&T - John Deere Pvt. Ltd on all India basis. Indo Farm Tractors & Motors Ltd has agreed to offer discount of Rs 6,000 for tractors up to 45 H.P. and Rs 6,500 for tractors above 45 H.P. L&T - John Deere Pvt. Ltd has offered discount of Rs 4,000 -UBI launches new 'insurance recurring deposit' scheme -UBI forges alliance with Netafim Irrigation Pvt Ltd 2005 - Principal PNB Asset Management Company ties up with Union Bank of India for distribution of their mutual fund schemes. -Union Bank's tie-up for Boosting Agriculture Lending -Union Bank unveils new scheme to promote milk production -UBI opens retail mart in Pune -Union Bank's Launch of On-Line Trading Services -Union Bank of India launches new agri-clinic scheme 2006 -Dena Bank and Union Bank of India have tied up with Small Farmers Agri-business Consortium (SFAC) to facilitate growth of agri business. -Union Bank ties up with LIC to unveil group insurance. - Union Bank of India has nominated Smt. Rani Satish as part-time non-official Director on the Board of the Bank for a period of three years from the date of notification i.e. January 02 ,2007 or until her successor is nominated or until further orders, whichever is the earliest. -Union Bank inks agreement with DGFT -Union Bank joins hand with NBHC -Union Bank launches sale of gold coins 2007 - Union Bank of India has informed that the Central Government, in exercise of the powers conferred by clause (a) of Sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 / 1980, read with sub-clause (1) of clause 3, sub-clause(1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, and after consultation with the Reserve Bank of India, have appointed Shri. T Y Prabhu, General Manager, Canara Bank, as Executive Director of the Bank, from the date of his taking charge of the post and until further orders or till the date of his superannuation i.e. up to December 31, 2010, whichever is earlier. -Union Bank sets up retail asset branch at Madurai 2008 - Union Bank of India has informed that the Central Government, in exercise of the powers conferred by Sub-section 3(h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, have nominated Shri. Ashok Singh as part-time non-official Director on the Board of the Bank for a period of three years from the date of notification i.e. February 19, 2008 or until further orders, whichever is earlier. -Union Bank Of India had informed regarding appointment of Smt. Monika Kalia as Company Secretary of the Bank. The Bank has now informed that Smt. Monika Kalia is designated as Compliance Officer of the Bank. Her Contact number is 22896650 and E-mail id is monikakalia@unionbankofindia.com. -Union Bank of India has rolled out two prepaid cards- Gift Card and Payroll Card. Both the cards are issued in denomination of Rs 500 to Rs 50,000 and are Visa-enabled. Gift Cards are issued in convenient denomination of Rs 500 to Rs 50,000. -Union Bank launches wealth management services - Union Bank of India has informed that the Central Government, in exercise of the powers conferred by clause (e) of sub-section 3 of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, read with sub-clause (2) (a) of clause 9 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, has appointed Shri. N Shankar as Workmen Director on the Board of Union Bank of India in place of Shri. Suresh Vishnupant Dange, for a period of three years from the date of notification i.e. September 15, 2008 or until further orders, whichever is earlier. 2009 - Union Bank of India has informed BSE that the Central Government, in exercise of the powers conferred by sub-section 3 (h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Dr. Gulfam Mujibi as part-time non-official Director on the Board of Directors of the Bank, for a period of three years from the date of notification i.e. January 29, 2009 of his appointment or until further orders, whichever is earlier. - Union Bank of India has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 22, 2009, to elect three Directors from amongst shareholders other than the Government of India, in place of the following retiring shareholder's directors: Shri. R R Nair, Prof. N L Sarda, Prof. M S Sriram. Further it may be noted that the following three Directors have been elected in the aforesaid Extraordinary General Meeting. Shri. Arun Kumar Nanda, Prof. M S Sriram (re-elected), Shri. S Ravi. - Union Bank Of India has appointed Shri S.C. Kalia, (DoB :06.08.1951) Executive Director of Vijaya Bank, as Executive Director of Union Bank of India. - Union Bank of India appointed Mr S.C. Kalia as Executive Director. 2010 - Union Bank of India has nominated Shri B. M. Sharma, as part-time non-official director under Chartered Accountant Category, on the Board of Directors of Union Bank of India, for a period of three years from the date of notification i.e. April 16, 2010, of his appointment and/or until further orders, whichever is earlier. - Union Bank of India has informed BSE that the Central Government, in exercise of the powers conferred by clause (c) sub-section 3 of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Smt. Meena Hemchandra, as Director under RBI Nominee Category, on the Board of Directors of Union Bank of India, in place of Shri K. Sivaraman with immediate effect from the date of notification i.e. July 30, 2010 and until further orders. - Union Bank of India has informed BSE that the Central Government, in exercise of the powers conferred by clause (a) of Sub section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 and sub clause(1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, and after consultation with the Reserve Bank of India, has appointed Shri. S S Mundra, General Manager, Bank of Baroda, as Executive Director of Union Bank of India, with effect from the date of his taking over charge of the post and up to July 31, 2014 i.e. the last day of the month in which he would attain the age superannuation or until further orders, whichever is earlierShri. S. S. Mundra has taken over charge as Executive Director of the Bank from September 01, 2010. 2011 -Union Bank to expand operation in UK, Australia. -Union Bank of India bags Best Middleware Implementation Award. 2012 -Union Bank to open 100 talking ATMs. -Board recommended a Dividend of Rs. 8 per equity share. -Our bank bags IDRBT IT Excellance Awards 2012-13 under following categories - IT Excellance Award for "Best IT Team" - Special Award for "Technology for FI" - Special Award for "Managing IT Risk" 2013 -Union Bank of India has Appointed Ms. Neha Agrawal as a Compliance Officer. -Board recommended a Dividend of Rs. 8 per equity share. 2014 -Union Bank of India has Appointed Shri. Mihir Kumar as a Nominee Director. -Board recommended a Final Dividend of Rs. 1.30 per equity share. -Union Bank of India bags the Express Uptime Champion Award 2014 for its Network Operations. -Union bank has won 3 IBA banking technology awards 2015 -Union Bank of India launches Digital initiatives for its customers -Union Bank Has Won 6 Iba Banking Technology Awards 2015-16 -Union Bank of India signs MOU with Star Union Dai-ichi Life Insurance Company -Union Bank of India launches Tabulous Banking 2016 - Union Bank of India has been awarded the Best Bank Award for Use of Technology for Financial Inclusion among Large Banks by Institute for Development & Research in Banking Technology (IDRBT). -"Acquisition of 49% shareholding of Union KBC Asset Management Company Private Ltd and Union KBC Trustee Company Private Ltd by Union Bank of India". 2018 -Public sector lender Union Bank of India has sold its entire 10 per cent stake in Experian Credit Information Company for an undisclosed amount. 2019 -Special Jury award 2020 -The Union Bank of India has expanded the insurance distribution channels after the amalgamation of Andhra Bank and Corporation Bank with it with effect from April 1, 2020. -Banking Technology Award 2020 -Runner up in `Modern Technologies led innovation' -GOLD (Under MSME Category) -Winner in Best MSME Bank (Public Sector Bank) - Union Bank completes integration of all branches of Corporation Bank with itself.2021 -The bank's board of directors approved capital plan of the bank to raise capital funds up to Rs 9,700 crore. -Union Bank completes IT integration of all Andhra Bank branches with itself.2022 - Union Bank of India launched Union Prerna 2.0 - EmpowerHim. -Union Bank of India has informed the Exchange about Acquisition of 99000 Equity shares of Rs. 10 each in the Equity of India Debt Resolution Company Limited 2023 -Union Bank of India secures 1st Rank in EASE reforms Disability Positive Awards 2023 in the category Best Organization for PWD Inclusion.

Parent Organisation

Union Bank of India

Founded

11/11/1919

Managing Director

NSE Symbol

UNIONBANKEQ

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