Home MarketUnion Bank of India

Union Bank of India Stock Info: As on 2018-05-24 15:59:27

Nse

87.15

0.30(0.35%)
Change%
52 Week Range
82.10
16.00
196.05
26.00
Open87.70
Day's Range78.17 - 95.54
Value Traded (in ₹ Cr.) 60.97

Bse

87.10

0.10(0.11%)
Change %
52 Week Range
82.15
16.00
196.05
26.00
Open87.60
Day's Range78.30 - 95.70
Value Traded (in ₹ Cr.) 4.45

Stock Exchange

Category No. Of Shares Share %
ForeignPromoters 0.00 0.00%
IndianPromoters 787,914,581.00 67.43%
Mutual Funds/UTI 98,729,653.00 8.45%
FII 58,551,117.00 5.01%
Employee 0.00 0.00%
Public 70,874,567.00 6.07%
Government 10,740.00 0.00%
Others 18,821,768.00 1.61%
More

Key Statistics

Valuation Measures
Basic EPS 8.08
Diluted EPS 8.08
Cash EPS 11.51
BVPerShare Excl 340.90
BVPerShare Incl 340.90
Operating Revenue 475.09
Price BV 0.45
PriceTo Sales 0.32
Retention Ratios 100.00
Dividend 0.00
Earnings Yield 0.05
NP Per Share 8.08
Cost To Income 35.38
Enterprise Value 4138176450545.00
Interest Per Employee 8856463.41
EVPer NetSales 12.67
Int Exp By EarningAssets 5.24
Parameter Mar-17 (₹ Cr.) Yoy%change
Total Income 37,624.58
Total Expenses 37,069.37
EBITDA 61,062.05
PBT 347.22
PAT 555.21
Net Income 555.21
More
Parameter Mar-18 (₹ Cr.) 6M % change
Total Income 18,730.44
Total Expenses 15,186.43
EBITDA 15,175.25
PBT -5,378.31
PAT -3,833.23
Net Income -3,833.23
More
Total Assets
Total Assets
Parameter Mar-17 (₹ Cr.) Yoy%change
Total share capital 687.44
Net worth 23,435.20
Investments 112,148.96
Total Liability 452,704.44
Total debt 419,617.45
Net block 3,894.42
Total Assets 452,704.44
Parameter Mar-17 (₹ Cr.) 6M % change
Total share capital 687.44
Net worth 22,891.21
Investments 89,208.35
Total Liability 404,695.90
Total debt 373,677.36
Net block 3,939.87
Total Assets 404,695.90
Company Curr Price Prev. Close Change% W's Low/High

Allahabad Bank

40.2 40.5 -0.74
37.4541.45

Andhra Bank

35.7 36.3 -1.65
33.137.7

Bank of Baroda

138.85 136.6 1.65
125.25140.9

Bank of India

99.85 98.65 1.22
92.75103.3

Bank of Maharashtra

13.05 13.05 0
12.913.7

Canara Bank

245.1 242.7 0.99
234.5256.4

Central Bank of India

66.5 66.55 -0.08
6269.9
Company Curr Price Prev. Close Change% W's Low/High

Allahabad Bank

40.15 40.35 -0.5
37.541.4

Andhra Bank

35.65 36.35 -1.93
33.1537.6

Bank of Baroda

138.7 136.2 1.84
125.5140.5

Bank of India

99.85 98.55 1.32
92.85103.1

Bank of Maharashtra

13 13.12 -0.91
1313.8

Canara Bank

245.1 242.6 1.03
234256.2

Central Bank of India

66.1 66.55 -0.68
6268.5
More
Parameter Mar-17(in ₹ Cr.)
Cash from operating activities 464.24
Cash from investing activities -522.88
Cash from financing activities 3,604.92
Net change in cash 3,546.28

Stock Held By Mutual Fund Schemes

Scheme Holding (%)
HDFC Mid-Cap Opportunities Fund - Regular Plan 0.78%
HDFC Prudence Fund - Regular Plan 0.28%
HDFC Top 100 Fund - Regular Plan 0.61%
ICICI Prudential Balanced Advantage Fund 0.27%
ICICI Prudential Equity & Debt Fund 0.17%
ICICI Prudential Dynamic Plan 0.38%

M Venkatesh appointed MRPL MD

M Venkatesh has been appointed as the Managing Director of Mangalore Refineries and Petrochemicals Limited (MRPL), an order issued by the Personnel Ministry said today. Vekatesh is at present Director (Refineries) in the MRPL, a subsidiary of the Oil and Natural Gas Corporation Limited (ONGC) He has been appointed to the post for a period of five years with effect from the date of his assumption of charge of the post on or after June 1, 2018, or till the date of his superannuation, the order said.

24-05-2018 11:42

TCS expands operations in Florida as part of Transamerica deal

India's largest IT services firm TCS today said it has expanded operations in Florida, US, with over 430 employees joining the company as part of its deal with Transamerica. In January, Tata Consultancy Services (TCS) had signed an over USD 2 billion deal with Transamerica to administer the latter's life insurance, annuity, supplemental health insurance, and workplace voluntary benefits products. It covered managing administration of more than 10 million policies. More than 430 former Transamerica employees now work for TCS at this new St Petersburg facility (in Florida) as part of recruiting and investing in more than 2,200 Transamerica jobs across the US in multiple locations, the Indian software services giant said in a statement. TCS will occupy several floors of Transamerica's building at 570 Carillon Parkway in St Petersburg, as part of a multi-year agreement with Transamerica... The St Petersburg office is a new US business centre for TCS, adding to the over 1,000 employees already serving American businesses throughout the state, it added. TCS said it has invested nearly USD 3 billion in the US over the past three years and has been among the top two IT services job creators in the country. TCS is a leading industry employer in the US, striving to help American companies like Transamerica to digitally transform their business and capitalise on rapidly evolving customer demands, TCS President and Global Head (Banking, Financial Services and Insurance Platforms) Suresh Muthuswami said. We look forward to partnering with St Petersburg's city, state and local organizations to further build upon our business and community impact, he added. The company said it has made tremendous community impact in Florida over past several years.

24-05-2018 11:16

Kotak India Growth Fund Series 4 - Direct Plan: change in investment factsheets for April

Kotak India Growth Fund Series 4 - Direct Plan has announced change in investment factsheets and fund flash for the month ended April 30, 2018. As on Apr 30, 2018, the total size of the Fund was Rs 429.99 crores, compared with Rs 424.96 crores in the last month. The Fund's NAV per unit was Rs 9.89 for Growth, while 52-Week High and Low ranges were Rs 10.35 and Rs 9.51 respectively. The Equity - Diversified fund with Growth plan was launched on Jan 29, 2018 and managed by Fund Managers Harsha Upadhyaya, Devender Singhal. The top five companies based on a percentage of total holdings were ITC Ltd. (35.18 Cr.), HDFC Bank Ltd. (19.44 Cr.), Mahindra & Mahindra Ltd. (19.21 Cr.), Tata Motors Ltd. (17.02 Cr.) and Bata India Ltd. (16.05 Cr.). Kotak India Growth Fund Series 4 - Direct Plan is promoted by Kotak Mahindra Mutual Fund and managed by Kotak Mahindra Asset Management Company Ltd..

24-05-2018 11:00

Kotak India Growth Fund Series 4: change in investment factsheets for April

Kotak India Growth Fund Series 4 has announced change in investment factsheets and fund flash for the month ended April 30, 2018. As on Apr 30, 2018, the total size of the Fund was Rs 429.99 crores, compared with Rs 424.96 crores in the last month. The Fund's NAV per unit was Rs 9.88 for Growth, while 52-Week High and Low ranges were Rs 10.34 and Rs 9.51 respectively. The Equity - Diversified fund with Growth plan was launched on Jan 29, 2018 and managed by Fund Managers Harsha Upadhyaya, Devender Singhal. The top five companies based on a percentage of total holdings were ITC Ltd. (35.18 Cr.), HDFC Bank Ltd. (19.44 Cr.), Mahindra & Mahindra Ltd. (19.21 Cr.), Tata Motors Ltd. (17.02 Cr.) and Bata India Ltd. (16.05 Cr.). Kotak India Growth Fund Series 4 is promoted by Kotak Mahindra Mutual Fund and managed by Kotak Mahindra Asset Management Company Ltd..

24-05-2018 11:00

BLS International to assist Sopra Steria on UK visa renewals

Visa service provider BLS International today said theUnited Kingdom Visas and Immigration (UKVI) has awarded Sopra Steria a new contract to enable visa renewals for those individuals who are already in the UK. BLS International will support Sopra Steria and UKVI, a division of the UK Home Office responsible for deciding who can visit and stay within the UK, by establishing and delivering some of the key add value services under the contract, it said in a release. BLS International claims to handle about 12 million visa applications annually across the globe at present. Meanwhile, shares of the company were trading at Rs 172.55 apiece, up 1 per cent from the previous close at 10:50 hours on BSE.

24-05-2018 10:51

Union Bank of In - Investment Of Dai-Ichi Life Holding Inc., Japan In Union Asset Management Company Private Ltd. (Union AMC)

Further to our disclosures made on 21st September 2016 and 18th October 2017 regarding Bank's mutual fund subsidiary viz. Union Asset Management Company Private Ltd., we wish to inform you that Dai-Ichi Life Holdings Inc., Japan has invested in Union Asset Management Company Private Limited through Compulsorily Convertible Preference Shares (CCPS) on 17.5.2018 after obtaining requisite regulatory approvals. Through this investment, Dai-ichi Life Holdings Inc. holds 39.62% share capital in Union AMC and consequently, Union AMC is now co-sponsored by Union Bank of India and Dai-ichi Life Holding Inc., Japan. As per Investment & CCPS Subscription agreements, Dai-Ichi Life Holdings Inc. will have an option to convert the CCPS into equity after certain fixed period

18-May-2018 06:55 PM

Union Bank of In - Updates

Union Bank of India has informed the Exchange regarding ''Investment of Dai-Ichi Life Holding Inc., Japan in Union Asset Management Company Private Ltd. (Union AMC) through Compulsorily Convertible Preference Shares (CCPS)''.

18-May-2018 06:53 PM

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

Union Bank of India has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates

18-May-2018 06:49 PM

Union Bank of In - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

In terms of Regulation 30 read with point 15 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the schedule of analyst / institutional meet.

18-May-2018 06:46 PM

Union Bank of In - Board Meeting-Outcome of Board Meeting

Outcome of the Meeting of Board of Directors of the Bank - disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

18-May-2018 04:52 PM

Union Bank of In - Investment Of Dai-Ichi Life Holding Inc., Japan In Union Asset Management Company Private Ltd. (Union AMC)

Further to our disclosures made on 21st September 2016 and 18th October 2017 regarding Bank's mutual fund subsidiary viz. Union Asset Management Company Private Ltd., we wish to inform you that Dai-Ichi Life Holdings Inc., Japan has invested in Union Asset Management Company Private Limited through Compulsorily Convertible Preference Shares (CCPS) on 17.5.2018 after obtaining requisite regulatory approvals. Through this investment, Dai-ichi Life Holdings Inc. holds 39.62% share capital in Union AMC and consequently, Union AMC is now co-sponsored by Union Bank of India and Dai-ichi Life Holding Inc., Japan. As per Investment & CCPS Subscription agreements, Dai-Ichi Life Holdings Inc. will have an option to convert the CCPS into equity after certain fixed period

18-May-2018 06:55 PM

Union Bank of In - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

In terms of Regulation 30 read with point 15 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the schedule of analyst / institutional meet.

18-May-2018 06:46 PM

Union Bank of In - Board Meeting-Outcome of Board Meeting

Outcome of the Meeting of Board of Directors of the Bank - disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

18-May-2018 04:52 PM

Corporate Details

About Management

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 earlier

Shri. 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".

Registered Office

Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point,

022-22896643,22896636,,      022-22025238,

investorservices@unionbankofindia.com

http://www.unionbankofindia.co.in

Registrar Details

Datamatics Financial Services Ltd.