Union Bank of India Share Price – NSE  /  BSE

Banks, Mid Cap

Union Bank of India is up for a third straight session today. The stock is quoting at Rs 110.25, up 1.89% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.77% on the day, quoting at 20041.95. The Sensex is at 66669.84, up 0.75%. Union Bank of India has gained around 10.58% in last one month.

Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has gained around 3.14% in last one month and is currently quoting at 5044.35, up 0.75% on the day. The volume in the stock stood at 166.43 lakh shares today, compared to the daily average of 184.47 lakh shares in last one month.

The PE of the stock is 6.81 based on TTM earnings ending September 23.

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The appointment is for a period of three years on contractual basis extendable by one year at a time subject to maximum term of five years upon satisfactory performance.

In a regulatory filing, the bank stated, “CA Avinash Vasant Prabhu has been appointed as the chief financial officer (CFO) of the bank vice CA Prafulla Kumar Samal.”

Prabhu is a chartered accountant and a seasoned finance professional with more than 25 years of experience. Earlier, he has worked as a CFO India for Deutsche Bank. Prior to that, he has also served as CFO India for Credit Agricole CIB and as a manager with Arthur Andersen.

Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations and other banking operations. The bank has a network of 8,521 branches including foreign branches, 10,013 ATMs as on 30 September 2023.

The bank’s consolidated net profit soared 92.7% to Rs 3571.80 crore on 23.3% jump in total income to Rs 28,952.50 crore in Q2 FY24 over Q2 FY23.

Shares of Union Bank of India traded 0.14% higher at Rs 108.80 on the BSE.

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Union Bank of India announced the appointment of Avinash Vasant Prabhu as the Chief Financial Officer (CFO) of the Bank vice Prafulla Kumar Samal. The appointment is effective 20 November 2023.

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Union Bank of India gained for a third straight session today. The stock is quoting at Rs 104.9, up 1.6% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 19096.55. The Sensex is at 63944.38, up 0.56%. Union Bank of India has slipped around 6.42% in last one month.

Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has slipped around 7.15% in last one month and is currently quoting at 4950.05, up 0.98% on the day. The volume in the stock stood at 198.62 lakh shares today, compared to the daily average of 263.57 lakh shares in last one month.

The PE of the stock is 6.49 based on TTM earnings ending September 23.

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