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13-Oct2017

Union Bank of India gains on joining hand with NMDC

Union Bank of India is currently trading at Rs. 127.05, up by 0.30 points or 0.24% from its previous closing of Rs. 126.75 on the BSE.

The scrip opened at Rs. 126.05 and has touched a high and low of Rs. 127.60 and Rs. 126.05 respectively. So far 17,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 205.00 on 05-May-2017 and a 52 week low of Rs. 116.25 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 132.95 and Rs. 123.80 respectively. The current market cap of the company is Rs. 9,229.00 crore.

The promoters holding in the company stood at 65.40%, while Institutions and Non-Institutions held 23.88% and 10.71% respectively.

Union Bank of India has joined hands for real-time transfer of salaries of NMDC. The North Delhi Municipal Corporation (NDMC) has entered into an agreement for real-time transfer of salaries to the accounts of its employees. The partnering bank, Union Bank of India, and technology firm Tech Mahindra will also facilitate the process.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.



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