Union Bank shares Archives

Union Bank of India surges 6% on a Rs 3,000 crore QIP; stock soars 111% in a year

9planetswebsFebruary 21, 202403 mins

Union Bank of India: Union Bank’s shares surged by 6 percent in early trading on February 21st, following the announcement by the PSU lender of a Rs 3,000-crore qualified institutional The bank announced a qualified institutional placement (QIP) at a floor price of Rs 142.78 per share. The floor price represents a slight premium compared…

Union Bank shares rise 7% to a 52-week high as the PSU bank announces Q3 results. Key details:

9planetswebsJanuary 21, 2024January 20, 202403 mins

Union Bank made Rs 3,590 crore in profit in Q3 of FY24. For the quarter under review, gross non-performing assets (NPA) were 4.83 percent. Union Bank of India Ltd.’s shares surged strongly in Saturday’s special trading to reach their one-year peak following the lender’s announcement of an increase in third-quarter net profit (Q3 FY24). At…