Union Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

Union Bank Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Union Bank of India oversees more than fifteen crore customers through its network of over 8,500 branches and beyond 12,800 ATMs, making it the fourth largest public sector bank in India. Recently, Union Bank of India merged with two other banks ‘’Andhra Bank’’ and ‘’Corporation Bank’’ (2020).

The merger pushed United Bank of India assets past the Rs 14.59 lakh crore mark while increasing the number of branches to 9,609, thus enhancing the UBI’s capacity in consumer banking, investment banking, finance and insurance among others.

Latest  Update -The Indian Union Bank, owned by the government, recorded a 13.66 percent increase in net income amounting to ₹3,678.85 crores during April – June quarter of fiscal year 2025, compared with ₹3,236.44 crores for the same timeframe last year.

Union Bank Overview

The Business of Banking Services, Government Business, Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc. is engaged in by Union Bank of India.

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Union Bank Business Profile

One of the big public sector banks in country is Union Bank of India. It is a listed entity and 74.76 percent of the Government of India’s total paid-up capital is retained by the bank. It was incorporated as a limited company at Mumbai on the 11th day of November, 1919.

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Branch Network

Banks across India have a network of 8580 branches and 10835 ATMs in the present moment. Its branch network more than doubled when it merged with Andhra Bank and Corporation Bank from 4,281 and 6,895 before the said merger.

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Loan Book

Currently, corporate borrowing make up 45% of all loans given out; MSME sector accounts for 19%, while Retail contributes 18% and finally Agribusiness comprises 18%.

Home loans make up 54% of the retail advances while mortgage loans account for 10%, vehicle loans take 7%, education loans stand at 6%, personal loans lie at 4% and others 19%.

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Exposure

The bank has lent money to different industries, especially in Infrastructure advances account for 16% of total domestic advances levels, followed by NBFCs and HFCs (11%), Basic metals (3%), food processing (3%), textiles (2%), construction (2%) and all engineering (2%). These industries have received 42.5% of the bank’s total domestic advances.

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International Business

Its outward presence is limited, constituting less than 2% of the overall business volume, though it has established itself in some key economic hubs like Hong Kong, DIFC, Dubai or Sydney.

Bank Merger

On September 1, 2020, Union Bank of India implemented a merger with Andhra Bank and Corporation Bank. When the Amalgamation Scheme took place, Andhra Bank’s shareholders received ~100 crore equity shares while Corporation Bank’s shareholders were issued with ~198 crore shares. After the merger of these two banks, the bank’s total business more than doubled.

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Union Bank Fundamentals & Quarterly Results

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Union Bank Quarterly Results

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CAGR Report

Union Bank Shareholders

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Union Bank Share Price Target 2024-2030 Forecast

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Union Bank Of India Share Price Target 2025

 Union Bank Of India Share Price Target 2026

Union Bank Of India Share Price Target 2027

Union Bank Of India Share Price Target 2028

Union Bank Of India Share Price Target 2029

Union Bank Of India Share Price Target 2030

Official Website unionbankofindia.co.in