Union Bank of India trades in green on BSE

            Union Bank of India is currently trading at Rs 228.10, up by 3.45 points or 1.54% from its previous closing of Rs 224.65 on the BSE.
            The scrip opened at Rs 226.05 and has touched a high and low of Rs 228.25 and Rs. 222.50 respectively. So far 26447 shares were traded on the counter.

            The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 288.00 on 02-Jan-2013 and a 52 week low of Rs 150.10 on 30-Aug-2012.

           Last one week high and low of the scrip stood at Rs 228.20 and Rs 204.75 respectively. The current market cap of the company is Rs 13406.98 crore.

          The promoters holding in the company stood at 57.89% while Institutions and Non-Institutions held 28.64% and 13.47% respectively.

           Union Bank of India has opened its 60th Regional Office located at Sambalpur in state of Odisha on April 12, 2013. This is the banks’ second Regional Office in Odisha, other being in Bhubaneshwar.

          The Sambalpur Regional Office will cater to the branches in 15 districts namely Sambalpur, Sundargarh, Jharsuguda, Deogarh, Bargarh, Sonepur, Boudh, Balangir, Nawapara, Kalahandi, Kandhamal, Rayagada, Nowrangpur, Koraput, and Malkagiri. The bank has 29 branches spread over in these 15 districts. The Region is carved out from the present Bhubaneshwar Region to give more support to the customers in these districts and also to expand fast and enhancing the base.

        Union Bank of India has 83 branches in the Odisha state which is presently catered by the sole Regional Office - Bhubaneshwar. The total business mix in the state is Rs 10,167 crore which comprises Rs 6,991 crore Deposits and Rs 3,176 crore Advances. [via]

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