Union Bank of India: An Overview

Founded in 1919 and nationalized in 1969, Union Bank of India is one of the largest government-owned banks in India. With a prolonged history of serving millions of customers, Union Bank has grown to offer an array of banking and financial services.

IPO Details and Share Price

Union Bank of India launched its Initial Public Offering (IPO) on August 20, 2002. The IPO was priced at ₹16 per share. Since then, the bank’s shares have experienced periodic fluctuations influenced by various market and economic factors.

As of the latest market data, the current share price of Union Bank of India stands at ₹36.5 per share (Note: this value should be updated with real-time data for accuracy).

Products and Services Offered

Union Bank of India offers a wide range of products and services tailored to meet the diverse needs of its customers. Some key offerings include:

• Retail Banking: Savings Accounts, Fixed Deposits, Home Loans, Personal Loans.
• Corporate Banking: Working Capital Finance, Term Loans, Trade Services.
• Digital Banking: Internet and Mobile Banking, eWallets, UPI.
• Investment Services: Mutual Funds, Insurance Products, Demat Accounts.

Financial Performance

Union Bank of India has shown consistent performance in terms of revenue and profit. For the financial year ending March 31, 2022, the bank reported:

• Total Income: ₹77,950 crore
• Net Profit: ₹2,905 crore
• Total Assets: ₹8,70,384 crore

Union Bank continues to strengthen its balance sheet while expanding its loan book and deposit base.

Investment Potential: 5-Year Growth Analysis

If an investor had invested ₹10,000 in Union Bank of India’s shares 5 years ago (assuming the share price was around ₹19 per share in October 2018), they would have bought approximately 526 shares.

At the current share price of ₹36.5, the value of the investment would be:

526 shares x ₹36.5/share = ₹19,189

Thus, the investment would have nearly doubled in value, showing a substantial return over the 5-year period.