Union Bank of India jumps on partnering with Hyundai Construction Equipment India

Union Bank Of India is currently trading at Rs. 44.25, up by 0.65 points or 1.49% from its previous closing of Rs. 43.60 on the BSE.

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Union Bank Of India

The scrip opened at Rs. 43.20 and has touched a high and low of Rs. 44.50 and Rs. 43.00 respectively. So far 373079 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 54.80 on 09-Nov-2021 and a 52 week low of Rs. 33.55 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 44.50 and Rs. 41.90 respectively. The current market cap of the company is Rs. 30107.06 crore.

The promoters holding in the company stood at 83.50%, while Institutions and Non-Institutions held 8.04% and 8.47% respectively.

Union Bank of India has entered into partnership with Hyundai Construction Equipment India for extending Equipment Finance to the Customers of Hyundai.

Under the partnership, Union Bank of India and Hyundai have mutually agreed to pool their resources together and be associated with each other for mutual benefits.

The wider reach of the Bank will help both Union Bank of India and Hyundai to extend the best offering to the buyers of Hyundai Equipment across the country and to increase the Bank’s portfolio under Equipment Finance.

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.

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