QGLP Analysis of Union Bank Of India

Stockpick

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StockPick for this week is Union Bank of India

Union Bank of India is one of the leading public sector banks in the country. The Bank is a listed entity and the Government of India holds a stake in Bank’s total share capital. The Bank, having its headquarters in Mumbai (India), was registered as a limited company on November 11, 1919. Today, it has a network vast network of domestic branches, ATMs, and BC Points, serving many customers. The Bank also has branches in overseas countries. Union Bank of India is the first large public sector bank in the country to have implemented a 100% core banking solution. Recently, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from April 01, 2020.

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Credits – Akshay Gabhane & Pritam Choudhury