Union Bank of India BSE NOTICES

Union Bank of India has informed BSE that the Bank has raised additional capital to the extent of Rs 500 crores by issue of Unsecured Redeemable Non Convertible Subordinated Upper Tier II Bonds. The issue opened on January 19, 2010 and closed on January 22, 2010. The Bonds are rated as "AAA/Stable" by CRISIL and "CARE AAA" by CARE. The Bonds carry a coupon rate of 8.55% per annum payable annually. The tenor of the bonds is 15 years and has call option after completion of 10 years from the deemed date of allotment i.e. January 27, 2010. If the call option is not exercised the bonds have a step-up coupon of 0.50% per year for further life of the bond.

Source: BSE
Courtesy moneycontrol.com

Also check

NIFTY TIPS

INTRADAY STOCK TIPS

INTRADAY NIFTY TIPS

POSITIONAL NIFTY OPTION TIPS

NIFTY 300

Union Bank of India NSE NOTICES

Union Bank Of India has informed the Exchange that the Bank has raised additional capital to the extent of Rs 500 crores by issue of Unsecured Redeemable Non Convertible Subordinated Upper Tier II Bonds. The issue opened on January 19, 2010 and closed on January 22, 2010. The Bonds are rated as "AAA/Stable" by CRISIL and "CARE AAA" by CARE. The Bonds carry a coupon rate of 8.55% per annum payable annually. The tenor of the bonds is 15 years and has call option after completion of 10 years from the deemed date of allotment i.e. January 27, 2010. If the call option is not exercised the bonds have a step-up coupon of 0.50% per year for further life of the bond.

Source: NSE
Courtesy moneycontrol.com

Also check

NIFTY TIPS

INTRADAY STOCK TIPS

INTRADAY NIFTY TIPS

POSITIONAL NIFTY OPTION TIPS

NIFTY 300

Union Bank Q3 net profit down 20.49% at Rs 534.1 cr

Union Bank of India has announced its third quarter results of FY10. The bank's net profit went down 20.49% to Rs 534.1 crore from Rs 671.74 crore, on year-on-year basis (YoY).

Net interest income (NII) also declined 5.56% to Rs 1,065 crore from Rs 1,128.35 crore. The bottomline was above the estimates while topline was slightly above the estimates; earlier CNBC-TV18 poll saw net profit at Rs 496 crore and NII at Rs 1,017.36 crore.

Provisions for the third quarter stood at Rs 161.1 crore as against writeback of Rs 44.9 crore.

Other income increased 18.34% to Rs 464 crore from Rs 392.1 crore and net non-performing asset went up to 0.58% versus 0.14%.

Salary cost rose 0.62% to Rs 324.5 crore from Rs 322.49 crore. Tax outgo was less at Rs 219 crore as compared to Rs 228 crore in the Q3FY09.

Provisions were at Rs 161.09 crore as against reversal of Rs 44.93 crore.

Net NPAs

*Q3FY10: 0.58%

*Q2FY10: 0.23%

*Q1FY10: 0.72%

*Q4FY09: 0.34%

*Q3FY09: 0.14%

Capital adequacy ratio

*Q3FY10: 13.46%

*Q2FY10: 13.76%

*Q1FY10: 12.35%

*Q4FY09: 12.01%

*Q3FY09: 12.32%

Source: CNBC-TV18
Courtesy moneycontrol.com

Also check

NIFTY TIPS

INTRADAY STOCK TIPS

INTRADAY NIFTY TIPS

POSITIONAL NIFTY OPTION TIPS

NIFTY 300