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Union Bank Of India Q1 Net Profit Surges, Stock Falls 2.24%

Union Bank of India on Tuesday reported a 32 per cent rise in standalone net profit to Rs 1,558.46 crore for the quarter ended June 2022, helped by a fall in bad loans. Its core interest income also rose at a healthy ...

5 Stocks That Have Fallen 30% From Highs

BSE Sensex lost over 600 points on June 4 to end with the loss of 49 points at 55,769.23 while the Nifty50 lost 44 points to settle at 16584. Meanwhile, the Nifty Midcap 100 and Small cap 11 indices witnessed a ...

LIC to Invest Rs. 50,000 Crore in Equity Market This Fiscal: Chairman

New Delhi: Country's largest insurer Life Insurance Corporation plans to pump in about Rs. 50,000 crore in the equity market, taking its total investment including in bonds to Rs. 3 lakh crore during the current fiscal. "We plan to invest ...

ICICI Bank, SBI, Yes Bank, UBI shares hit 52-week lows

Several blue chip banking names hit fresh 52-week lows as investors sold into banking names on worries that the recent RBI measures would squeeze margins. Fears that the measures may not be withdrawn anytime soon owing to the persistent fall ...

Union Bank shares drop as Moody's cuts rating

Shares of PSU banking major Union Bank of India nosedived today following reports of a Moody's downgrade. The Bank's shares were trading at Rs 219.50, down Rs 10.35 or 4.50% at 2:38 PM IST. Moody's has downgraded the stock from BA1 ...