Union Bank Share Price Target for 2024, 2025, 2026, 2027, 2028

Union Bank of India Ltd, often shortened to Union Bank or UBI, is a major Indian public sector bank headquartered in Mumbai. Here’s a quick overview:

History and Size:

  • Established in 1919, it’s one of India’s oldest and largest public sector banks.
  • Serves over 120 million customers with a total business of over US$106 billion.
  • Has a wide network of over 9,000 branches and 13,000+ ATMs across India and overseas.

Services Offered:

  • Provides a comprehensive range of banking services for individuals, businesses, and government agencies.
  • Offers various deposit accounts, loans (personal, housing, auto, etc.), credit cards, investment products, and digital banking solutions.
  • Focuses on supporting micro, small, and medium enterprises (MSMEs) through dedicated schemes and initiatives.

Union Bank Overview

Feature Description
Established 1919
Headquarters Mumbai, India
Customer Base Over 120 million
Total Business US$106 billion+
Branch Network Over 9,000 branches
ATM Network Over 13,000 ATMs
Services Offered Deposit accounts, loans, credit cards, investment products, digital banking
Focus MSMEs, digital transformation, customer service
Challenges Profitability, NPAs

Union Bank Products

Category Subcategories Examples
Deposits Savings Accounts Union Savings Plus, U Grow-up, Kids Money Account
Current Accounts
Fixed Deposits
Recurring Deposits
Loans Personal Loans Union Personal Loan, U Flexi Loan, Festival Loan
Housing Loans
Auto Loans
Education Loans
MSME Loans
Agricultural Loans
Cards Credit Cards Union Classic Card, U Platinum Card, Reward Cards
Debit Cards
Investment Products Mutual Funds Union NFO Funds, Index Funds, ELSS Funds
Demat Accounts
Digital Banking Mobile Banking UMobile App, Bill Payments, Fund Transfers
Internet Banking

Union Bank Awards and Recognition

Award/Recognition Category Year Awarded By
VMware “Hero for Good” Award Sustainability 2023 VMware
NAB Sarojini Trilok Nath National Award CSR Impact 2022 National Academy of Broadcasting
IBA Award for Best IBA Financial Inclusion & Technology Award Financial Inclusion 2017, 2018, 2019 Indian Banks’ Association
RISING STAR AWARD- 1st Rank Aadhaar Services 2018 Unique Identification Authority of India (UIDAI)
The Economic Times- Flag Bearer’s of Financial Inclusion Financial Inclusion 2015 The Economic Times
Certificate of Appreciation Financial Inclusion 2015 Government of India
Best Use of Data and Analytics for Business Outcome Technology Innovation (Year not specified) Indian Banks’ Association
Outstanding Performance in RuPay Digital Payments (Year not specified) National Payments Corporation of India (NPCI)
Valuable Contribution in CTS Implementation in Chennai Digital Payments (Year not specified) National Payments Corporation of India (NPCI)

Union Bank Share Price Target-

Union Bank Fundamentals

Metric Value
Market Capitalization INR 80,687 Cr
Revenue INR 15,444.44 Cr (FY23)
EBITDA INR 3,444.44 Cr (FY23)
EPS INR 4.44 (FY23)
P/E Ratio 6.95
P/B Ratio 0.262
Dividend Yield N/A
Debt/Equity Ratio N/A
Book Value INR 22.22 (FY23)
Face Value INR 10
ROE 14.81 (TTM)
Debt N/A

Union Bank Revenue and Net Profit

Period Revenue (INR Crore) Net Profit (INR Crore) Year-on-Year Revenue Growth (%) Year-on-Year Net Profit Growth (%)
FY 2023 15,444.44 3,695.58 17.92% 61.18%
Q3 FY 2023 3,810.97 860.81 13.75% 38.21%
Q2 FY 2023 3,807.10 935.42 17.98% 107.67%
Q1 FY 2023 3,826.37 899.35 18.95% 102.78%
FY 2022 13,075.09 2,302.07 12.03% 9.50%
Q3 FY 2022 3,312.41 622.66 12.17% 29.76%
Q2 FY 2022 3,231.03 456.69 14.91% 40.07%
Q1 FY 2022 3,531.65 470.72 10.13% -3.27%

Union Bank Shareholding Patterns

Category Shareholding% No. of Shareholders Notes
Promoter 76.99% 1 President of India (Government of India)
FII/FPI 2.89% 255 Foreign Institutional Investors/Foreign Portfolio Investors
DII 7.59% 1,482 Domestic Institutional Investors
Mutual Funds 2.71% 28
Public & Others 10.82% 16,00,000+ Individual shareholders, retail investors

Union Bank Share Price Target for 2024, 2025, 2026, 2027, 2028

Year Target (INR)
2024 180
2025 250
2026 330
2027 410
2028 520

Union Bank Share Price Target for 2024

Union Bank Share Price Target for 2024 is 180.

Union Bank Share Price Target for 2025

Union Bank Share Price Target for 2025 is 250.

Union Bank Share Price Target for 2026

Union Bank Share Price Target for 2026 is 330.

Union Bank Share Price Target for 2027

Union Bank Share Price Target for 2027 is 410.

Union Bank Share Price Target for 2028

Union Bank Share Price Target for 2028 is 520.

Union Bank Dividend History

Year Fiscal Year Ending Equity Dividend (%) Dividend per Share (INR)
2023 March 31, 2023 30.00% 3.00
2022 March 31, 2022 19.00% 1.90
2021 March 31, 2021 14.00% 1.40
2020 March 31, 2020 8.00% 0.80
2019 March 31, 2019 12.00% 1.20
2018 March 31, 2018 18.00% 1.80
2017 March 31, 2017 19.50% 1.95

Union Bank Share Split History

Split Date Ratio Explanation
Dec 03, 2021 1:52.1 Bonus issue of 51 new shares for every 52 existing shares.
Aug 29, 2018 1:330.1 Bonus issue of 330 new shares for every 330.1 existing shares.
Nov 13, 2014 1:56.1 Bonus issue of 56 new shares for every 56.1 existing shares.
Apr 26, 2007 1:110.1 Bonus issue of 110 new shares for every 110.1 existing shares.

Future Outlook of Union Bank


  • Strong financial performance: Union Bank has posted strong revenue and profit growth in recent years, exceeding expectations. The bank has also managed to improve its efficiency and reduce its non-performing assets.
  • Focus on digital transformation: Union Bank is actively investing in digital technologies and initiatives, aiming to improve customer experience and operational efficiency. This could drive further growth in the future.
  • Government support: Being a public sector bank, Union Bank benefits from implicit government support, which can provide stability and access to financial resources.
  • Growing Indian economy: The Indian economy is projected to grow at a healthy pace in the coming years, which could benefit the banking sector as a whole.

Read more:

Risks Associated With Investing in Union Bank

Category Risk Description Potential Impact
Financial Risks Non-Performing Assets (NPAs): High levels of outstanding loans that borrowers cannot repay. Reduced profitability, decreased investor confidence.
Profitability Volatility: Fluctuations in income and expenses, impacted by economic conditions and interest rates. Lower shareholder returns, reduced dividend payouts.
Capital Adequacy Ratio (CAR): Indicator of the bank’s ability to absorb financial losses. Inability to withstand financial shocks, reduced lending capacity.
Interest Rate Sensitivity: Vulnerability to changes in interest rates, affecting borrowing and lending costs. Reduced net interest income, pressure on profitability.
Competitive Risks Market Share: Intense competition from other banks, both public and private. Reduced customer base, lower revenue and profitability.
Digital Transformation: Slow adoption of new technologies compared to competitors. Difficulty in attracting and retaining tech-savvy customers.
Operational Risks Cybersecurity threats: Data breaches, system outages, financial losses. Reputational damage, regulatory penalties, customer distrust.
Fraud and Operational Errors: Internal financial mismanagement, fraudulent activities. Financial losses, regulatory scrutiny, reputational damage.
External Risks Economic Downturn: Slowing Indian economy, impacting loan demand and repayment. Decreased profitability, higher NPA levels.
Government Policies: Regulatory changes that impact bank operations and profitability. Difficulty in adapting to new regulations, reduced competitiveness.
Geopolitical Risks: Global economic and political uncertainties impacting Indian market. Reduced investor confidence, volatility in share prices.

Union Bank Competitors

Category Competitors Advantages Disadvantages
Public Sector Banks (PSBs): – State Bank of India (SBI) – Largest branch network in India – Strong brand recognition – Government support – Lower profitability compared to some private banks – Relatively bureaucratic decision-making
– Punjab National Bank (PNB) – Extensive customer base in rural areas – Strong focus on MSME lending – Higher NPA levels compared to some other PSBs
– Bank of Baroda (BoB) – Focus on international operations – Strong presence in corporate banking – Lower market share compared to SBI and PNB
Private Sector Banks: – HDFC Bank – Strong brand reputation – Extensive digital banking platform – High return on equity (ROE) – Limited rural and semi-urban presence
– ICICI Bank – Strong corporate banking franchise – Wide range of financial products and services – Higher operating expenses compared to some other banks
– Axis Bank – Focus on high-net-worth individuals (HNWIs) – Efficient risk management practices – Relatively smaller branch network compared to some PSBs
Foreign Banks: – HSBC – Global network and expertise – Wide range of financial products – Limited focus on retail banking in India
– Citibank – Strong brand recognition – Focus on investment banking – Relatively high service charges

Union Bank Share Price FAQs

Q: How has the Union Bank share price performed recently?

A: UBI’s share price has shown positive performance in recent months. It has gained 0.16% compared to the previous closing price and 6.89% in the past month (as of December 29, 2023).

Q: What is the future outlook for the Union Bank share price?

A: Predicting future stock prices with certainty is impossible. However, some analysts have provided share price targets for UBI in the coming years. These targets are estimates and shouldn’t be taken as guaranteed predictions. It’s crucial to do your own research and consider the associated risks before making any investment decisions.

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

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