The Sensex Bankex was 1.31% high at 9,299.14 at 11:43 IST.

Union Bank of India has recorded an increase of 93.7% in its net gain for the quarter closed 30th June at Rs.442.19crore opposed to Rs.228.29crore in the consequent quarter 2008.

Union Bank of India presently trades at Rs.228 on each share, which is high with 11 points on the Sensex.

Union Bank of India declared yesterday a reduction of 25 bps in its benchmark prime lending rate, whereas keeping the deposit interest rates unaffected.

Union Bank of India is expected to venture into mutual fund business by the year’s end.

Union Bank of India is among the first state-led banks to set in place a grouping of high-tech banking solutions in a bid to take on overseas and private lenders, and the lender has stepped up its entire business target to almost Rs.3-lakhcrore in fiscal 2010.

2.29 lakh shares traded on BSE in the counter. The stock saw a standard everyday volume of 2.42 lakh shares in the last quarter.

Presently, Allahabad Bank trades up on the Sensex and is the chief earner on the Sensex Bankex.

Union Bank of India has declared its audited outcome for the 4th quarter and year closed 31st March.

Uco Bank decides to venture into general insurance and the particulars are to be exercised by the month of September, which comprises the selection of partners.