United Bank of India

CMP: 55

United Bank of India Ltd. accepts deposits and offers commercial banking services. The bank offers housing, personal, demand, travel, automobile, education, working capital, and term loans.

United Bank of India is a decent pick in mid-cap banking space trading at a P/E of little over 3. Dividend yield has been high at over 4% in the last 12 months. Almost 95% of its liabilities are deposits which is good. Deposits have almost doubled in the last 5 years. Revenues have risen from 5249 Crores to 7961 Crores over the last 3 years. Profits have risen from 322 Crores to 633 Crores in the last 3 years. NPM has moved up smartly from 6% to 8% over the last 3 years. Buy and hold for long term gains.

Dear rmani84,
Good and simple reasoning --easy to read and understand
grapes

Goodmorning Mani,
bought small qty at 54.85