CMP: 195

Union Bank of India Limited provides a full range of banking services throughout India. The Company's activities include retail banking, commercial and personal banking, investment management, treasury and NRI services, cash management and assorted ATM facilities. Union Bank has an online tele-banking facility for all its core banking customers.

Union Bank of India is a budding large-cap PSU bank trading at a P/E of nearly 6 with dividend yields of over 4% in the last 12 months. Revenues have risen from 9,447 Crores to 21,144 Crores in the last 5 years. Profits have risen from 1,387 Crores to 1,787 Crores. NPM has dipped drastically from over 14% to 8% over the last 5 years. Buy and book profits at higher levels.