Today in this article we will discuss in detail about the future of Union Bank of India shares, we will find out the estimated Union Bank share price target for year 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030.
To predict Union Bank of India stock, we will use our internal research as well as the company’s technical analysis, business figures, financial results and future projects.
We will analyze the performance of the company’s shares from recent times to the last few years ,this will provide well researched article of Union Bank of India share price target for 2023, 2025, 2030 to 2050.
Table of Contents
Introduction
Union Bank of India is a government-owned financial institution with headquarters in Mumbai. Few private banks in India can compare to the size and longevity of this government-owned institution.
Union bank of India founded on November 11, 1919, it is the fourth largest public sector bank in India after the State Bank of India, Bank of Baroda, and Punjab National Bank.
Union Bank of India serves more than 161 million customers and employs more than 76,600 people at 8,700 locations and 11000 automated teller machines. It offers a wide selection of banking, investing, wealth management, and insurance products to its individual and business clients.
How Union Bank of India generate Revenue?
Union Bank of India generates revenue through various financial services and activities.
- Interest Income: The majority of a bank’s revenue comes from the interest it earns on loans and advances. Union Bank of India provides various types of loans, including personal loans, home loans, business loans, and more. They charge interest on the principal amount, and this interest income forms a significant part of their revenue.
- Fee-Based Services: Union Bank of India charges fees for various services, such as account maintenance fees, ATM usage fees, transaction fees, and more. They may also charge fees for specialized services like wealth management, safe deposit boxes, and foreign exchange services.
- Investment Income: Banks like Union Bank of India invest in various financial instruments, including government securities, corporate bonds, and equities. They earn income through dividends, interest, and capital gains from these investments.
- Trading and Forex Income: Banks engage in foreign exchange (forex) trading and trading of financial instruments. They earn revenue through the buying and selling of currencies, commodities, and other financial products.
- Asset Management and Wealth Management: Union Bank of India offers asset management and wealth management services to individuals and institutional clients. They charge fees based on the assets under management (AUM) and for providing financial advisory services.
- Retail and Corporate Banking Services: Banks earn income from their retail and corporate banking operations, including deposit products like savings accounts and fixed deposits. They may offer credit cards and charge interest on outstanding balances. Additionally, they provide various corporate banking services, such as cash management, trade finance, and treasury services.
- Insurance Products: Union Bank of India may sell insurance products, including life insurance and general insurance, and earn commissions and fees for these services.
- Cross-Selling and Upselling: By cross-selling and upselling financial products and services to their existing customer base, banks can increase their revenue. This includes promoting services like insurance, investment products, and credit cards to existing customers.
- Digital Banking and Technology Fees: Banks may charge fees for using their online and mobile banking services, as well as for wire transfers and other electronic transactions.
- Interbank Lending and Borrowing: Banks participate in interbank lending and borrowing activities, earning interest income from lending to other banks or paying interest on borrowed funds.
- Treasury Operations: Union Bank of India manages its treasury operations by trading in money markets and foreign exchange markets, aiming to generate revenue from the fluctuations in interest rates and exchange rates.
- Asset Securitization: Banks may bundle and securitize their loans, selling them as asset-backed securities to investors. This helps in generating upfront cash flow and reducing risk on their balance sheet.
Revenue per Business Specification
| Specification (INR in Million) | 2022 | Weightage | 2023 | Weightage | Changes |
|---|---|---|---|---|---|
| Corporate Banking | 257,768 | 31.5 % | 359,417 | 37.0 % | +39.43% |
| Retail Banking | 261,980 | 32.0 % | 310,787 | 32.0 % | +18.63% |
| Treasury | 268,157 | 32.8 % | 264,429 | 27.2 % | -1.39% |
| Unallocated | 16,886 | 2.1 % | 21,988 | 2.3 % | +30.21% |
| Other Banking | 13,976 | 1.7 % | 19,794 | 2.0 % | +41.62% |
| Inter-segment | -1,227 | -0.2 % | -5,629 | -0.6 % | +358.73% |
Shareholding of Union Bank of India
As of September 2023, Shareholding of Vedanta Limited are as –
- Promotors – 76.99%.
- Retail & Others- 7.59%.
- Other Domestic Institutions- 9.82%.
- Foreign Institution- 2.89%.
- Mutual Fund- 2.71%.
Union Bank of India Share
Union Bank is listed on the National Stock Exchange and the Bombay Stock Exchange and has a large number of shareholders. Promotors holds the majority stake in the this bank, Government of India is promotors of Union Bank. As on 03 Nov 2023, Share price of Union Bank of India is Rs.104.55.
Vedanta Limited Share 52 week high at Rs.113.35/- & 52 week low Rs. 51.20/-.
| Company Name | Union Bank of India |
| Share Name | UNIONBANK | 532477 |
| Sector | Banking & Financial Services |
| Headquarter | Mumbai |
| Foundation | 1919 |
| Key Person | Mrs. A. Manimekhalai (MD & CEO) |
| Market Cap | Rs.77,608.33 Crore |
| Revenue | Rs.95,376.49 Crore |
| Official Website | Click Here |
Union Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 105 | 110 |
| 2024 | 112 | 120 |
| 2025 | 122 | 126 |
| 2026 | 128 | 132 |
| 2027 | 134 | 142 |
| 2028 | 145 | 150 |
| 2029 | 153 | 159 |
| 2030 | 163 | 171 |
| 2040 | 252 | 265 |
| 2050 | 405 | 420 |
Note:- “That these share price targets for “Union Bank Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Annual Result Summary of Union Bank of India
Annual Results Summary 2022-23 of Union Bank of India –
- Revenue for FY23 was Rs. 1,32,088.50 crore, up 12.5% year-on-year.
- Net profit for FY23 was Rs. 3,314 crore, up 167% year-on-year.
- Deposits for FY23 was Rs. 16,37,700 crore, up 11.3% year-on-year.
- Advances for FY23 was Rs. 12,81,800 crore, up 13.4% year-on-year.
- CAR as on March 31, 2023 was 14.50%, well above the regulatory requirement of 11.50%.
Last 5 Year History of Union Bank of India Share
In Last 5 year Union Bank Share give 0.33% returns to its Investors.
| Year | Share Price |
| Nov 2019 | 155.50 |
| Nov 2020 | 111.05 |
| Nov 2021 | 328 |
| Nov 2022 | 321.96 |
| Nov 2023 | 226.65 |
Union Bank Share Price Target 2023
Market experts say Union Bank of India’s share could reach 125 by 2023. Profitability and asset quality should improve for the bank next year.
Union Bank of India’s share price may reach INR 115 by 2023, but analysts disagree. The bank is expected to struggle with increased interest rates and less economic development in the coming year.
Union Bank share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹105 | ₹110 |
Union Bank Share Price Target 2024
Union Bank of India’s 2024 share price objective is uncertain. Shares should reach INR 112–120, say analysts. Union Bank of India share prices in 2024 will depend on Indian economic projections. The bank’s profitability and asset quality should rise with economic growth, enhancing its share price. Bank performance may decline as the economy slows, affecting its share price.
Union Bank share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹112 | ₹120 |
Union Bank Share Price Target 2025
Union Bank of India’s 2025 share price goal needs to be clarified. However, most market experts predict the share price to rise. The bank is expected to improve its profitability and asset quality in the coming years. We forecast that by 2025, the share price of Union Bank of India will have risen to between INR 122 and INR 126.
Union Bank share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹122 | ₹126 |
Union Bank Share Price Target 2026
Even more unpredictable is the 2026 share price estimate for Union Bank of India. However, most market watchers expect the share price to rise above its current level. The bank’s business is anticipated to grow and expand over the next few years. As per our Analysis Union Bank First Target for 2026 is Rs.128 & Second Target is Rs.132.
Union Bank share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹128 | ₹132 |
Union Bank Share Price Target 2027
We forecast that for year 2027 Union Bank first target is Rs.134 and Second target may be Rs.142
Union Bank share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹134 | ₹142 |
Union Bank Share Price Target 2028
The 2028 share price forecast for the Union Bank of India is likewise highly speculative. However, many predict the share price might rise above Rs.140. That’s because experts predict the bank will rapidly grow to prominence in India’s competitive banking market. We forecast that for year 2027 Union Bank first target is Rs.145 and Second target may be Rs.150.
Union Bank share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹145 | ₹150 |
Union Bank Share Price Target 2029
On Positive side, we anticipated that for year 2029 Union Bank first target is Rs.153 and Second target may be Rs.159.
Union Bank share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹153 | ₹159 |
Union Bank Share Price Target 2030
Union Bank of India’s share price target in 2030 is much more speculative. However, other analysts anticipate that the share price might reach INR 180. The reasoning behind this is that everyone believes the bank has what it takes to become a major international financial institution.
Union Bank share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹163 | ₹171 |
FAQs –
By considering ROE & P/E ration of Union Bank, In 2025, the share price of Union Bank of India between is INR 125 and INR 130.
As per our technical analysis, the prediction of union bank share for year 2023 is Rs.110.
Motilal Oswal analyst suggest target of Union Bank will be Rs.125 for year 2024.
Conclusion
Union Bank of India deposits have been a mainstay of the Indian economy for decades. The price of the share has fluctuated up and down throughout the years. As a result of this drastic decline in net NPA to 2.14%, revenues and profits have increased. Profits of Rs 3,236 crore were reported for the most recent quarter (Q1 FY2024), which is rather good. As the economy begins to show signs of improvement, it is expected that Union Bank will continue to rise.
