As per sources, the possible agenda of this meeting was to understand the progress and implementation of some of the schemes like strategic debt restructuring (SDR), 5:25 scheme.
Sources said the possible agenda of this meeting was to understand the progress and implementation of some of the schemes like strategic debt restructuring (SDR), 5:25 scheme.
Most bankers, however, remained tight-lipped on the exact agenda for the meeting and what transpired.
Arun Tiwari, CMD, Union Bank of India said “this meeting did not have any specific agenda and was purely for bankers’ feedback on general economy, commodity prices, IRAC norms, capital raising plans and so on”.
Tiwari said that it is the duty of each bank to clean up its balance sheets even without any specific directive from the RBI.
Union Bank stock price
On December 14, 2015, Union Bank of India closed at Rs 144.55, down Rs 1.6, or 1.09 percent. The 52-week high of the share was Rs 253.50 and the 52-week low was Rs 129.80.
The company’s trailing 12-month (TTM) EPS was at Rs 27.98 per share as per the quarter ended September 2015. The stock’s price-to-earnings (P/E) ratio was 5.17. The latest book value of the company is Rs 267.48 per share. At current value, the price-to-book value of the company is 0.54.