PHOTO LINE:Seen in the photograph are Shri D. Sarkar, Chairman and Managing Director,Union bank of India handing over the Dividend Cheque of `239.37 crore to the Hon'ble Finance Minister, Shri P Chidambaram.Present on the occasion were also Shri Namo Narayan Meena, Minister of State for finance and Shri S.S Mundra Executive Director of the Bank.
Mumbai, 7th August 2012(Sachin Murdeshwar), Union Bank of India, one of the leading Public Sector Banks of the country has paid a dividend of ` 239.37 crore to the government of India. The Bank has declared a dividend of ` 8.00 per share for the year 2011-12. The Government holding in the bank is 54.35% Union bank of India has made a net profit of ` 1787 crore for the year 2011-12. The Global Business of the Bank was ` 4,03,900 crores, a growth of 13.62% as of 31.03.2012. The Book value per share of the bank has increased from ` 232.38 to ` 237.48.
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