About Union Bank of India

Union Bank of India Ltd is an Indian banking company. The Companyapos;s segments include Treasury Operations, Corporate and Wholesale Banking, Retail Banking and Other Banking Operations. The Treasury Operations segment offers a variety of account options, including savings and current accounts, fixed and recurring deposits, and checking and online trading accounts. The Corporate and Wholesale Banking Segment offers a variety of services including, but not limited to, trade financing, working capital, credit facilities, project financing and channel financing. It helps in debt restructuring/restructuring, loan syndication, structured finance, M&A advisory and capital investment services. The retail banking segment offers mutual funds and various insurance products such as life, accident, health and general insurance. Another banking segment offers comprehensive NRI banking services and various treasury and remittance services.

FAQs

What is a stock?

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Stock is a general term used to describe certificates of ownership in any company. A share, on the other hand, refers to a share certificate of a particular company. Owning shares in a particular company makes you a shareholder.

What is a stock market?

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The term stock market refers to several exchanges where shares of state-owned companies are bought and sold. Such financial activities are carried out through official exchanges and over-the-counter markets that operate according to specific regulations.

Both "stock market" and "stock exchange" are often used interchangeably. Stock traders buy or sell stocks on one or more exchanges that are part of the general market.

How to invest in the stock market?

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Below are the steps which shows you how to Invest in the stock market:

Step 1: Open a Demat and trading account. This is the starting point for investing in the aftermarket.
Step 2: Selection of stocks. Log in to your trading account and select the shares you want to sell or buy.
Step 3: Choose a price.
Step 4: Complete the transaction.

How to buy shares?

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Procedure to buy shares online:

1. Getting a PAN card: Permanent Account Number (PAN) is mandatory for online purchase of shares.
2. Open a Demat account: Opening a demat account is the next important step in buying shares online.
3. Open a business account.
4. Register on the broker/broker platform.
5. You also need a bank account.

What is NSE?

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The NSE operates under the so-called National Exchange for Automated Trading (NEAT), which is a fully automated screen-based trading system that follows the principle of an order-based market. NSE has deliberately chosen a bid-based system over an order-based system.

What is BSE?

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BSE Limited, also known as the Bombay Stock Exchange, is an Indian stock exchange located on Dalal Street in Mumbai. Founded in 1875 by cotton merchant Premchand Roychand, the stock exchange is the oldest in Asia and also the tenth oldest in the world.

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