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Union Bank of India (BOM:532477) Altman Z-Score


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What is Union Bank of India Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

Union Bank of India (BOM:532477) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bank of India (BOM:532477) » Definitions » Altman Z-Score
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Traded in Other Exchanges
UNIONBANK:India
Address
239, Vidhan Bhavan Marg, Union Bank Bhavan, 12th Floor, Nariman Point, Mumbai, MH, IND, 400 021
Website
https://www.unionbankofindia.co.in
Union Bank of India is a retail, commercial and investment bank domiciled in India. The bank organizes operations across four main segments: Retail Banking Operations such as deposits and transaction accounts; Corporate and Wholesale Banking including private equity and corporate finance; Treasury Operations; and Other Banking Operations. Retail Banking Operations is the most significant segment, contributing the largest share of the bank's revenue. The bank generates the majority of revenue domestically. The Government of India is the majority shareholder.