Union Bank Share Price Falling, Is it due to Book Purchase Controversy?
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The share price of Union Bank of India has fallen for the last few days. As of today (7th May 2025), the share price of Union Bank is Rs.118.59. But the share price has fallen by over 6%. Is it due to book purchase controversy or is there any other reason? First, check the share price of Union Bank of India for the last 1 month.
| Date | Price | Change % |
|---|---|---|
| May 07, 2025 | 118.50 | +0.24% |
| May 06, 2025 | 118.22 | -6.33% |
| May 05, 2025 | 126.21 | -0.01% |
| May 02, 2025 | 126.22 | +0.35% |
| Apr 30, 2025 | 125.78 | -2.02% |
| Apr 29, 2025 | 128.37 | -0.14% |
| Apr 28, 2025 | 128.55 | +2.89% |
| Apr 25, 2025 | 124.94 | -2.79% |
| Apr 24, 2025 | 128.52 | -0.60% |
| Apr 23, 2025 | 129.30 | +1.07% |
| Apr 22, 2025 | 127.93 | -0.55% |
| Apr 21, 2025 | 128.64 | +1.62% |
| Apr 17, 2025 | 126.59 | -0.53% |
| Apr 16, 2025 | 127.26 | +3.97% |
| Apr 15, 2025 | 122.40 | +3.88% |
| Apr 11, 2025 | 117.83 | +0.93% |
| Apr 09, 2025 | 116.75 | -3.38% |
| Apr 08, 2025 | 120.84 | +2.47% |
| Apr 07, 2025 | 117.93 | -3.42% |
Why share price of Union Bank of India is falling? As per industry sources, there are various reasons for the downfall in share prices, such as market volatility. But industry experts have also cited the ‘Book Purchase Controversy’ also as one of the reasons for the fall in share price. Such controversies decrease confidence of investors in the company and lead to a decline in share.
Union Bank of India has spent Rs.7.25 crore in purchasing of a book. The Bank is facing serious questions after reports surfaced that it placed a large order worth around ₹7 crore for 2 lakh copies of a book written by former Chief Economic Advisor Krishnamurthy V Subramanian. The book, titled ‘India@100: Envisioning Tomorrow’s Economic Powerhouse’, was published by Rupa Publications. Recently, Krishnamurthy V Subramanian has also been removed from his service as ED (India) at IMF before completion of tenure. India has Appointed Parameswaran Iyer as Temporary IMF Representative.
A public sector bank spending such a huge amount without proper rules and procedures has raised serious objections. As per reports, the bank spent over 7 crore rupees without any proper approval from the board. Now the investigation is being done to find out the lapses in this book deal. Click here to read this full controversy in detail.
Also Read below related news:
- Govt will not provide tenure extension to Union Bank MD&CEO amid Rs.7 crore Book Purchase Controversy
- Union Bank admits there were Lapses in Book Purchase and Expenditure of Over Rs.7 Crore
- India Appoints Parameswaran Iyer as Temporary IMF Representative after exit of K.V. Subramanian
- Why Krishnamurthy Subramanian Removed from IMF? Know about him and Full Controversy
- Why Union Bank wasted Crores of Rupees on Book Purchase? Employees demand investigation
