Union Bank shares hit 11-year low after â¹1,400 crore fraud
Union Bank of India shares plunged as much as 9.13% to an over 11-year low on Friday. This comes after CBI registered a case against Hyderabad-based Totem Infrastructure and its directors for allegedly cheating eight lenders, including Union Bank, of â¹1,400 crore. Union Bank had given it a loan of â¹313 crore, which was declared non-performing in June 2012.