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Union Bank cuts loan rates; Vikran Engineering wins solar contract

Union Bank of India reduced home loan rates by 0.30% and vehicle loan rates by 0.40% after the RBI's repo rate cut to 5.25%. Vikran Engineering secured a ₹2,035 crore solar contract, enhancing its market position.

pre-market1 source ↓written by the desknot a recommendation

in home loan
0.30% reduction
in vehicle loan
0.40% cut
rate cut
5.25%
solar contract
₹2,035 cr

State-owned Union Bank of India announced a 0.30% reduction in home loan rates and 0.40% cut in vehicle loan rates following the RBI's recent repo rate cut to 5.25%. This move aims to enhance borrowing affordability for consumers.

Additionally, Vikran Engineering secured a ₹2,035 cr solar contract, bolstering its position in the renewable energy sector. These developments may stimulate demand in both banking and energy markets.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 Dec 2025, 07:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

UNIONBANK closed −1.1% on the day of the news, from ₹152.36 to ₹150.76; Nifty −0.1% over the same session; futures OI +6.9%.

Bulletin at 07:10 IST on 24 Dec 2025. Every change is measured from ₹152.36, the last close before it, on 23 Dec. Nifty 50 is measured over the same sessions.

  • UNIONBANK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
UNIONBANK closes around the bulletin against the close before the news, with Nifty 50 rebased to it135.72152.36169.00axis spans 25%before the news · 23 Dec152.36Nifty 50UNIONBANKbulletinD0+1+3+517 Dec30 Dec8 JanFutures open interest, lotspeak 20,000Reference close ₹152.36. 16 sessions from 17 Dec to 8 Jan; the price axis spans 25 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before23 Dec₹152.36basebase
On the day24 Dec₹150.76▼ −1.1%▼ −0.1%−0.9 pp difference
+1 session26 Dec₹150.22▼ −1.4%▼ −0.5%−0.9 pp difference
+3 sessions30 Dec₹151.65▼ −0.5%▼ −0.9%+0.4 pp difference
+5 sessions1 Jan₹153.58▲ +0.8%▼ −0.1%+0.9 pp difference
Gap at the open, % · ₹
▲ +0.4%+0.64 on 24 Dec
Day's range, % · ₹
1.7%≈ 2.6 high to low
Volume on the day
0.49×the 20-session average
Futures OI on the day
▲ +6.9%+1,200 lots · short build-up · price −1.1%
Futures OI open, lots
19,00024 Dec · 30 Dec expiry
Futures premium, ₹
+0.17+0.1% to spot
Puts per call, by OI
0.60from 0.60 the session before
Max pain
153from 153 the session before

Source NSE UDiFF bhavcopy · UNIONBANK on the desk →

Thread · UNIONBANKAll UNIONBANK bulletins →

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