Union Bank of Taiwan
Union Bank of Taiwan (TAI: 2838) is trading at NT$20.40, about ₹62 at today's TWD/INR rate, as of 8 Oct 2026, 1:30 AM ET, down 0.49% today. Union Bank of Taiwan is not currently available to trade on Paasa; this page shows its price, statistics and the Indian tax treatment for information.
Quote
Today's low
NT$20.35
Today's high
NT$20.65
52 week low
NT$17.22
52 week high
NT$24.90
2838 opened at NT$20.65, closed previously at NT$20.50, and has traded between NT$17.22 and NT$24.90 over the past 52 weeks.
About
Established in 1989 and headquartered in Taipei, Taiwan, Union Bank of Taiwan delivers a wide spectrum of banking and financial solutions complemented by diverse business ventures. The institution offers a comprehensive range of traditional banking services, including various deposit products, extensive lending options such as corporate loans, discount bills and notes, domestic letters of credit, accounts receivable factoring, mortgages, auto loans, personal loans, and other consumer credit facilities. Its financial offerings extend to international banking services, encompassing exports, imports, foreign remittances, foreign currency loans, and guarantees, alongside foreign exchange transactions, acceptances, short-term bill transactions, and general investments. Additionally, the bank provides credit card services, wealth management, trust services, custodian business, safe-deposit box rentals, and certification services for marketable securities. It also acts as a market intermediary, trading marketable securities and futures on behalf of clients, collecting and paying public facilities fees, taxes, and remittances, and operating as an agency for both life and property insurance. Beyond its financial core, Union Bank of Taiwan diversifies its operations into technology retail and distribution (hardware and software), system program development, outsourcing of system development, website design, and e-commerce services. Other ventures include car rental, import/export financing, securities investment trusts, installment purchase and lease investment, real estate sales, purchases, and leasing, general business investment, power generation and related energy technology services, investment management advisory, and equipment leasing. The bank maintains a robust presence across Taiwan with 90 branches, specifically 49 in Greater Taipei, 18 in Taoyuan and Hsinchu, 9 in Taichung and Changhua, 6 in Chiayi and Tainan, and 8 in Kaohsiung and Pingtung. This network is further supported by 9 securities branches and one overseas banking branch.
Key statistics
Avg. volume
2.43M
Market cap
NT$93.86B
P/E Ratio
13.88
Price-to-sales ratio
2.43
Enterprise value
NT$160.35B
Free cash flow yield
-13.42%
Debt-to-equity ratio
1.25
Return on equity
7.13%
ROIC
0.58%
Beta
0.19
Dividend yield
2.25%
Last dividend
NT$0.46
Financial overview
Revenue
NT$34.74B
Earnings per share
NT$1.29
Free cash flow
-NT$12.24B
Net profit margin
18.26%
Gross margin
59.33%
EBITDA
NT$10.03B
Revenue growth
6.05%
Similar securities
This is not an investment recommendation
Union Bank of Taiwan for Indian investors
Union Bank of Taiwan is listed on the Taiwan Stock Exchange. It is not currently available to trade on Paasa; the figures on this page are for information, and the tax notes below apply to Indian residents who hold it.
Taxes on Union Bank of Taiwan for Indian residents
Trading and limits
- Trading hours
- 9:00 am – 1:30 pm SGT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Union Bank of Taiwan’s current yield is 2.25%.Dividend tax explained
FAQs
Can I buy Union Bank of Taiwan on Paasa?
Union Bank of Taiwan (2838) has been listed on the Taiwan Stock Exchange since 1998, in the Banks - Regional industry. Union Bank of Taiwan is not currently available to trade on Paasa; the figures on this page are for information. Indian residents who hold it through another broker still declare it under the rules below.
How much does one Union Bank of Taiwan share cost in rupees?
One Union Bank of Taiwan share is NT$20.40 — about ₹62 at a TWD/INR rate of 3.03 on 8 Oct 2026. Both the Union Bank of Taiwan price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for investing abroad from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability.
How are gains on Union Bank of Taiwan shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the TWD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Union Bank of Taiwan price.
Does Union Bank of Taiwan pay a dividend, and how is it taxed in India?
Yes. Union Bank of Taiwan pays a dividend and the current yield is 2.25%; the last declared dividend was NT$0.46 per share, about ₹1.39. Dividends are taxed at your slab rate in India.
When does TAI trade, in Indian time?
The Taiwan Stock Exchange trades 6:30 am – 11:00 am IST in Indian time.
Do I have to declare Union Bank of Taiwan shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. The holding is reported with its cost and its closing value.
Does the rupee rate affect what I make on Union Bank of Taiwan?
Yes. Union Bank of Taiwan is priced in TWD, so your rupee outcome combines the TWD move with the TWD/INR move between the day you remit and the day you convert back.