Union Bank of India Announces Capital Plan to Raise ₹ 6,000 Crore

Union Bank of India has announced its capital plan at a Board meeting held on June 25, 2025. The bank plans to raise capital by an amount not exceeding ₹ 6,000 crore. This includes raising equity capital not exceeding ₹ 3,000 Crore through various methods such as Public Issue, Rights Issue, Private Placements, Preferential Allotment, or a combination of these. The bank also plans to raise Basel III compliant Additional Tier 1 (AT 1) Bonds and Tier 2 Bonds not exceeding ₹ 2,000 Crore and ₹ 1,000 Crore respectively, including foreign currency denominated AT1/Tier 2 Bonds. The total limit for raising capital is set at ₹ 6,000 Crore. The bank's Board meeting commenced at 11:00 A.M. and concluded at 3.40 P.M.