Investment29 Jan 2025, 11:13 pm
Union Bank of India Approves Rs. 25,000 Crore Infrastructure & Affordable Housing Financing
AI Summary
In a recent meeting, the Board of Directors of Union Bank of India approved the raising of Long Term Bonds up to Rs. 20,000 Crore for financing infrastructure and affordable housing. Additionally, the Board approved the issuance of Green/Sustainable Bonds up to Rs. 5,000 Crore. The meeting, which started at 11:00 A.M. and concluded at 05.20 P.M., was held on January 29, 2025, and this information is intended for appropriate dissemination.
Key Highlights
- Union Bank of India approved the raising of Long Term Bonds up to Rs. 20,000 Crore for infrastructure and affordable housing financing.
- The bank also approved the issuance of Green/Sustainable Bonds up to Rs. 5,000 Crore.