Union Bank of India to Raise Up to ₹8,000 Crore

Union Bank of India's Board of Directors approved a capital plan to raise up to ₹8,000 crore. This includes raising equity capital not exceeding ₹3,000 crore through various methods like public issue, rights issue, or private placements, subject to regulatory and shareholder approvals. Additionally, the plan includes raising up to ₹5,000 crore through Basel III compliant Additional Tier 1 and/or Tier 2 bonds, potentially including foreign currency denominated bonds. The board meeting concluded on May 26, 2026.