Union Bank to Raise Up to ₹8,000 Crore Capital

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 Basel III compliant Additional Tier 1 Bonds and/or Tier 2 bonds not exceeding ₹5,000 crore, potentially including foreign currency denominated bonds, within the overall ₹8,000 crore limit. The board meeting was held on May 26, 2026, from 11:00 A.M. to 2:00 P.M.