UNION BANK OF INDIA

Union Bank of India has informed the exchange about upcoming strikes called by various bank unions, including the United Forum of Bank Unions (UFBU) and others. A one-day strike is scheduled for September 11, 2026, followed by a three-day strike from September 28-30, 2026. An indefinite strike is set to commence from October 26, 2026. These strikes, concerning various issues, may affect the bank's operations. The bank is taking steps to ensure smooth functioning and is currently unable to quantify the financial impact.

Union Bank of India announced a change in its senior management. Shri Suresh Chandra Teli, Chief General Manager, superannuated on August 31, 2026. Concurrently, Shri Omprakash Shriniwas Karwa has been elevated to the position of Chief General Manager, effective September 01, 2026. Mr. Karwa is a Chartered Accountant with over two decades of banking experience, holding leadership roles in Treasury, Investments, Risk Management, Credit, and Finance & Accounts.

Union Bank of India has announced the issuance of US$600 million in Senior Unsecured Dual Tranche Notes. The notes are divided into two tranches: US$300 million due 2029 with a 5.230% coupon and US$300 million due 2031 with a 5.417% coupon. These notes were offered outside the United States under Regulation S of the U.S. Securities Act of 1933. The issuance aims to raise capital through its DIFC Branch. The notes will be listed on NSE IFSC Limited. The issue date was August 28, 2026, with maturity dates in 2029 and 2031 respectively. The notes are unsecured and have no special rights or privileges.

Union Bank of India has announced the issuance of US$300,000,000 worth of US REG S Senior Unsecured Dual Tranche Notes due 2029 (3 years) and 2031 (5 years). The notes, issued through the Bank's DIFC Branch in Dubai, are expected to be rated BBB / BBB- by S&P Global and Fitch. The proceeds will be used to meet funding requirements, develop business for the DIFC Branch, and for general corporate purposes. The notes are proposed to be listed on NSE IFSC Limited.

Union Bank of India has been penalized ₹3,08,795 by the Reserve Bank of India (RBI) due to the detection of counterfeit and mutilated currency notes, along with currency shortages during an RBI inspection. The bank stated that the impact of this penalty is not significant on its financial or operational activities. Union Bank of India has assured that necessary preventive measures are being implemented to avoid future occurrences of such issues.

Union Bank of India announced its participation in the 'Annual Global Investor Conference 2026', organized by Motilal Oswal Financial Services Limited. The event is scheduled to take place in Mumbai on August 19, 2026, from 10:00 AM to 12:00 PM. The bank will be engaging in discussions using publicly available information and will not be sharing any Unpublished Price Sensitive Information (UPSI). The details of the conference are available on the bank's website.

Union Bank of India has announced an investor and analyst meet scheduled for August 11, 2026, at its Central Office in Mumbai. The meeting will be held with Millennium Capital (DIFC) Limited. The bank will refer to publicly available documents during the discussions and has stated that no unpublished price-sensitive information will be shared. The details of the meet, including its virtual nature and registration, are available on the bank's website.

Union Bank of India has announced an investor/analyst meet with HDFC Asset Management Company Limited. The meeting is scheduled for August 11, 2026, and will take place at the bank's Central Office in Mumbai. The bank will refer to publicly available documents during the discussions and will not share any unpublished price-sensitive information. The details of the meeting are also available on the bank's official website.

Union Bank of India has announced the exercise of its call option for a bond series with ISIN INE692A08029. The bank will redeem bonds worth ₹1000 Crores, which carry a coupon rate of 9.50%. The redemption payment is scheduled for September 15, 2026, with a record date set for August 31, 2026. This action is in accordance with SEBI (Listing Obligation and Disclosures Requirements) Regulations 2015, specifically Regulations 30 and 60(2).

Union Bank of India's Board of Directors, in a meeting held on July 30, 2026, approved the raising of foreign currency funds up to USD 2.00 Billion. This fundraising will be conducted through a Medium Term Note Programme in tranches, by issuing debt instruments via the bank's Dubai and/or Sydney branches. The board meeting commenced at 03:45 P.M. and concluded at 05:25 P.M.