Union Bank of India — Board Meeting, 25-06-2025: Outcome of Board Meeting

Union Bank of India has announced a board meeting to approve a capital raising plan of up to ₹6,000 Cr. This includes up to ₹3,000 Cr via equity through public, rights, or private placements, subject to approvals. Additionally, the bank plans to raise ₹2,000 Cr through Basel III-compliant Additional Tier 1 bonds and ₹1,000 Cr via Tier 2 bonds, including foreign currency options. This move aims to strengthen the bank’s capital base for growth and regulatory compliance.