Union Bank of India — Credit Ratings, 17-09-2025: Credit Rating

CARE Ratings has reaffirmed Union Bank of India's Perpetual Bonds at CARE AA+ (Stable) and Tier II Bonds at CARE AAA (Stable). This decision reflects the bank's strong capital levels, improved asset quality, and earnings profile. Continued government ownership and its significant market position as the fifth-largest public sector bank also underpin the ratings.