Union Bank of India to Raise Rs 8,000 Crore in Capital Expansion

Union Bank of India has approved raising up to Rs 8,000 crore through a combination of equity and debt instruments. This includes issuing Rs 3,000 crore in equity via various methods, and Rs 5,000 crore in Basel III-compliant bonds. The board's decision was made on May 26, 2026.

Union Bank of India has announced its board's decision to raise up to Rs 8,000 crore in capital. This includes Rs 3,000 crore in equity, and Rs 5,000 crore through Basel III-compliant bonds.

The bank plans to utilize methods such as public issues, rights issues, and private placements, including Qualified Institutions Placements and Preferential Allotment, to raise the equity capital.

This strategic financial move, approved on May 26, 2026, signifies Union Bank's commitment to strengthening its capital base, even as its shares trade at Rs 167.25, marking a slight decline on the BSE.