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

Union Bank of India logoUnion Bank of India
Sig3.45Sen+3.80Env0.00Soc+0.60Gov+4.10

Union Bank of India’s board approved a capital plan to raise up to ₹8,000 crore, aimed at strengthening its financial position through a mix of equity and Basel III-compliant instruments, subject to necessary approvals. The framework includes up to ₹3,000 crore equity and up to ₹5,000 crore in Basel III-compliant bonds/debt. The bank also appointed Sowmya Sridhar as new Chief Risk Officer effective 22 May 2026.

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