Union Bank Of India

Union Bank of India on Tuesday approved raising of up to Rs 8,000 crore, which would include the issuance of equities worth Rs 3,000 crore. In a BSE filing, Union Bank said the board has approved raising of debt capital through Basel III-compliant additional Tier 1 bonds and/or Tier 2 not exceeding Rs 5,000 crore. Besides, the board has approved raising Rs 3,000 crore equity capital in tranches within the overall limit of Rs 8,000 crore, through Public Issue (i.e. Further Public Offer) and/or rights issue and/or private placements, including Qualified Institutions Placements and/or Preferential Allotment. "The board of directors, in its meeting held on May 26, 2026, considered and approved the plan of the bank to raise capital by an amount not exceeding Rs 8,000 crore," the filing said. Shares of Union Bank of India were trading at Rs 167.25, down 1.01 per cent over the previous close on BSE.

Stock drops 7% amid sequentially higher provisions

Union Bank shares fall ~9% after muted Q4 results. Weak NIIand NIM, higher slippages, and lower treasury income weigh on Q4 profit

State-owned Union Bank of India On Thursday reported 6.64 per cent rise in standalone profit after tax (PAT) to Rs 5,316 crore for three months ended March 2026. The bank had posted a PAT of Rs4,985crore in the same quarter of the preceding fiscal year. Net Interest Income (NII) or core income declined by 1.14 per cent year-on-year to Rs 9,406 crore during the quarter under review. Total income dropped to Rs 31,851.15 crore in the quarter under review from Rs 32,752.67 crore in January-March 2025, the lender said in a stock exchange filing. However, asset quality improved with Gross Non-Performing Assets (GNPAs) declining to 2.82 per cent in the March quarter from 3.6 per cent in the year-ago period. Net NPAs also eased to 0.48 per cent from 0.63 per cent. Also, the board recommended a dividend of Rs 5 per equity share of Rs 10 each for financial year 2025-26. The payment is subject to shareholders' approval. Shares of Union Bank of India declined 6.42 per cent to Rs 182.2 apiec

Q4FY26 company results: Firms including Adani Energy Solutions, Aditya Birla Sun Life AMC, LTM, and Indian Energy Exchange are also to release their January-March earnings today

The rally followed the lender's disclosure that it has been assigned an ESG rating of 81.3 (CareEdge - ESG 1+), indicating strong performance across environmental, social and governance parameters

All the PSU Bank index constituents were trading lower, with Bank of India, Bank Maharashtra, Indian Bank, Bank of Baroda, and Union Bank of India falling in the range of 3 to 7 per cent

Drumil Vithlani, technical analyst at Bonanza is bullish on Canara Bank, Union Bank of India and Bank of India, and expects up to 27 per cent upside on these 3 PSU Bank shares from here.

Union Bank of India posted a 9 per cent rise in December-quarter net profit as provisions dropped sharply, even as net interest margins declined and deposit growth moderated

Union Bank of India surged 8%, while Bank of Maharashtra, Indian Bank, Indian Overseas Bank and Punjab & Sind Bank were up 4% each on the NSE in intra-day trade.

The counter rose as much as 8.13 per cent to ₹180, the highest level since November 17, 2017 so far on the National Stock Exchange (NSE)

Gross NPAs dropped by 79 basis points to 3.06 per cent, while net NPAs fell 31 basis points to 0.51 per cent as of December 2025

Stocks to watch on January 14, 2026: Stocks like Infosys, ICICI Prudential Asset Management, Union Bank of India, ICICI Lombard General Insurance Company, Tata Elxsi and 5paisa Capital will remain in

The Delhi High Court on Monday refused to interdict a show cause notice issued by Union Bank of India to industrialist Anil Ambani's son Jai Anmol Ambani in relation to proceedings to declare fraudulent the bank account of Reliance Home Finance Ltd (RHFL). Justice Jasmeet Singh asked petitioner and RHFL director Jai Anmol Ambani to place his stand before the bank within 10 days and clarified that the effect of any consequent decision taken by the bank would be subject to the court order in the present matter. The judge asked the bank to pass a "speaking order" and place the same before the court. "I will not interdict a show cause notice. You argue in show cause. I will say whatever you have to say, they will ensure they address. Show cause notice I will not (interdict). I will not say they will not proceed. I will keep the writ petition pending. Let's see what the order is," the court told Jai Anmol Ambani. "It is agreed between the parties that the petitioner will reply to the sh

Choice Equities' technical research analyst, Aakash Shah, recommends buying Aadhar Housing Finance, Union Bank of India, and Tata Power Limited

To achieve Viksit Bharat goal, India must build more globally-scaled banks with robust financial strength, deep talent pool, and tech sophistication, said experts at Business Standard BFSI Summit 2025

The government has appointed Asheesh Pandey as managing director (MD) and CEO of Union Bank of India and Kalyan Kumar as head of Central Bank of India for a period of three years. The Appointments Committee of the Cabinet headed by the Prime Minister approved these appointments for an initial period of three years, sources said. Pandey, currently Executive Director of Bank of Maharashtra, has been appointed as MD and CEO of Union Bank of India for a period of three years with effect from date of assumption of charge of the office. Kumar, Executive Director of Punjab National Bank (PNB), will succeed M V Rao as MD and CEO of Central Bank of India after his superannuation in July. The Financial Services Institutions Bureau (FSIB) on May 30 recommended Pandey and Kumar for the post of MD and CEO of Union Bank of India (UBI) and Central Bank of India, respectively. FSIB is headed by former Department of Personnel and Training Secretary Bhanu Pratap Sharma. Other members of the headhu

Systematix noted that PSBs witnessed a remarkable turnaround in FY25, reversing the decade-long decline in their advances market share

Applications are being accepted for 250 Specialist Officer Posts at Union Bank of India. By Aug 25, 2025, applicants may submit their applications online at unionbankofindia.co.in

The Supreme Court cancels bail of ex-DHFL promoter Dheeraj Wadhawan in ₹34,000 crore bank loan scam case; rejects medical ground, directs him to surrender before jail in two weeks