VERIFIEDET Markets·26 May 2026neutral

Union Bank to raise Rs 8,000 cr through debt, equity mix

AI Summary

·Union Bank's board approved raising debt capital through Basel III-compliant additional Tier 1 bonds and/or Tier 2 bonds.
·The approved debt capital raise will not exceed Rs 5,000 crore.
·The bank will also raise capital through a mix of debt and equity.