$UNIONBANK to Raise ₹8,000 Crore Through Debt-Equity Mix

$UNIONBANK Board has approved a major fundraising plan to raise up to ₹8,000 crore through a combination of debt and equity instruments to support business expansion and meet Basel III capital adequacy requirements. The plan includes up to ₹5,000 crore in Basel III-compliant Additional Tier-1 and Tier-2 bonds, along with up to ₹3,000 crore in equity through a public issue, rights issue, or private placements like QIP/preferential allotment in phases. Approved on May 26, 2026, this capital raise is subject to government approval, regulatory clearances, and shareholder consent, marking a continuation of the bank's capital strengthening efforts following their June 2025 plan to raise ₹6,000 crore. This strategic capital infusion will enable Union Bank to expand its lending portfolio while maintaining minimum capital and leverage ratios, positioning the PSU bank competitively in India's evolving banking sector.