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Union Bank of India reported revenue from operations of ₹27,427 Cr (+1.2% YoY) and net profit of ₹5,642 Cr (+27.4% YoY) for Q1 FY27.
Union Bank of India shareholders approved a Rs. 5 dividend at its 24th AGM. Key leadership appointments and capital raising plans were also sanctioned.
Union Bank of India confirmed the timely payment of Rs. 83.38 Crore annual interest on its bonds. The payment relates to an issue size of Rs. 1,150 Crores.
Union Bank of India will hold a board meeting on July 15, 2026. The board will consider unaudited financial results for the quarter ended June 30, 2026.
Union Bank reported provisional YoY growth in advances and deposits for Q1 FY27. Final audited results are pending statutory auditor review.
Union Bank of India reports that Executive Director Sanjay Rudra’s tenure ended on June 30 2026. He ceased to be a director effective July 1 2026.
Union Bank of India completed bond redemption of ₹90.85 Crore on June 24, 2026. This includes full payment of principal and coupon.
RBI imposed a ₹0.01 Crore penalty on Union Bank of India for inspection deficiencies. The bank has taken preventive measures to avoid recurrence.
Union Bank of India exercised its call option for the early redemption of ₹850 Crore bonds. Redemption and coupon payments are scheduled for June 24, 2026.
Union Bank of India scheduled its 24th AGM for July 10, 2026, via video conferencing. The record date for dividend participation is July 3, 2026.
Union Bank's board approved a ₹8,000 Crore capital raising plan. This includes ₹3,000 Crore in equity and ₹5,000 Crore via Basel III compliant bonds.
Union Bank of India scheduled a board meeting for May 26, 2026. Directors will discuss and approve a capital raising plan through equity and bonds.
Union Bank of India appointed Sowmya Sridhar as Chief Risk Officer for 39 months. She succeeds Ashwani Kumar Ramakrishna Choudhary following the completion of his tenure.
Union Bank of India appointed Smt. Sowmya Sridhar as Chief Risk Officer until August 2029. She succeeds Shri Ashwini Kumar Ramakrishna Chowdhary upon his tenure completion.
Union Bank of India appointed Debasish Prusty as Nominee Director, replacing Rohan Chand Thakur. This change brings extensive public finance and governance experience to the board.
Union Bank of India appointed Dr. Debasish Prusty as Government Nominee Director. He brings 26 years of public finance and sustainable development experience.