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CRISIL assigns 'AAA' rating to bond issue of Union Bank of India

25 Aug 2016 Evaluate

Credit rating agency, CRISIL has assigned 'AAA' rating with negative outlook to the bank's proposed Basel III compliant Tier 2 bond issue. The bank is planning to raise Rs 750 crore by issuance of tier-II bonds.

Union Bank of India is one of the largest government-owned banks of India. All the bank's branches have been networked with its 6909 ATMs as on 30 September 2015. The bank had 4196 branches in India as on 31 March 2016 and to add to it 4 overseas branches.


Peers
Company Name CMP
State Bank Of India 982.50
PNB 116.70
Bank Of Baroda 235.25
Canara Bank 124.95
Union Bank Of India 180.00
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