Union Bank of India has received the Government’s approval under the Banking Companies Act, to increase the paid up capital by way of preferential allotment of equity shares aggregating up to Rs 541 crore to Government of India.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.
