Union Bank of India has received its board’s approval to raise Rs 2,000 crore through various instruments, including rights issue and private placement. The bank’s board gave approval for the same at its meeting held on August 9, 2017.
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.
