Union Bank of India is going to raise upto Rs 600 crore by offering up to 8 crore new equity shares to the eligible employees under the Staff Stock Purchase Scheme (SSPC). The stakeholder’s relationship committee in its meeting on January 3, 2019 approved the same.
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.
