Union Bank of India gets nod to raise Rs 6000 crore in FY20

Union Bank Of India | Bank - Public | BFSI | BSE: 532477 | NSE: UNIONBANK

16 May 2019 Evaluate

Union Bank of India has received approval to raise up to Rs 6,000 crore in current financial year (FY20) through securities to meet its capital requirement. The board of the bank, in a meeting held on May 15, 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.

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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