Union Bank of India planning for capital infusion of Rs 11,700 crore

Union Bank of India is planning for capital infusion of Rs 11,700 crore. The board directors of the bank at its meeting to be held on September 9, 2019, to consider 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.