Union Bank of India is going to consider and approve issue of equity shares on preferential basis to Government of India (GoI) subject to necessary approvals/ permissions in this regard.
The meeting of Bank's Committee of Directors for raising capital funds is scheduled to be held on October 09, 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.
