Union Bank of India has raised Rs 1000 crore through Unsecured, Redeemable, Non-Convertible, Taxable, Basel Ill Compliant Tier II Bonds and allotted 7.42% p.a. ,10,000 Bonds face value of Rs 10,00,000 per bond.
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.