Union Bank Of India

Sept 11 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA - RBI IMPOSES PENALTY OF 133,850 RUPEES

Source text: ID:nnAZN4TJRR8

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Union Bank of India reported on 9 September that several bank-union groups had served notices for strikes over various issues. The notices covered a one-day stoppage on 11 September, a three-day action from 28 to 30 September and an indefinite strike from 26 October. The bank said branches and administrative offices across India might be affected if the action materialised, but it could not quantify the impact. Its advances stood at ₹1,10,722 crore and deposits at ₹1,28,337 crore at the end of the June quarter.

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Sept 9 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA - CERTAIN UNIONS HAVE SERVED NOTICE OF STRIKE, ON VARIOUS ISSUES; BRANCHES, OFFICES ACROSS INDIA MAY BE AFFECTED IF STRIKE OCCURS

Source text: ID:nNSE8xBs7N

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By Dharamraj Dhutia

MUMBAI, Aug 25 (Reuters) - Union Bank of India UNBK.NS has accepted bids worth $600 million for a public sale of U.S. dollar-denominated bonds through its Dubai branch, its first such issuance in more than 12 years, two merchant bankers said on Tuesday.

The bank raised $300 million each through three-year and five-year papers at a coupon of 5.23% and 5.4170%, respectively, the lender said in a notice to stock exchanges.

The three-year bonds were priced at 93 basis points above U.S. Treasuries, while the five-year tenor is priced at 102 bps above Treasuries, sharply below the bank's initial guidance of 120 bps and 130 bps.

The lender is the third state-run bank to tap the dollar debt market through the public route since June, when the central bank announced a discounted hedging facility that lowers the cost of borrowing for financial institutions.

India's top two state-run lenders, State Bank of India SBI.NS and Bank of Baroda BOB.NS, have raised $500 million and $700 million, respectively, through a public sale, with the former also adding $600 million through the private route.

Separately, IDFC First Bank IDFB.NS also raised $350 million through a private placement of five-year securities through its GIFT City branch, a week after the lender raised $600 million through three-year debt.

Banks have been scrambling to complete their dollar issuances, with most funds being used to provide leverage to customers who will deposit them under the RBI's discounted dollar deposit scheme.

Earlier this month, the RBI said the window provided to banks for hedging non-resident deposits would end a month early, on August 31.

The rush has prompted a wave of offshore fundraising by Indian lenders, which raised $11.25 billion through bond issuances from June to August.

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

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Union Bank of India set out a US$600 million issue of senior unsecured notes through its DIFC branch, split equally between three-year notes due in 2029 and five-year notes due in 2031. The notes carried coupons of 5.230% and 5.417%, respectively, with allotment scheduled for 28 August 2026 and listing proposed on NSE IFSC Limited. The proceeds were earmarked for funding and expanding the DIFC branch and for general corporate purposes. The bank had approved a US$2 billion medium-term note programme in July and had marketed a proposed DIFC benchmark issue without disclosing its size or pricing. Union Bank reported standalone net profit of ₹5,332 crore for the June quarter and a capital adequacy ratio of 18.46%.

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By Dharamraj Dhutia

MUMBAI, Aug 21 (Reuters) - Union Bank of India UNBK.NS is set to become the third state-run lender to tap the dollar debt market through the public route since June, two merchant bankers said on Friday, as domestic lenders rush to raise overseas funds.

Here are some details:

• Union Bank is likely to target at least $1 billion through a combination of three- and five-year bonds, the bankers said, requesting anonymity as they are not authorised to speak to the media.

• The lender had received board approval in July to raise up to $2 billion via overseas borrowings.

• Union Bank is conducting roadshows to gauge investor interest before launching the issue and providing the initial price guidance, the bankers said.

• "They are running out of time and would have to wrap up the issue by the middle of next week or raise a smaller quantum through a private placement," one of the bankers said.

• The lender did not reply to a Reuters request for comment.

• India's top two state-run lenders, State Bank of India and Bank of Baroda, have raised $500 million and $700 million through the public route.

• SBI has also raised $600 million through a private placement of dollar debt.

• Indian lenders have raised an aggregate of $9.3 billion through the sale of dollar bonds since June 5, when the Reserve Bank of India announced a concessional swap facility for overseas FX borrowings.

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

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Aug 18 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA - RESERVE BANK OF INDIA IMPOSES PENALTY OF 308,795 RUPEES ON UNION BANK OF INDIA

• UNION BANK OF INDIA - PENALTY RELATES TO COUNTERFEIT, MUTILATED NOTES AND CURRENCY SHORTAGE DETECTED BY RBI

Source text: ID:nBSE3rzt5G

Further company coverage: UNBK.NS

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By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Aug 17 (Reuters) - Indian lenders are rushing dollar loan and bond issues over the next two weeks after the central bank unexpectedly advanced the end date for an FX swap facility that banks were using for hedging exposure to deposits raised from diaspora.

As part of a raft of measures to boost inflows, lenders were permitted to use these overseas borrowings to offer loans to non-resident Indians. Banks' overseas fundraising had also been subsidised.

Now, with the Reserve Bank of India announcing the closure of the forex swap window for August 31, a month earlier than initially planned, Indian private and state-run banks are on track to raise at least $5 billion through a combination of bonds and loans, four bankers said.

"Some of the fund raising plans have been brought forward to utilize the last few days," Akshay Naik, India head of debt capital markets at Citi, said.

"We will have one of the busiest windows for the next 6-8 days from India. Few institutions who are not ready may need to drop their plan if it was solely meant for FCNR leverage."

Large private-sector lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS are in talks to raise about $1.5 billion each via dollar bonds and loans, while peers including Axis Bank AXBK.NS, YES Bank YESB.NS, RBL Bank RATB.NS and Kotak Mahindra Bank KTKM.NS are planning to raise at least $500 million each through overseas debt markets, bankers said.

State-run lenders State Bank of India SBI.NS, Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS, Union Bank of India UNBK.NS, Bank of India BOI.NS and Central Bank of India CBI.NS are targeting dollar raises of $250 million to $500 million each, with the larger banks likely to target bigger issues, the bankers said.

None of the lenders replied to Reuters emails seeking comment.

All the bankers declined to be named as the discussions are private.

BANKS ON TRACK FOR RECORD DOLLAR FUNDRAISING

Indian lenders have raised a combined $5.93 billion through dollar bond sales and loans so far this year, according to LSEG data through August 11.

The tally has climbed by another $1.2 billion, following debt sales by two large state-run lenders last week.

Over the last 15 years, banks' annual foreign borrowing topped $6 billion on three occasions, including in 2013, when the RBI had opened a swap window.

"Would expect $5-7 billion of additional bond and loan issuances for the remainder of year," Naik said.

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

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Union Bank of India scheduled a one-to-one virtual investor meeting with Millennium Capital (DIFC) Limited for 11 August 2026, with the bank's central office in Mumbai listed as the venue. The interaction was to draw only on publicly available documents, and the bank said it did not propose to share unpublished price-sensitive information. The bank's Q1 FY27 net profit was ₹5,332 crore, up 30% from a year earlier, while GNPA and NNPA stood at 2.65% and 0.47%. Its standalone CRAR was 18.46% and CET1 ratio was 16.38%.

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By Dharamraj Dhutia

MUMBAI, July 31 (Reuters) - Strong demand for India's largest state-run lender's perpetual bond issue is expected to encourage similar offerings from other banks, four merchant bankers said on Friday.

Several banks also have outstanding perpetual bonds with call options due this financial year, which could prompt them to raise fresh perpetual debt, they said.

Perpetual bonds are debt securities that do not have a maturity date. Most such issues give investors an exit via call options, most commonly after end of five years.

Earlier this week, State Bank of India SBI.NS raised 46.91 billion rupees ($492 million), through sale of Basel III compliant additional Tier I perpetual bonds, with a call option at end of five years.

"A successful SBI issuance could provide an important pricing benchmark and encourage other banks to evaluate AT-1 issuances during the year," said Saurav Ghosh, co-founder of Jiraaf, an online debt trading platform.

Banks are likely to continue strengthening their capital buffers to support credit growth and balance-sheet expansion, he said.

SBI will pay an annual coupon of 7.75% to the investors and drew bids worth over 60 billion rupees with provident funds, pension funds, mutual funds and some lenders subscribing to the securities.

"SBI's cut-off broadly reflects prevailing market expectations and indicates that institutional demand remained resilient across investor segments despite heightened market volatility," said Venkatakrishnan Srinivasan, founder and managing partner of debt advisory firm Rockfort Fincap.

Five large state-run banks including SBI have call option due for perpetual bonds worth 307 billion rupees over the next eight months of this fiscal.

SBI has 140 billion rupees in bonds due for a call option, while Union Bank of India and Canara Bank will offer an exit to investors on debt worth 60 billion rupees and 40 billion rupees respectively.

Punjab National Bank and Bank of Baroda also have perpetual bonds worth an aggregate of around 67 billion rupees, for which the call options are due later this year.

($1 = 95.4350 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

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Union Bank of India's board approved a programme to raise up to USD 2 billion through medium-term notes issued from its Dubai or Sydney branches. The issuance adds to the bank's overseas borrowing capacity, which has been largely untapped until now. It follows a Rs 3,000 crore domestic infrastructure bond placement in March 2026. The bank has been shedding high-cost bulk deposits to protect margins, pushing its credit-deposit ratio to 83.5 per cent in the June quarter while capital adequacy stood at a robust 18.46 per cent.

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July 30 (Reuters) - Union Bank of India Ltd UNBK.NS:

• APPROVED RAISING FOREIGN CURRENCY FUNDS TO THE EXTENT OF USD 2.00 BILLION VIA MEDIUM TERM NOTE PROGRAMME

• RAISING FUNDS VIA ISSUANCE OF DEBT INSTRUMENTS AT BANK'S DUBAI, SYDNEY BRANCHES

Further company coverage: UNBK.NS

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July 27 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA - TO CONSIDER FUND RAISING VIA DEBT ISSUE OF FOREIGN CURRENCY FUND THROUGH MEDIUM TERM NOTE PROGRAMME

Source text: [ID:]

Further company coverage: UNBK.NS

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July 15 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA Q1 NET PROFIT 53.32 BILLION RUPEES

• UNION BANK OF INDIA Q1 GROSS NPA 2.65%

• UNION BANK OF INDIA Q1 INTEREST EARNED 272.03 BILLION RUPEES

• UNION BANK OF INDIA Q1 PROVISIONS AND CONTINGENCIES 9.79 BILLION RUPEES

• UNION BANK OF INDIA Q1 PROVISIONS AND CONTINGENCIES FOR NPA 10.2 BILLION RUPEES

Source text: [ID:]

Further company coverage: UNBK.NS

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April 23 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA Q4 NET PROFIT 53.16 BILLION RUPEES

• UNION BANK OF INDIA Q4 GROSS NPA 2.82%

• UNION BANK OF INDIA Q4 INTEREST EARNED 264.39 BILLION RUPEES

• UNION BANK OF INDIA Q4 PROVISIONS AND CONTINGENCIES 10.55 BILLION RUPEES

• UNION BANK OF INDIA Q4 PROVISIONS FOR NPA 4.23 BILLION RUPEES

Source text: ID:nBSEbPh5tS

Further company coverage: UNBK.NS

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Sberbank Rossii PAO SBER.MM:

• INDIA GOVERNMENT: UNION BANK, SBER BANK AUTHORISED TO IMPORT ONLY GOLD WITH EFFECT FROM APRIL 1, 2026 TO MARCH 31, 2029

Source text: [ID:]

Further company coverage: SBER.MM

Updates throughout

April 2 (Reuters) - India's bank stocks dropped to their lowest levels in nearly a year on concerns over potential losses after the central bank intensified its crackdown on speculative activity in the rupee.

The Nifty Bank index .NSEBANK slid as much as 2.8% to 50,004.30 points - its lowest level since April 9, 2025 - with all constituents trading lower.

The index has fallen 4.3% this week following the Reserve Bank of India's curbs, underperforming the benchmark Nifty 50 .NSEI, which is down 2.6%.

On Wednesday, the RBI barred banks from offering rupee non-deliverable forwards to resident and non-resident clients, days after it put a limit of $100 million on banks' net open rupee positions.

Jefferies said banks were hoping to mitigate losses stemming from the initial measures by transferring or selling part of their positions to corporates, hedge funds and other clients.

The fresh curbs may bring the losses back to original estimates or a tad higher at 40 billion rupees to 50 billion rupees ($428.05 million-$535.07 million), the brokerage said.

The RBI's measures come as the rupee INR=IN has hit a string of all-time lows on worries over spillovers from the Iran war. The currency fell 4.24% in March, its worst monthly drop in six years, before the latest curbs helped it rise 1.4% to 93.53 per U.S. dollar in early trade on Thursday.

Private lenders HDFC Bank HDBK.NS and ICICI Bank ICBK.NS dropped 1.4% each on Thursday, while state-run banks logged sharper losses. State Bank of India SBI.NS was down 2.9%, while Punjab National Bank PNBK.NS, Canara Bank CNBK.NS and Union Bank of India UNBK.NS lost 3.4%, 3.6% and 3.9%, respectively.

Jefferies expects banks to book part of their losses in the January-March and April-June quarters, and said foreign lenders account for 45% of the currency derivatives market and related losses, while private banks have a 40% share.

($1 = 93.4460 Indian rupees)

(Reporting by Vivek Kumar M in Bengaluru and Ashwin Manikandan in Mumbai; Editing by Sonia Cheema)

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March 27 (Reuters) -

• RBI: IMPOSED MONETARY PENALTY OF 9.5 MILLION RUPEES ON UNION BANK OF INDIA

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MUMBAI, March 20 (Reuters) - Union Bank of India UNBK.NS has accepted bids worth 30 billion rupees ($321.43 million) for the sale of its first infrastructure bond with a 10-year maturity, three merchant bankers said on Friday.

The state-run lender will pay a coupon of 7.16% and had invited commitment bids from bankers and investors earlier in the day, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on March 20:

*Size includes base plus greenshoe for some issues

($1 = 93.3340 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; editing by Harikrishnan Nair)

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MUMBAI, March 18 (Reuters) - Union Bank of India UNBK.NS is planning to raise 75 billion rupees ($812.30 million), including a greenshoe option of 45 billion rupees, through sale of first infrastructure bond issue with a 10-year maturity, three merchant bankers said on Wednesday.

The state-run lender has invited coupon and commitment bids from bankers and investors on Friday.

Here is the list of deals reported so far on March 18:

* Size includes base plus greenshoe for some issues

($1 = 92.3300 Indian rupees)

(Reporting by Dharamraj Dhutia)

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March 16 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA - TO ISSUE LONG-TERM BONDS UP TO 200 BILLION RUPEES FOR INFRASTRUCTURE AND AFFORDABLE HOUSING

• UNION BANK OF INDIA - TO ISSUE GREEN/SUSTAINABLE BONDS UP TO 50 BILLION RUPEES IN TRANCHES

• UNION BANK OF INDIA - MAY RAISE 75 BILLION RUPEES WITH 10-YEAR TENOR BEFORE MARCH 31, 2026

Source text: ID:nNSE3p8g85

Further company coverage: UNBK.NS

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March 12 (Reuters) - India's financial crimes agency has frozen 5.82 billion rupees ($63.07 million) worth of properties linked to Reliance Home Finance Limited RLIC.NS and Reliance Commercial Finance, the Enforcement Directorate said on Thursday.

• The move followed search operations conducted on March 6 in the case of Reliance Power Limited RPOL.NS under the foreign-exchange regulation law.

• With this, the cumulative Reliance Anil Ambani Group attachment has reached 163.10 bln rupees.

• ED said it began the probe on July 22, 2025 based on multiple FIRs from the Central Bureau of Investigation involving cheating and criminal conspiracy, following complaints by Yes Bank YESB.NS, Union Bank of India UNBK.NS and Bank of Maharashtra BMBK.NS.

• The agency said Reliance Home Finance and Reliance Commercial Finance raised over 110 billion rupees in public funds from banks.

• It found public funds were diverted to various Reliance Group companies through numerous shell entities controlled by the Anil Ambani-led group.

• ED said it is pursuing those involved and working towards recovering the diverted funds for rightful claimants and further investigation is ongoing.

• A query sent to Anil Ambani's Reliance group was not immediately answered.

($1 = 92.2770 Indian rupees)

(Reporting by Nikunj Ohri and Meenakshi Maidas in Bengaluru; Editing by Krishna Chandra Eluri)

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Feb 25 (Reuters) -

• FITCH: AFFIRMS UNION BANK OF INDIA AT 'BBB‐'/STABLE; UPGRADES VIABILITY RATING TO 'BB'

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Feb 11 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA - AIBEA AND BEFI SERVED NOTICE OF ONE DAY STRIKE ON 12TH FEBRUARY

Source text: ID:nBSEbB1HsD

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Jan 29 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA - DHIRENDRA JAIN HAS BEEN APPOINTED AS CFO

Source text: ID:nNSE36gC5T

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Jan 14 (Reuters) - Union Bank of India Ltd UNBK.NS:

• Q3 NIM AT 2.76%

Source text: ID:nnAZN4RYHRE

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** Union Bank of India UNBK.NS climbs 2.7% to 166.70 rupees; top gainer among state-owned banks .NIFTYPSU

** Stock gained 6.3% across two sessions after reporting healthy loans, deposit growth for quarter ending December 31

** Nifty PSU Bank .NIFTYPSU index up 1%

** Stock rated "buy" on average, same as state-owned peers, per data compiled by LSEG

** UNBK rose ~28% in 2025, but trailed NIFTYPSU's 30% climb

(Reporting by Nandan Mandayam in Bengaluru)

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Jan 2 (Reuters) - Union Bank of India Ltd UNBK.NS:

• UNION BANK OF INDIA - TOTAL GROSS ADVANCES GLOBAL GREW 7.13% YOY AS OF DECEMBER 31

• UNION BANK OF INDIA - DEPOSITS (GLOBAL) GREW 3.36% YOY AS OF DEC 31

Further company coverage: UNBK.NS

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By Dharamraj Dhutia

MUMBAI, Oct 3 (Reuters) - At least four major state-owned Indian banks have increased their internal limits for investing in state bonds following discussions with the Reserve Bank of India last month, according to five treasury officials aware of the decisions.

Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS and Union Bank of India UNBK.NS - among India's top five government-owned lenders by assets - have raised their investment caps by 5 to 20 percentage points, the sources said.

"Most of the top five-six banks barring one have raised the internal cap that they had set for taking exposure to state debt in treasury books after a round of consultations and meetings with the central bank," one of the officials said.

The sources requested anonymity as they are not authorised to speak to media. The banks did not respond to emailed queries.

Indian banks, including both private and public sector entities, are significant buyers of state-issued bonds, collectively holding nearly 36% of states' debt as of June, according to regulatory data.

BORROWING COST RELIEF

Indian states are projected to raise a record 12 trillion rupees ($135.2 billion) through bond issuances in the current financial year, with 7 trillion rupees expected between October and March.

Reduced buying by banks, insurers, and pension funds had driven yields on state bonds higher by 40 to 70 basis points during the three months ending September, with several auctions undersubscribed.

Market participants now anticipate improved bank participation at auctions, which could ease yields. Banks had also sought changes to the auction process to mitigate mark-to-market losses on their portfolios.

($1 = 88.7600 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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Sept 30 (Reuters) - Union Bank of India Ltd UNBK.NS:

• INDIAN GOVERNMENT APPROVES APPOINTMENT OF ASHEESH PANDEY AS UNION BANK OF INDIA MD & CEO FOR 3 YEARS - NOTIFICATION

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