Union Bank of India Credit Rating
Union Bank of India's Tier-II Bonds (₹1,000 Cr) received BWR AAA/Stable reaffirmation; AT-1 Bonds ratings withdrawn post-full redemption. Stable outlook signals strong capital and improving asset quality.
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Union Bank of India's Tier-II Bonds (₹1,000 Cr) received BWR AAA/Stable reaffirmation; AT-1 Bonds ratings withdrawn post-full redemption. Stable outlook signals strong capital and improving asset quality.
Union Bank of India has completed the full redemption of its Basel III compliant Tier I Bonds worth ₹1,000 Crore. The redemption occurred on September 15, 2026.
Union Bank of India confirmed the payment of principal and interest (totaling ₹109.50 Crore) for its bonds, redeeming the outstanding amount in full via Call Option.
Reserve Bank of India imposed a penalty of ₹0.01 Crore on Union Bank of India for deficiencies in currency chest management.
Union Bank of India reported strike notices served by unions for September and October 2026. The bank cannot currently quantify the potential impact on branch operations.
Union Bank of India announced the superannuation of Chief General Manager Shri Suresh Chandra Teli and the elevation of Shri Omprakash Shriniwas Karwa to that position.
Union Bank of India issued two tranches of senior unsecured notes, each valued at US$ 300 million, through its DIFC branch in Dubai.
Fitch Ratings has assigned an 'BBB-(EXP)' long-term issue rating to the proposed U.S. dollar-denominated senior unsecured notes of Union Bank of India's Dubai branch.
Union Bank of India delivered strong Q1 FY27 results with 17.23% RoE and 1.36% RoA. Focus remains on RAM segments and CASA mobilization to optimize funding costs.
Union Bank of India received a penalty of ₹0.03 Crore from the RBI regarding detection of counterfeit notes and currency shortages during an inspection.