Union Bank of India is making plans to consider and approve the proposal for advent, supplying, issuance and allotment of fairness shares of face value of Rs 10 every to the President of India appearing on behalf of Government of India, for an quantity aggregating up to Rs 2,839 crore by using way of preferential allotment. The Board of Directors of the Bank at its assembly to be held on February 25, 2019 to recollect the same.
Union Bank of India is one among the most important government-owned banks of India. The Bank offers services and products in 3 categories – Deposits, Loans and Advances, and Remittances & Collections. Its segments encompass treasury operations, corporate & wholesale banking, retail banking and other banking operations.
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