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Last Updated : May 16, 2019 07:44 AM IST | Source: PTI

Union Bank to raise Rs 6,000 crore this fiscal

The board of the company, in a meeting held on Wednesday, approved raising "total capital fund up to Rs 6,000 crore during FY 2019-20," UBI said in a regulatory filing.

 
 
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Union Bank of India (UBI) said it plans to raise up to Rs 6,000 crore this fiscal through securities to meet its capital requirement.

The board of the company, in a meeting held on Wednesday, approved raising "total capital fund up to Rs 6,000 crore during FY 2019-20," UBI said in a regulatory filing.

Approval of the shareholders for raising the equity capital would be sought at the Annual General Meeting of the company, to be held on June 28, 2019.

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First Published on May 16, 2019 07:36 am
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