Union Bank of India Ltd

Union Bank of India announced that CARE Ratings Limited has taken action on several of the bank’s instruments on October 7, 2026, as reported under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; specifically, CARE Ratings Limited withdrew the rating for the instrument with ISIN INE692A08029 (Additional Tier-1 Bond), while reaffirming the AAA Stable rating for the instruments with ISINs INE692A08219 (Tier-2 Bond), INE692A08201 (Tier-2 Bond), INE692A08235 (Infrastructure Bonds), and for unutilized Infrastructure Bonds, with verification status confirmed on October 7, 2026, for all listed instruments.

Union Bank of India announced reaffirmations of its credit ratings from both S&P Global Ratings and Standard & Poor's, with S&P Global Ratings affirming the Issuer Credit Ratings at BBB/Stable/A-2 and the SACP at bbb-, while Standard & Poor's affirmed the Issuer Credit at BBB/Stable/A-2 and SACP at bbb-. The ratings reflect an improved capital position and the likelihood of government support, though a downgrade is possible if India's sovereign rating weakens or Union Bank's SACP deteriorates; the board approved raising equity of INR 30 billion in fiscal 2027 and additional Tier 1 and Tier 2 instruments totaling INR 50 billion, and also set aside INR 8 billion in standard asset provisions.

Union Bank of India rose for a third straight session today. The stock is quoting at Rs 173.02, up 2.72% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.53% on the day, quoting at 22655.35. The Sensex is at 72816.45, down 0.34%. Union Bank of India has dropped around 5.57% in last one month. Meanwhile, Nifty Bank index of which Union Bank of India is a constituent, has dropped around 3.01% in last one month and is currently quoting at 55128.4, down 0.1% on the day. The volume in the stock stood at 84.54 lakh shares today, compared to the daily average of 79.81 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 173.97, up 3.27% on the day. Union Bank of India is up 27.2% in last one year as compared to a 9.55% fall in NIFTY and a 1.69% fall in the Nifty Bank index.The PE of the stock is 6.45 based on TTM earnings ending June 26.

Union Bank of India has announced rating actions and withdrawals across several instruments from Brickwork Ratings India Pvt. Ltd. and BWR. Brickwork Ratings has withdrawn ratings on the bank’s INE692A08110, INE692A08128, and INE692A08136 Additional Tier I (AT-1) bonds due to full redemption, while reaffirming the AAA rating on the INE112A08051 Tier-2 bond. BWR has reaffirmed its BWR AAA/ Stable rating on Tier II Bonds valued at 1000.00 and BWR AA+/ Stable on Additional Tier I bonds, while withdrawing ratings on Additional Tier I bonds totaling 1705.00 due to full redemption, alongside reaffirming ratings on various other Tier II and Additional Tier I bond instruments, some of which were transferred from Corporation Bank.

Union Bank of India announced that Suresh Chandra Teli has superannuated from the position of Chief General Manager, effective August 31, 2026, and Omprakash Shriniwas Karwa has been elevated to the post of Chief General Manager, effective September 1, 2026.

Union Bank of India announced that S&P Global Ratings has assigned ratings to its XS3485474533 instrument with a 3-year maturity and XS3485474707 instrument with a 5-year maturity, both rated BBB, representing U.S. dollar-denominated senior unsecured notes; the agency also assigned a BBB rating to U.S.$300,000,000 5.230 per cent. Notes due 2029 and a BBB rating to U.S.$300,000,000 5.417 per cent. Notes due 2031, both issued by the bank’s DIFC Branch, alongside general statements about credit ratings expected in May 2025, while no rating information was provided by N/A agencies and no data was found for N/A instruments.

Union Bank of India announced ratings actions across several instruments from Fitch Ratings, including an initial rating of BBB- for XS3485474533, a 3-year USD-denominated senior unsecured note, and XS3485474707, a 5-year USD-denominated senior unsecured note; Fitch also assigned a final rating of BBB- to USD600 million senior bonds, as well as assigned and finalized ratings for USD300 million 5.230% senior unsecured notes due August 2029, and USD300 million 5.417% senior unsecured notes due August 2031, both with amounts of USD300 million; furthermore, Fitch assigned new ratings to the senior unsecured long-term rating (BBB-), senior unsecured LT (xgs) (BB), senior unsecured LT (BBB-), senior unsecured (BBB-), and senior unsecured (xgs) (BB(xgs)), while also finalizing the senior unsecured rating for USD600 million senior bonds.

Union Bank of India announced that S&P Global Ratings has assigned a long-term issue rating of BBB to its U.S. dollar-denominated senior unsecured notes, equal to the long-term issuer credit rating (BBB/Stable/A-2), and has also assigned a BBB rating to its U.S. Senior Notes issued by its DIFC Branch, proposed for issuance; no other rating agencies were mentioned in the provided information, and therefore no rating actions, enhancements, assignments, or withdrawals were noted for any other instruments.

Union Bank of India announced ratings actions from Fitch Ratings concerning its outstanding and proposed debt instruments. Fitch Ratings has assigned a 'BBB-(EXP)' rating to U.S. dollar-denominated senior unsecured notes and proposed senior unsecured notes, both equal to the long-term issuer credit rating on UBI (BB-/Stable), with a Long-Term Issuer Default Rating (IDR) of 'BBB-/Stable' equalised with the Indian sovereign's IDR; furthermore, Fitch has assigned initial ratings of 'BBB- (EXP)' to proposed senior bonds, contingent on final documents, and an expected rating of BBB-(EXP) linked to the IDR, alongside initial ratings of BB(xgs)(EXP) for Senior Unsecured Long-Term driven by a Viability Rating of 'bb', BBB-(EXP) for Senior unsecured Long-Term, BB(xgs)(EXP) for Senior unsecured LT (xgs), and BBB-(EXP) for proposed senior bonds, with Senior Bonds also receiving an Assigned/Maintained rating of BBB-(EXP) related to proposed issuances.

Union Bank of India will hold a meeting of the Board of Directors of the Company on 30 July 2026.