Union Bank of India’s board approves ₹20,000 crore fundraiser via long-term bonds; check details

Union Bank of India on Monday, March 16, said that its board of directors has considered and approved the issuance of long-term bonds amounting to ₹20,000 crore in one or more tranches.

In a regulatory filing, the PSU bank stated that its Committee of Directors for fund raising (Non-Capital), at a meeting held on Monday, approved the ₹20,000 crore fundraiser for infrastructure & affordable housing financing as per the Board-approved plan.

It added that out of the approved ₹20,000 crore, the bank may explore opportunities to raise ₹7,500 crore, comprising a base issue of ₹3,000 crore and a ₹4,500 crore green shoe option, with a 10-year tenor before March 31, 2026.

Furthermore, its board approved the issuance of green bonds or sustainable bonds amounting to ₹5,000 crore in one or more tranches.

Union Bank stock performance

Shares of Union Bank of India surged as much as 1.64% to an intraday high of ₹176.67 per unit in early trade on the National Stock Exchange (NSE) on Monday, before slipping into the red. However, the stock recovered and was trading in the positive zone after the announcement.

At around 11:46 AM, the scrip was trading 0.21% higher at ₹174.24 per equity share.

The share has lost 3% in the past week and 5% over the month. On a year-to-date basis, however, it has gained 13%.

While the stock hit a 52-week high of ₹205.49 apiece on February 27, 2026, it touched a year’s low of ₹112.17 on March 17, 2026.

Q3 results

It reported a 9% year-on-year (QoQ) jump in its net profit to ₹5,017 crore for the third quarter of FY26, compared to ₹4,604 crore it logged in the year-ago period.

Its net interest income (NII) rose marginally YoY to ₹9,328 crore during the quarter under review, as against ₹9,241 crore in the December quarter of FY25.

On the asset quality front, the bank posted a great improvement in GNPA and NNPA. The GNPA improved 79 bps quarter-on-quarter (QoQ) to 3.06%, and NNPA improved 31 bps to 0.51%.

Union Bank of India has a total market capitalisation of ₹1.34 lakh crore, as of March 16, 2026, according to data on the NSE.