Union Bank of India has announced a change in its directorate following the completion of tenure of one of its Part-time Non-Official Directors. The bank communicated this development to stock exchanges in compliance with regulatory disclosure requirements.

Director Tenure Completion

Shri Suraj Srivastava, who served as Part-time Non-Official Director on the Board of Union Bank of India, completed his tenure on April 10, 2026. Following the completion of his term, he ceased to be a director of the bank effective April 11, 2026.

Regulatory Compliance

The bank made this disclosure in terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The communication was filed with both BSE Limited and National Stock Exchange of India Limited on April 10, 2026.

Official Communication

The disclosure was signed by Ashish Mishra, Company Secretary of Union Bank of India, and was digitally authenticated on April 10, 2026. The bank referenced its previous communication dated April 11, 2025, regarding this directorate matter.

This directorate change represents a routine completion of the director's tenure rather than any unexpected departure from the bank's board.

Union Bank of India has submitted its Statement of Debt Securities for the half year ended March 31, 2026, in compliance with SEBI circular requirements. The comprehensive statement reveals the bank's outstanding debt securities portfolio totaling ₹17,933.00 crore across 14 different securities.

Regulatory Compliance and Submission

The statement was submitted on April 10, 2026, pursuant to Chapter VIII, para 10.1 (a) of SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, as amended on April 13, 2022. The submission also complies with Paragraph 9.1 (a) of Chapter VIII of the SEBI Master Circular dated October 15, 2025. The document was digitally signed by Ashish Mishra, Company Secretary, and filed with both BSE Limited and National Stock Exchange of India Limited.

Debt Securities Portfolio Overview

The bank's debt securities portfolio demonstrates a diverse mix of perpetual and fixed-term instruments. The total amount issued and outstanding stands at ₹17,933.00 crore, indicating that all issued securities remain fully outstanding with no redemptions during the reporting period.

Interest Rate Structure and Terms

The coupon rates across the debt securities portfolio range from 7.16% to 9.50%, with all securities paying interest annually. The highest coupon rate of 9.50% applies to the perpetual security issued in September 2016, while the most recent issuance in March 2026 carries a coupon rate of 7.16%.

Key Securities by Value:

Embedded Options and Features

Most securities in the portfolio include embedded call options, providing the bank with flexibility for early redemption. The call options are typically exercisable on the fifth or tenth anniversary from the deemed date of allotment or on any subsequent allotment anniversary date. Only three securities in the portfolio do not feature embedded options, representing ₹4,750.00 crore of the total outstanding amount.

Maturity Profile

The debt securities portfolio shows a well-distributed maturity profile spanning from 2026 to 2037, with six perpetual securities providing long-term capital support. The nearest maturity is scheduled for November 24, 2026, involving a ₹750.00 crore security with a 7.74% coupon rate issued in November 2016.

The submission demonstrates Union Bank of India's active participation in debt capital markets and its commitment to maintaining transparency in regulatory reporting. The diverse portfolio structure reflects the bank's strategic approach to capital management across different market conditions and interest rate environments.