Union Bank of India , a prominent public sector bank, has announced its decision to redeem two bond series totaling ₹1,205 crores through the exercise of call options. This strategic move, subject to regulatory approval, demonstrates the bank's proactive approach to managing its debt obligations and optimizing its capital structure.

Bond Redemption Details

The bank plans to redeem the following bonds:

It's important to note that if any coupon or redemption payment date falls on a non-business day, the payment will be made on the next business day. For instance, the payment for ISIN INE692A08128 will be processed on January 12, 2026, instead of January 11, 2026.

Financial Implications

This redemption aligns with Union Bank of India's ongoing efforts to manage its liabilities effectively. Based on the bank's recent financial data:

• The bank's total assets stood at ₹1,511,329.40 crores, showing a 7.80% increase from the previous year.
• Total equity increased by 16.64% year-over-year, reaching ₹113,834.10 crores.
• The bank's reserve and surplus grew by 18.07% to ₹106,096.50 crores, indicating improved financial strength.

The redemption of these bonds, while a small fraction of the bank's overall liabilities, reflects Union Bank's commitment to active debt management and maintaining a healthy balance sheet.

Investor Considerations

For bondholders, this announcement signals the need to prepare for the upcoming redemption. Investors holding these bonds should take note of the record dates to ensure smooth processing of their redemption payments.

As Union Bank of India continues to navigate the dynamic banking landscape, such strategic financial decisions underscore its focus on maintaining a robust capital position and optimizing its debt profile. This move may potentially impact the bank's interest expenses and capital adequacy ratios in the coming quarters, although the overall effect is likely to be modest given the scale of the bank's operations.

Investors and market observers will be keen to see how Union Bank of India utilizes this opportunity to further strengthen its financial position and support its growth objectives in the competitive banking sector.

Union Bank of India , a prominent player in the Indian banking sector, has announced a significant addition to its leadership team. Shri Amresh Prasad, formerly the Chief General Manager of Punjab National Bank, has been appointed as the new Executive Director of Union Bank of India.

Key Appointment Details

Extensive Banking Experience

Shri Amresh Prasad brings a wealth of experience to his new role at Union Bank of India. With over 32 years in the banking industry, he has developed expertise in several critical areas:

• Corporate credit
• Credit review and monitoring
• Transaction monitoring
• Branch operations

This extensive background positions Shri Prasad well to contribute to Union Bank of India's strategic initiatives and operational excellence.

Appointment Process

The appointment of Shri Amresh Prasad as Executive Director was made by the Central Government, as notified on November 24, 2025. His tenure is set for three years from the date of assuming office, or until he reaches the age of superannuation on October 31, 2028, or until further orders, whichever comes first.

Educational Background

Shri Prasad's educational qualifications include:

• Graduation in Chemistry
• Certified Associate from the Indian Institute of Bankers (CAIIB)

He has also participated in various training and Leadership Development Programs, including:

• Leadership Development Program at SBI L, Kolkata
• Aarohan 2023 FSIB Program conducted by Financial Services Institution

Implications for Union Bank of India

This appointment is expected to bring fresh perspectives and valuable insights to Union Bank of India's executive team. Shri Prasad's extensive experience in various aspects of banking, particularly in corporate credit and monitoring, aligns well with the bank's focus on maintaining a robust financial position and enhancing its service offerings.

As Union Bank of India continues to navigate the evolving landscape of the Indian banking sector, Shri Amresh Prasad's leadership is anticipated to play a crucial role in shaping the bank's strategies and operations in the coming years.