Union Bank of India , a prominent public sector bank, has issued a revised intimation regarding the exercise of call option for one of its bond series. The bank has updated the redemption details for its ₹1,000 crore bond series, demonstrating continued proactive management of its debt obligations.

Revised Bond Redemption Details

The bank has provided updated information for the bond redemption under regulatory compliance:

Key Changes and Payment Schedule

The bank has clarified that if any coupon or redemption payment date falls on a non-business day, payment of interest or principal will be made on the preceding business day. Accordingly, the payment for ISIN INE692A08128 will be processed on January 9, 2026, instead of January 11, 2026.

This revision updates the bank's earlier communication dated December 5, 2025, ensuring accurate information is provided to stakeholders and regulatory authorities.

Regulatory Compliance

The intimation has been issued pursuant to Regulation 30 and 60(2) of the SEBI (Listing Obligation and Disclosures Requirements) Regulations 2015. The call option exercise remains subject to regulatory approval, maintaining the bank's commitment to compliance with all applicable regulations.

Financial Context

This bond redemption aligns with Union Bank of India's ongoing debt management strategy. The bank continues to optimize its capital structure while maintaining its position as a significant player in the public sector banking space. The redemption represents the bank's proactive approach to managing its liabilities and maintaining financial flexibility.

Investors holding these bonds should note the record date of December 26, 2025, to ensure smooth processing of their redemption payments when the call option is exercised.

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.