Union Bank of India has announced that its Committee of Directors for Fund raising (Non-Capital) will convene on March 16, 2026, to discuss and approve the issuance of various bond instruments. The meeting notification was formally communicated to stock exchanges on March 11, 2026.

Meeting Agenda and Bond Issuance Plans

The Committee of Directors meeting has been specifically scheduled to address the approval of multiple bond categories:

The bank's strategic focus on infrastructure financing and affordable housing reflects its commitment to supporting key economic sectors. Additionally, the inclusion of green bonds and sustainable bonds demonstrates the bank's alignment with environmental, social, and governance (ESG) principles.

Regulatory Compliance

The announcement was made in strict compliance with SEBI regulations, specifically under Regulation 29(1)(d), 29(2), and 50(1)(d) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates prior intimation of board and committee meetings to stock exchanges.

Official Communication Details

The formal notification was issued with reference number ISD/445/2025-26 and was digitally signed by Ashish Mishra, Company Secretary of Union Bank of India, on March 11, 2026. The communication was simultaneously sent to both BSE Limited and the National Stock Exchange of India Limited, ensuring comprehensive market disclosure.

The meeting represents a significant step in the bank's capital market strategy, particularly in the non-capital fund raising segment, which could strengthen its financing capabilities across priority sectors.

Union Bank of India has successfully completed the annual interest payment on its bonds, demonstrating continued adherence to its debt service obligations. The bank paid ₹127.50 crores as annual interest on March 2, 2026, meeting the scheduled due date without any delays.

Bond Payment Details

The interest payment pertains to bonds with specific regulatory and financial parameters that highlight the bank's structured debt management approach.

Payment Timeline and Compliance

The bank maintained its consistent payment schedule, with the current interest payment made exactly on the due date of March 2, 2026. The previous annual interest payment was completed on March 3, 2025, showing the bank's commitment to regular debt servicing.

The payment was processed according to the beneficiary position as of the record date of February 15, 2026, and followed the mandates provided by investors. The bank confirmed that applicable Tax Deducted at Source (TDS) was deducted as per regulatory requirements.

Regulatory Framework

This interest payment disclosure was made in compliance with Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulation mandates listed entities to provide timely information about interest payments and redemptions on their debt securities.

The bank's Investor Services Division, based at Union Bank Bhavan in Mumbai's Nariman Point, handled the payment process and regulatory reporting. Company Secretary Ashish Mishra signed the compliance certificate, confirming the successful completion of the interest payment obligation.

Financial Implications

The timely payment of ₹127.50 crores represents the bank's ongoing commitment to honoring its debt obligations. With the total issue size of ₹1,500 crores, this annual interest payment reflects the cost of the bank's debt capital and its ability to service these obligations punctually.

The successful completion of this payment without any delays or complications reinforces the bank's financial discipline and regulatory compliance standards in its debt management practices.