U
nion Bank of India has raised additional capital to the extent of Rs 2,000 crore by issue of Basel III compliant Unsecured Redeemable Non-Convertible Tier II Bonds (Series XVII-A). Recently, the bank had received an approval for raising equity capital not exceeding Rs 1,997 crore on preferential/QIP/Rights basis subject to approval of Government of India/RBI and various regulations and laws related thereto.
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