Union Bank of India to raise Rs 8,100 cr in capital

Hyderabad: State-owned Union Bank of India held its 20th Annual General Meeting (AGM) in Mumbai. At the AGM, shareholders of the Bank passed resolutions on discussion, approval and adoption of accounts (standalone and consolidated) for the year ended March 31, 2022 together with the reports of board of directors and auditors. At the meeting, a resolution declaring dividend of Rs 1.90 per equity share for the F22 was also passed. The board decided to raise capital of Rs 8,100 crores. The chairperson acknowledged all the shareholders for their presence and continued support.