Union Bank to get Rs 1,154-cr capital infusion from Government of India

The Union Government will infuse Rs 1,154-crore capital in Union Bank of India before this month-end.

“We have asked for Rs 900 crore and the Government has approved infusion of Rs 1,154 crore,’’ K. Subrahmanyam, Executive Director, Union Bank of India, told newspersons here on March 14, 2013.

The EGM of the bank would meet on March 16 to approve the infusion. “We should be able to complete the process within a week after the EGM,’’ he said.

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