Union Bank AGM: Rs 5 dividend, capital raise approved, new MD and CEO appointed

Union Bank of India's 24th AGM was held on July 10, 2026 via video conferencing. Shareholders approved FY26 financials, declared a Rs 5 dividend per share (face value Rs 10, a 50 percent payout), and authorized capital raising via fresh equity shares and/or Basel III AT1 or Tier-2 bonds. Asheesh Pandey was appointed as new MD and CEO, with Amresh Prasad as Executive Director and Dr Debasish Prusty as Government Nominee Director. Nitesh Ranjan and Ramasubramanian S were reappointed as Executive Directors. All 8 resolutions passed with requisite majority.