Union Bank of India has informed the Exchange about Security cover certificate of the Bank for the Quarter ended on March 31, 2025
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Union Bank of India has submitted its audited financial results (standalone and consolidated) for the quarter and full year ended March 31, 2025, along with the Statement of Assets and Liabilities and Statement of Cash Flows, approved by the Board on May 8, 2025. The Board has recommended a dividend of ₹4.75 per equity share (face value ₹10) for FY 2024-25, subject to shareholder and statutory approvals at the upcoming 23rd AGM. The bank filed a NIL deviation statement confirming proceeds from equity shares and Basel III bonds were used as intended. A separate Security Cover Certificate from the statutory auditor (GS Mathur & Co) confirms compliance with all covenants for listed debt securities, all of which are unsecured and privately placed, with no covenant breaches reported.
The ₹4.75 dividend recommendation is a positive signal for shareholders, while the clean auditor compliance report and NIL fund-use deviation reinforce confidence in the bank's financial discipline. This is largely a routine regulatory disclosure accompanying the Q4 earnings filing.