Sensex
71,952.06 profit arw -520.27 (-0.72%)
Nifty
22,398.20 profit arw -122.25 (-0.54%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Enter a 10 digit mobile number starting with 7, 8, or 9
Captcha verification code, enter the characters shown below

As on : 07-Oct-2026
Hot Pursuit
07-Oct-2026     13:25

Union Bank of India secures credit rating reaffirmations from S&P Global and Standard & Poor's

Union Bank of India announced reaffirmations of its credit ratings from both S&P Global Ratings and Standard & Poor's, with S&P Global Ratings affirming the Issuer Credit Ratings at BBB/Stable/A-2 and the SACP at bbb-, while Standard & Poor's affirmed the Issuer Credit at BBB/Stable/A-2 and SACP at bbb-. The ratings reflect an improved capital position and the likelihood of government support, though a downgrade is possible if India's sovereign rating weakens or Union Bank's SACP deteriorates; the board approved raising equity of INR 30 billion in fiscal 2027 and additional Tier 1 and Tier 2 instruments totaling INR 50 billion, and also set aside INR 8 billion in standard asset provisions.

INDIAN INDICES

Sensex

71,952.06 -520.27 (-0.72%)

Nifty

22,398.20 -122.25 (-0.54%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

24,160.15 374.35(1.57%)