Union Bank of India Receives USD 18.37 Million from IIBMB Liquidation
Union Bank of India has received an interim distribution of capital repatriation amounting to USD 18,369,485.95 from the liquidator. This distribution is a result of the Member’s Voluntary Liquidation...
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Why is Union Bank of India in the news today?
Union Bank of India (UNIONBANK) is in the news due to the announcement is a routine disclosure regarding the receipt of funds from a joint venture's liquidation. it does not contain any new financial performance indicators or strategic initiatives that would significantly alter the company's outlook.
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Union Bank of India Receives USD 18.37 Million from IIBMB Liquidation
December 19, 2025, 03:39 PM
Union Bank of India has received an interim distribution of capital repatriation amounting to USD 18,369,485.95 from the liquidator. This distribution is a result of the Member’s Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB).
IIBMB is a joint venture involving three banks: Bank of Baroda, Union Bank of India, and Indian Overseas Bank. Union Bank of India holds a 25% stake in this joint venture.
This information is disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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