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Entity-Specific Rating Rationales

06 Oct 2025

Union Bank of India: Ratings reaffirmed and withdrawn for matured instrument

Union Bank of India: Ratings reaffirmed and withdrawn for matured instrument

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14 Nov 2024

Union Bank of India: Ratings reaffirmed

Union Bank of India: Ratings reaffirmed

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23 Nov 2023

Union Bank of India: Long-term rating upgraded to ICRA]AAA (Stable); outlook revised to Stable

Union Bank of India: Long-term rating upgraded to ICRA]AAA (Stable); outlook revised to Stable

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10 Aug 2023

Union Bank of India: Ratings reaffirmed; outlook revised to Positive from Stable

Union Bank of India: Ratings reaffirmed; outlook revised to Positive from Stable

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Entity-Specific Credit Perspective Reports

03 Nov 2025

Union Bank of India

Union Bank of India (Non-SF)

11 Dec 2024

Union Bank of India

Union Bank of India (Non-SF)

21 Sep 2023

Union Bank of India

Union Bank of India (Non-SF)

30 Nov 2022

Union Bank of India

Union Bank of India (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Basel III Tier II Bonds -- -- [ICRA]AAA(Stable) --
Certificates of Deposit [ICRA]A1+ -- -- --
Lower Tier II Bonds – Basel II -- -- * --
Basel II Compliant Innovative Perpetual Debt -- -- * --

Our Analysts

Analyst 1

Sohil Mehta

Analyst 2

Sachin Sachdeva

Sector Head

Karthik Srinivasan
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