Date: November 12, 2026
Investment / Strategic Actions
Union Bank of India has invested an additional amount of ₹336.51 Crores in Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life), which is described as a joint venture company of the Bank.
The investment was made pursuant to the Board's approval dated September 11, 2026 and permission from the Reserve Bank of India received on October 15, 2026.
As a result of this additional investment, the Bank's shareholding in Star Union Dai-ichi Life Insurance Co. Ltd has increased from 25.10% to 26.24%.