Union Bank of India has officially confirmed that its promoter, the President of India, held a 74.76% stake in the bank as of March 31, 2026. The institution further clarified that there have been no encumbrances—directly or indirectly—placed on these shares throughout the financial year ended March 31, 2026, ensuring full transparency regarding shareholding stability.
Promoter Shareholding Details
As of the end of the financial year on March 31, 2026, the President of India maintains a majority stake in Union Bank of India. The total equity held by the promoter stands at 5,70,66,60,850 shares, representing 74.76% of the bank’s total paid-up equity capital. This significant holding reinforces the government’s continued commitment and stable ownership position in the institution.
Confirmation of Share Integrity
In a formal communication dated April 2, 2026, the bank confirmed the status of these equity holdings. The bank explicitly stated that the promoter has not engaged in any form of share encumbrance, such as pledging or lien creation, at any point during the fiscal year. This declaration provides clarity to stakeholders regarding the unencumbered status of the government’s equity interest in the bank.
Source: BSE
