Union Bank of India has received USD 18,369,485.95 from the liquidator related to the Member’s Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB). IIBMB is a joint venture of Bank of Baroda, Union Bank of India, and Indian Overseas Bank. Union Bank of India’s share in IIBMB is 25%. The funds represent an interim distribution of capital repatriation.
Interim Distribution Received
Union Bank of India announced on December 19, 2025, that it has received USD 18,369,485.95. This amount stems from the liquidator overseeing the Member’s Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB). These funds represent an interim distribution of capital repatriation to Union Bank.
About India International Bank Malaysia
India International Bank Malaysia (IIBMB) is a joint venture involving three prominent banks: Bank of Baroda, Union Bank of India, and Indian Overseas Bank. Union Bank of India holds a 25% share in IIBMB. This distribution is part of the ongoing process of liquidation of IIBMB and repatriation of capital to its stakeholders.
Source: BSE