Union Bank of India receives $18.3m interim distribution from IIBMB liquidation

Union Bank of India has received $18,369,485.95 as an interim distribution from the liquidator of India International Bank Malaysia (IIBMB). This amount pertains to the capital repatriation following the Member's Voluntary Liquidation (MVL) of IIBMB, as disclosed in a filing dated December 19, 2025.

IIBMB operates as a joint venture among 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.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency regarding significant financial events affecting the bank.