Union Bank of India to sell stake of NPCI for Rs 74 crore
14th Jun 2019

Union Bank of India has executed an agreement for sale of 10 lakh equity shares of Rs 100 per share of National Payments Corporation of India (NPCI) at Rs 740 per share resulting in cash consideration of Rs 74 crore, subject to requisite approvals and charter documents of the NPCI.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.