Union Bank of India adds ₹336.51 crore to Star Union Dai-ichi Life
In short
Union Bank of India put in another ₹336.51 crore into Star Union Dai-ichi Life. The bank’s board had approved the move in September, and the RBI permission came in October 2026.
What the reporting says
Union Bank of India invested an additional ₹336.51 crore in Star Union Dai-ichi Life after its board approved the move in September and the Reserve Bank of India gave permission in October 2026. The investment adds to the bank’s stake in the life insurer, following the reported regulatory and board approvals.
Why it matters
Union Bank of India made an additional investment of ₹336.51 crore in Star Union Dai-ichi Life. The move follows board approval in September and Reserve Bank of India permission in October 2026. The reported approvals and capital infusion indicate a further commitment to the life insurance venture and a regulatory step that enabled the transaction.