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Union Bank under scanner for ‘book shopping’ worth Rs 7.25 crore: Report

06 May 2025 Zinkpot 167

FINANCIALEXPRESS

SUMMARY

 

Union Bank of India has found itself in a difficult spot after its extravagant book shopping spree that cost it nearly Rs 7.25 crore, stated a report by Economic Times. The public sector lender has come under scanner for spending Rs 7.25 crore on nearly two lakh copies of a book before its release last year, intending to distribute them to “customers, local schools, colleges, libraries, and others”.

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