State-run Union Bank of India on Wednesday announced plans to raise ?6,000 crore through a combination of equity and debt instruments to support its business growth.

The decision was approved during a board meeting held earlier in the day, the bank said in a regulatory filing.

As part of the plan, the board has cleared a proposal to raise up to ?3,000 crore in equity capital through various routes, including a public issue (further public offer), rights issue, private placements, or qualified institutional placements (QIP), or a combination thereof, from eligible investors.