United Bank of India steps up turnaround efforts in face of new PCA curbs
Under increasing pressure from Reserve Bank of India to improve its financials, United Bank of India has stepped- up efforts towards turnaround by March 2018. Reserve Bank of India recently imposed additional restrictions on United Bank of India under the Prompt Corrective Action (PCA) framework. Now, as a part of the intensified turnaroud effort, the bank is looking to close 8 to 10 branches and about 20-25 ATMs. It is looking to sell Rs 1500 crore worth loan to ARCs this quarter. Also, according to P Bajaj... Читать дальше...
