:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

UNITED BANK OF INDIA IN TALKS WITH ARCs TO SELL RS.100 CR. WORTH BAD LOANS

According to Mr. T.M. Bhasin, Executive Director, United Bank of India is negotiating with a clutch of asset reconstruction companies to sell a part of its bad loans with a view to clean up its loan book. 


The bank plans to sell off Rs 100-crore of its bad loans by end-March and has already sold Rs 200-crore worth bad assets so far in this fiscal. The decision to sell off its bad loans is part of restructuring its advance portfolio and also reduce the non performing assets burden. 

Presently, UBI has a gross NPA level of 2.4 per cent, while its net NPAs stands at 1.21 per cent. This is slightly higher as compared to many of its peer players. 

United Bank currently has a loan book of Rs 43,000 crore, while its total deposit-base stands at around Rs 67,000 crore.


Posted by C.B.O.A., A.P.

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