The Hindu Business Line

UBI expects to come out of PCA in Q2 : MD

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United Bank of India (UBI), which reported losses for the last seven quarters, is expecting to come out of the prompt corrective action framework of the Reserve Bank of India in the second quarter of the current financial year, a top official of the bank said.

“We should be coming out of PCA by the second quarter of 2019-20. Things are happening the way we have strategise­d,” said Ashok Pradhan, MD and CEO of UBI.

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