Business Union Bank of India says offers for stressed power firms are not meeting criteria Updated : July 31, 2018 06:22 AM IST Union Bank of India said that several other stressed power assets will be put for sale to prospective suitors before the August 27 deadline of RBI. Rajkiran Rai said he is hopeful of better recoveries from insolvency cases and may seek extension from the regulator on some power projects. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.