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United Bank of India bets on resolution of 30 accounts referred to NCLT

Updated : June 16, 2018 09:10 PM IST

The bank said, despite constant follow up with the recalcitrant borrowers, monitoring of stressed assets and tough measures in hard account, the bank was not able to contain further growth in non-performing asset level which reached a level of Rs 16,552 crore, 24.1 percent of gross advances.
In the last financial year, its retail portfolio grew by 17 percent in which the housing loan portfolio increased by 21.62 percent and car loan portfolio increased by 29.28 percent.
United Bank of India bets on resolution of 30 accounts referred to NCLT
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