NIFTY 50

Loan book shrinking due to capital constraints, says United Bank of India

Updated : September 03, 2018 03:08:29 IST

Pawan Kumar Bajaj, managing director of United Bank of India said that the bank's loan book was shrinking due to capital constraint.

"We need to get desired capital to grow the balance sheet," said Bajaj.

The bank is planning for a capital infusion of Rs 1,500 crore in FY19. Bajaj said that the bank had got approval from board to raise Rs 1,000-1,500 crore in FY19.

On NCLT case front, Bajaj said, “Our exposure is Rs 6,100.”
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you