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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.”
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