Both United Bank of India and Uco Bank plan to trim their net non-performing assets below the PCA threshold of 6 per cent in the current fiscal. On the capital front the bank is conforming to all the requirements,” said UBI MD and CEO Ashok Kumar Pradhan on Tuesday. “Our endeavour is that we would be able to bring the net NPA to 3-4 per cent by the end of the financial year. Net NPA of the UBI was 8.67 per cent for the March quarter. By the end of this fiscal we should bring down our net NPA levels and look to come out of the PCA framework,” said A.K.

Source: The Telegraph May 14, 2019 19:18 UTC