UBI eyes 300% rise in lending

United Bank of India (UBI) has set a target to register a 300 per cent growth in export-import lending through the MoC that UBI signed with the Exim Bank of India.

"We are looking at achieving Rs 10,000 crore export-import credit in 2005-06 compared with previous year's corresponding figure of Rs 2,500 crore," said P K Gupta, chairman and managing director, UBI.

The current credit-deposit ratio of the bank is around 53 per cent as against 38 per cent in March 2004. The bank would be finalising its half-yearly results on October 22, 2005, Gupta said.