United Bank is not a candidate for merger, says MD & CEO A K Pradhan

'The government is sincerely looking that banks should come out of the PCA', said United Bank MD & CEO A K Pradhan

The Kolkata-based United Bank of India (United Bank), which has been struggling with losses and dud-loans hopes to come out of the prompt corrective action (PCA) framework by the end of Q2 of fiscal’20. And the infusion of capital has come as a great relief after a long wait. The bank has suggested the Centre reduce its stake through disinvestment; and is clear it is not a candidate for a merger given its unique geographical and demographical positioning. A K Pradhan, managing director and chief executive officer spoke to Namrata Acharya on the plot ahead. Edited Excerpts:

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