UBI launches special branch

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The Distressed Asset Management Branch of the United Bank of India was inaugurated by the Chief Regional Manager Sudhir Sinha at PP Compound on Wednesday. Satish Kumar Sharma has been appointed as the manager for this special branch. On this occasion Sinha said, “NPA is a problem for the bank as well as the economy of the country. Keeping this in mind branches like this are being set up nationwide where performance of NPA’s over 10 lakhs will be monitored.” Method manager Dharmendra Das said that this branch will speed up the performance pending in the courts of Jharkhand and Bihar.

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