UBI collapse: Wasn’t anyone watching?

Infusing around R800 crore of equity, as the government has suggested, could possibly help the beleaguered United Bank of India (UBI) increase its Tier-I capital ratio from the current 5.6%. And, as RBI has suggested to the finance ministry, superseding its board can help pave the way for a new management; merging it with an existing bank, as RBI has done with other troubled banks in the past, is another solution.

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