Banks Will Take Call On Additional Provisioning: Rajkiran Rai G, UBI
  • WebDesk BTVI
  • Jun 17 2019

Rajkiran Rai G, MD and CEO of Union Bank of India (UBI), says banks will take a call on additional provisioning and added that if they see a resolution and value in it, then they will keep the provisioning. He, however, added that if there is no resolution on cards then banks will go for IBC. He adds that banks cannot restructure an account unless there is conviction of project viability. Rai also says that UBI will continue to fund good NBFCs within their exposure limit.