DHFL Resolution To Be Completed In One Month: Rajkiran Rai, Union Bank
  • WebDesk BTVI
  • Aug 06 2019

Union Bank of India reported a 73 per cent increase in its net profit at Rs 225 crore, while its net interest margin declined to 2.17 per cent. Speaking to BTVI, the bank's MD and CEO Rajkiran Rai G, said the lender is on track with projected numbers for FY20, and it expects double-digit growth in the next quarter. Rai said a 25 bps rate cut is needed to boost economy. Speaking on DHFL resolution plan, he said no haircut is expected, and expects the resolution to be completed in one month.