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United Bank of India requests RBI to lift cap on lending

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UBIUnited Bank of India has approached the Reserve Bank of India (RBI) with a plea for phased removal of cap on lending.

The public sector bank, headed by new Chief Executive Officer P Srinivas, bank has also sought permission to resume recruitment of staff and officers at branches and key units.

According to Srinivas, the bank’s asset quality has stabilised.

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