UBI looks for a partnership with a payments bank license holder | Mint
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Business News/ Industry / UBI looks for a partnership with a payments bank license holder
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UBI looks for a partnership with a payments bank license holder

The bank is in touch with some of the 11 recipients who received the license last wee

The bank will also try to sell non-performing assets (NPAs) worth `1,200 in the quarter ending September. Photo: Indranil Bhoumik/MintPremium
The bank will also try to sell non-performing assets (NPAs) worth `1,200 in the quarter ending September. Photo: Indranil Bhoumik/Mint

Mumbai: Union Bank of India (UBI) is looking for a partnership with a payments bank license holder and is in touch with some of the 11 recipients who received the license last week, chairman and managing director (CMD) Arun Tewari said.

He declined to give details.

The bank will also try to sell non-performing assets (NPAs) worth 1,200 in the quarter ending September, Tewari said, adding that 900 crore, which was put on the block in the June quarter, did not receive any takers because the price expectations did not match.

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Published: 24 Aug 2015, 10:23 PM IST
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