Kolkata, March 21 (IANS): In a bid to create awareness among people about the rising levels of non-performing assets (NPA) in the Indian banks, senior officials and employees of the United Bank of India (UBI) will take out a silent march here on Sunday.
The state-owned bank, in a statement, said it is a "unique way" to create awareness about the impact of rising NPA levels and to sensitise the public to repay the loans on time and lessen the burden on the banks.
As per the Bombay Stock Exchange (BSE) data, the nationalised bank recently obtained approval for preferential allotment of up to 35.67 crore equity shares of Rs. 10 each, at a price of Rs 42.75 per share, to the central government which will enable the centre to have 82 percent stake in the bank.