Recently United bank of India announced that bank will suspend its loan lending facility, but now bank is taking back its decision. In past few years Bank faced huge losses due to which bank decided to terminate the loan lending facilities. It has been reported that, the government will help the bank by infusing the capital.
Now the bank will again start up with the fresh housing, personal as well as demand loans. The bank is making possible measures to recover the bad loans before government provide with capital infusion. Senior bank official reported that bank has already established a department to keep a check on loan recovery of bad loans and further will be starting with more training programs to improve the bad loans.