Will look to raise capital from govt in Q4FY18: Union Bank of India

In an interview to CNBC-TV18, Rajkiran Rai G, MD & CEO of Union Bank of India spoke about the qualified institutional placement (QIP) of Rs 2,000 crore and latest happenings in the bank.

Rai said that post the current capital raising of Rs 2,000 crore, our capital adequacy ratio (CAR) has improved by 70 bps.

He further said that we will look to raise capital from government in Q4 of FY18.

Talking about National Company Law Tribunal (NCLT) cases, he said we have provided 55 percent for Reserve Bank of India's (RBI) first list of defaulters.