Back in the black, United Bank of India aims PCA framework exit by Q2FY20

United Bank of India, which reported a turnaround in the March quarter after seven successive quarters of losses, expects to come out of RBI's prompt corrective action (PCA) framework by Q2 of this financial year. 

On Monday, the bank posted a net profit of Rs 95.18 crore for Q4 of FY19, against a net loss of Rs 261 crore in the same period of the last financial year. In Q3 of FY19, the bank had posted a net loss of about Rs 1,139 crore.

“The worst period for the banking sector is over. We should be able to bring down