The Satara, Maharashtra -headquartered United Western Bank (UWB) has embarked on an aggressive balance sheet clean-up exercise so as to reduce its sticky assets portfolio by Rs 100 crore in the current financial year.
Towards this end it has already slapped notices on 225 bad accounts under the Sarfaesi Act for recovering Rs 50 crore.
The bank is also planning to tap the debt mart with a Rs 35 to 50 crore subordinated debt (Tier-II) issue in September to enhance its capital adequacy.
