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In the midst of rising NPA, United Bank of India boss quits

Kolkata/New Delhi: Archana Bhargava, chairman and managing director of United Bank of India, resigned here, on Friday.  Bhargava, who joined the Kolkata-based bank 10 months ago, quit on medical grounds, finance ministry officials said.The bank
India TV Business Desk February 22, 2014 12:55 IST
India TV Business Desk
Kolkata/New Delhi: Archana Bhargava, chairman and managing director of United Bank of India, resigned here, on Friday.
 
Bhargava, who joined the Kolkata-based bank 10 months ago, quit on medical grounds, finance ministry officials said.

The bank is presently under the burden of rising non-performing assets with the Reserve Bank of India and the finance ministry concerned over the bank's performance.

Archana Bhargava, a high profile financial sector executive, resigned all of a sudden.

A few months back, pension regulator Yogesh Agarwal was asked to resign whereas last summer Atul Rai, IFCI chief executive resigned within hours after he had a meeting with officials of finance ministry.