The government will revamp the senior management of the crisis-ridden United Bank of India (UBI) by appointing experts who are willing to take up the challenge and try effecting a turnaround to its board, reports Arun S in New Delhi. This follows the RBI’s audit report which found “serious governance failures” at UBI and noted that the management and board “did not perform and deliver results as expected”. A forensic audit report by Deloitte India had found fault with the bank’s early warning system to detect risks as well as inefficiency of its staff which resulted in a rise in NPAs — there was a surprisingly sharp jump in NPAs, across segments, including retail, in the July-September period. The Deloitte report, it is learnt, had found the bank deliberately under-reported its NPAs in the past. The RBI is understood to have suggested the board of the bank be superseded.