Five public sector banks, including Canara and Union Bank of India, are in the process of being put under the Reserve Bank of India’s prompt corrective action (PCA) plan. According…
This optimism stems from recent Rs 2,257 crore capital support from Government under Indradhanush scheme.
PCA framework is one of RBI’s tool, which involves monitoring of certain performance indicators of the banks
Public sector Allahabad Bank today said the Reserve Bank has put the lender under prompt corrective action framework post an on-site inspection of high NPAs and negative return of assets…
The Reserve Bank has clarified that the PCA framework is not intended to constrain normal operations of the banks.
The RBI issues a PCA to spur lenders to deal with bad debts, as one of the measures intended to tackle the menace of bad debt
The bank had a net non-performing assets ratio of 10.24 percent as of end-September.
The Reserve Bank of India ( RBI) has imposed certain restriction on banking activities of government-owned Oriental Bank of Commerce which has suffered huge losses due to sharp rise in…