Three Banks Taken out of the PCA framework

The Reserve Bank of India has taken three public sector banks — Bank of India, Bank of Maharashtra and Oriental Bank of Commerce — out of the Prompt Corrective Action (PCA) framework and lifted various restrictions on lending and expansion of businesses.

Key Points

  • According to the RBI, on a review of the performance of PSU banks currently under the PCA framework, it was noted that a few banks are not in breach of PCA parameters as per their published results for the December 2018 quarter, except Return on Assets (RoA). However, though the RoA continues to be negative, the ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

News Snippets