RBI removes Central Bank of India from PCA Framework

Recently, the Reserve Bank of India (RBI) removed the Central Bank of India from its Prompt Corrective Action Framework (PCAF).

  • The RBI had imposed the PCA norms on the Central Bank of India in June 2017 due to its high net NPA and negative return of assets (RoA).

Reason of Removal

  • The Bank showed improvement in various financial ratios, including minimum regulatory capital and net non-performing assets (NNPAs).
  • The bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.

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