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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Current Affairs
- 1 High-Powered Committee on Ladakh
- 2 Corrupt Practices under Representation of People Act, 1951
- 3 Section 69(A) of Information Technology Act, 2000
- 4 Article 105 of Constitution: The Limits to Free Speech in Parliament
- 5 Special Category Status
- 6 Government sets up Panel on Digital Competition Law
- 7 Guillotine in Parliament
- 8 Rule 357 of Rules of Procedure and Conduct of Business in Lok Sabha
- 9 Delegated Legislation
- 10 Rule 267 of Rajya Sabha Rule Book