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PNB, Syndicate Bank & Union Bank of India may come under RBI’s prompt corrective action (PCA). ET has reported that Reserve Bank of India imposes restrictions on these lenders in the next one month probably by this quarter (30th June). PCA involves imposition of various restrictions such as branch expansion, halting dividend payments, taking fresh loan proposals […]
Reserve Bank of India has put additional restriction on State Run Public Sector Bank Allahabad Bank in lending to risky assets and accepting high cost deposits. Allahabad Bank is already under RBIs prompt corrective action (PCA) due to higher NPA. Additionaly RBI has also restricted lender for expansion of risk weighted average and reduce exposure […]
If believe on the recent reports by leading fiancial newspapers, there are few Public Sector Banks, which could be merged by end of this financial year or earlier. Finance Ministry has called all banks under PCA for review meeting and setting up performance metrices under reform agenda program EASE (Enhanced Access and Service Excellence), which focuses […]
Dena Bank is Bank number elevan under prompt corrective action (PCA). Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Bank of India, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce and Bank of Maharashtra are aready placed under Reserva Bank of India’s Prompt Corrective Action. Read – What is Prompt Correction […]
ICRA report on probable PSB’s under PCA – Recall of Rs 157-bn AT-1 bonds may lead five Public Sector Banks under Reserve Bank of India’s (RBI’s) Prompt Corrective Action Plan (PCA). These five public sector banks are Canara Bank, Punjab National Bank, Union Bank of India, Andhra Bank and Punjab & Sind bank. Earlier, With losses during […]
Another Public Sector Bank (PSB), Allahabad bank is put under Prompt Corrective Action (PCA) by Reserve Bank of India (RBI) as the banks shows the net NPAs (non performing assets) and negative ROA (return on assets) for two consecutive years fiscal 2016-17. For the fiscal 2016-17, the bank had trimmed its net losses to Rs 313.51 crore against Rs […]
Recently Reserve bank of India has brought many of Public Sector Banks under prompt correction action (PCA) like Bank of India, Corporation bank, United Bank of India, UCO bank, Indian overseas bank, IDBI banks, Central Bank of India and lot more. What is prompt correction action (PCA) and why RBI is implementing it on various banks ? […]
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