RBI pulls 3 more banks out of PCA framework | Editorji
  1. home
  2. > business
  3. > RBI pulls 3 more banks out of PCA framework
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

RBI pulls 3 more banks out of PCA framework

Feb 27, 2019 17:58 IST

The Reserve Bank of India has removed three public sector banks from the prompt corrective action or the PCA framework. The RBI observed that a review of the performance of 3 banks, namely Dhanlaxmi Bank, Corporation Bank and Allahabad Bank was done and fresh funds have been infused, increasing their loan loss provision. Removing the banks from the PCA framework boosts their lending capability.

Business

MTAR IPO subscribed 200 times

Mar 06, 2021 11:34 IST

Wipro's $1.45 bn UK acquisition

Mar 06, 2021 18:30 IST