Prompt Corrective Action Current Affairs, GK & News
RBI rejects Lakshmi Vilas Bank-Indiabulls Housing Finance merger plan
The Reserve Bank of India (RBI) rejected the merger proposal between Lakshmi Vilas Bank and mortgage lender Indiabulls Housing Finance Limited. If the RBI would have approved the move, this would have been the first-ever incident where a non-bank lender would have merged with a bank in the country. Poor Performance of banks: Both Lakshmi ..
Topics: Indian Economy • Mergers and acquisitions • Prompt Corrective Action • RBI
NITI Aayog hosts Conference on Future of Indian Banking and role of technology Tomorrow
The think tank Niti Ayog had hosted the conference on Future of Indian Banking and role of technology Tomorrow in association with the Foundation for Economic Growth and Welfare (EGROW Foundation). The conference was inaugurated by Dr Rajiv Kumar, Vice Chairman, NITI Aayog. The speakers in the event included Rajiv Kumar, Secretary, Department of Financial Services, ..
Month: Current Affairs - February, 2019
Topics: Basel Norms • EGROW Foundation • Foundation for Economic growth and Welfare • Insolvency and Bankruptcy Code • NITI Aayog • Prompt Corrective Action • Public Sector Banks • World Bank
Prompt Corrective Action framework restrictions lifted for Three Banks
The Reserve Bank of India (RBI) has lifted the Prompt Corrective Action (PCA) framework operational curbs on Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC). These public sector banks are out of the prompt corrective action (PCA) framework. This will aid in making marked improvements in the capital positions ..
Month: Current Affairs - February, 2019
Topics: BANK OF INDIA • Bank of Maharashtra • Capital to risk-weighted assets ratio • Non Performing Assets • NPA • ORIENTAL BANK OF COMMERCE • PCA • Prompt Corrective Action • RBI • Reserve Bank of India
Relaxation of Norms under PCA Framework
It is said that the finance ministry and the Reserve Bank of India are working on providing some relaxation on the prompt corrective action (PCA) framework for stressed banks. Prompt Corrective Action (PCA) Framework Prompt Corrective Action (PCA) framework has been issued by the RBI to maintain the sound financial health of banks. The RBI will initiate ..
Month: Current Affairs - January, 2019
Topics: Allahabad Bank • BANK OF INDIA • Bank of Maharashtra • Central Bank of India • Corporation Bank • Dena Bank • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Parliamentary Committee on Finance • Prompt Corrective Action • RBI • relaxation of PCA framework • UCO Bank • United Bank of India
Public sector banks to come out of PCA framework by end of 2018: Government
Union Government is expecting that public sector banks (PSBs) placed under RBI’s Prompt Corrective Action (PCA) framework will come out of it by the end of this year. As many as 11 out of 21 state-owned banks are currently under PCA framework. Reasons Operational performance of PSBs has improved in April-June 2018 quarter, with steep ..
Month: Current Affairs - August, 2018
Topics: Banking • Business • Economy • National • PCA framework • Prompt Corrective Action • PSBs • Public Sector Banks