Prompt Corrective Action Current Affairs, GK & News
The Reserve Bank of India (RBI) has removed IDBI Bank from the Prompt Corrective Action (PCA) framework which is the enhanced regulatory supervision of RBI on March 10, 2021. The bank was removed from the framework after four years as a result of its improved financial performance. Background Central bank had enlisted the IDBI Bank ..
Category: Economy & Banking Current Affairs
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 ..
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, ..
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 ..
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
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 ..
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