Lending restrictions on 11 PSBs to be examined

By IndianMandarins- 05 Dec 2018


The RBI's Board for Financial Supervision (BFS) may meet on Thursday to analyse latest financials of the 11 banks under the PCA framework to decide whether the lending restrictions on them could be lifted, according to the committee’s agenda finalised a few days ago.


The BFS members would give their recommendations to the RBI board which would take a final call on the contentious subject.


The banks on the PCA list are Dena Bank, Central Bank of India, Bank of Maharashtra, UCO Bank, IDBI Bank, Oriental Bank of Commerce, Indian Overseas Bank, Corporation Bank of India, Allahabad Bank, and United Bank of India.


At the meeting this week, the BFS, whose primary objective is to “undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies”, is also expected to discuss ways to protect banks from cyber attacks.

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