The RBI has lifted lending curbs on two more public
sector banks (PSBs), Allahabad Bank and Corporation Bank, by removing them from
its prompt corrective action list after the government infused capital in them.
Private sector Dhanlaxmi Bank too has been taken out of the PCA Framework. Earlier on January 31, Bank of India, Bank of
Maharashtra and Oriental Bank of Commerce were taken out of the PCA Framework. The PCA framework kicks in when banks breach
any of the three key regulatory trigger points -- namely capital to risk
weighted assets ratio, net non-performing assets (NPA) and return on assets
(RoA).
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Two PSBs out of RBI PCA list
By IndianMandarins - 2019-02-28 10:56:54
The RBI has lifted lending curbs on two more public
sector banks (PSBs), Allahabad Bank and Corporation Bank, by removing them from
its prompt corrective action list after the government infused capital in them.
Private sector Dhanlaxmi Bank too has been taken out of the PCA Framework.
Earlier on January 31, Bank of India, Bank of Maharashtra and Oriental Bank of Commerce were taken out of the PCA Framework.
The PCA framework kicks in when banks breach any of the three key regulatory trigger points -- namely capital to risk weighted assets ratio, net non-performing assets (NPA) and return on assets (RoA).
