Banks in big loss or under PCA to be barred from buying NBFC assets
In the Budget 2019-20, the Centre has allowed a one-time, partial credit guarantee of six months to public sector banks (PSBs) on their first loss of up to 10 per cent for purchase of high-rated pooled NBFC assets of Rs 1 lakh crore.
Jul 12, 2019, 13:12 PM IST
Dhanlaxmi Bank, Allahabad Bank, Corporation Bank jump up to 10% post RBI move
Dhanlaxmi Bank zoomed 10 percent, Allahabad Bank 7.53 percent and Corporation Bank rose 5.82 percent on BSE.
Feb 27, 2019, 17:25 PM IST
RBI lifts lending curbs on Allahabad Bank, Corporation Bank, Dhanlaxmi Bank; removes them from weak-bank watch list
Private sector Dhanlaxmi Bank too has been taken out of the PCA Framework.
Feb 27, 2019, 10:17 AM IST
RBI Governor Shaktikanta Das meets more PSB heads
Das and the four deputy governors also deliberated on the prompt correction action (PCA) framework with these lenders, said another banker.
Dec 19, 2018, 18:28 PM IST
Exit mechanism for banks under PCA crucial: Sanjeev Sanyal
Out of the 21 state-owned banks, 11 are under the PCA framework at present.
Nov 20, 2018, 10:33 AM IST
Indian norms on PCA, capital are conservative, rule-based: SBI Report
It did not call for any relook in the report which comes amid a heated debate between the Government and the RBI over such aspects.
Nov 07, 2018, 17:39 PM IST
Nirav Modi fraud case could trigger prompt corrective action on PNB: Kotak report
The state-run lender had detected fraudulent transactions worth Rs 11,400 crore at one of its branches in Mumbai.
Feb 22, 2018, 23:45 PM IST
No question of closing down any PSB, says govt & RBI
The RBI said that under its supervisory framework, it uses various measures/tools to maintain sound financial health of banks.
Dec 22, 2017, 16:56 PM IST
PCA doesn't constraint bank's normal operations: RBI
The RBI on Monday said its prompt corrective action (PCA), initiated in case of some public sector banks with high NPAs, is a supervision tool and does not constrain normal banking operations for the public.
Jun 05, 2017, 21:57 PM IST
RBI's PCA norm for greater regulatory action on banks: Fitch
The RBI has tightened the thresholds -- for capital ratios, NPLs, profitability and leverage - at which banks enter the PCA framework.
Apr 20, 2017, 16:42 PM IST
