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Central Bank of India 'blessed' with liquidity, now we are building the capability to deploy it better: CMD Kalyan KumarCentral Bank of India is set to expand its services with new initiatives including launching credit cards and a wealth management business....- IDFC First Bank case: Haryana govt gives go-ahead to CBI to probe 5 IAS officers' roleThe Haryana government has approved a CBI probe into five IAS officers concerning a Rs 590-crore IDFC First Bank fraud. This permission all...
- Pakistan escalates, targets Kiru, Kwar and other Chenab hydel projectsPakistan is raising concerns at the Permanent Court of Arbitration regarding India's hydel projects in Jammu and Kashmir. Pakistan alleges ...
- RBI spells out rules for a bank to exit prompt corrective action frameworkA bank is generally placed under the framework based on the audited annual financial results. However this does not bar RBI from imposing r...
- Fresh capital may not help banks exit PCA immediatelyThey may also tend to use most of the new capital to expand lending instead of making loan provisions unlike what several other weak banks ...
- Good case to remove performing banks from PCA, says Bimal Jalan“You are rewarding those who have done well,” Former Reserve Bank of India governor Bimal Jalan said.
- PCA framework helped reduce contagion losses: RBI reportRBI has placed 11 state-run banks, including Bank of India, Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank and UCO Bank,...
- RBI says banks under PCA report slower NPA growth in FY18The PCA banks have also increased recoveries, while containing the growth in advances and deposits, reducing riskiness of assets and focusi...
- RBI panel may assess financials of 11 PSU banksThe panel is scheduled to meet on Thursday to analyse latest financials of the 11 banks under the PCA.
- PCA banks shunning lumpy corporate loans, switch focus to retail pieSuch lenders are competing with the likes of ICICI Bank and HDFC Bank for home loans and car loans, wresting market share.
- All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: ReportThe Reserve Bank began to place state-run banks under PCA framework first time in September 2016, when their NPAs soared beyond the regulat...
- PCA bank stocks slump up to 7% after RBI board meetThe Reserve Bank of India's PCA framework restricts lending and expansion of lenders.
- Exit mechanism for banks under PCA crucial: Sanjeev SanyalThe Reserve Bank of India's PCA framework, which intends to nurse financially weak banks back to health, restricts lending and expansion of...
- 4 public sector banks may come out of PCA shacklesA total of 11 state-run lenders are under the prompt corrective action framework.
- RBI’s Prompt Corrective Action just baby steps before weak banks leapThe government demands dilution of restrictions on lending to below ‘Double A’ rated borrowers, which it thinks tapered credit flow and gro...
- RBI’s prompt corrective action just baby steps before weak banks leapIn total, 11 banks are under PCA with a cumulative 18.5% share in advances and 20.8% share in deposits.
- RBI rejects government's proposal to ease PCA norms for banksData accessed by ET shows that all PCA banks have shrunk their losses and reduced their NPAs in the last quarter ended June after a peak in...
- Banks under PCA are on the mend: Viral AcharyaThe RBI has put 12 banks, 11 state-run and one from the private sector, under PCA because of their poor financial health.
- PNB, Andhra Bank could be next on RBI's PCA framework: Credit SuisseAs many as 11 of the 21 PSU banks are currently under the PCA framework.
- After Dena Bank, RBI may put restrictions on 2 more lenders under PCAIn view of mounting non-performing assets (NPAs), the RBI yesterday directed Dena Bank not to issue any fresh loans and hire new personnel.
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