Finance and MarketsRBI initiates 'prompt corrective action' against Bank of MaharashtraThe Reserve Bank of India (RBI) has initiated "prompt corrective action" (PCA) on state-run lender Bank of Maharashtra in the view of its high non-performing assets (NPAs).
3 years agoFinance and MarketsCheck out PCA guidelines by Reserve Bank of IndiaReserve Bank of India (RBI) recently changed its measures and upgraded guidelines for prompt corrective action (PCA). According to new guidelines, if a bank reaches the ‘risk threshold 3’ category, it will be a likely candidate for recovery measures such as amalgamation, reconstruction and winding up.
3 years agoFinance and MarketsRBI initiates PCA against IDBI Bank over high NPAState-owned lender IDBI Bank on Tuesday evening said that Reserve Bank of India (RBI) has initiated a "prompt corrective action" (PCA) Ain view of its high non-performing assets (NPAs) and negative return on assets (RoAs).
3 years agoFinance and MarketsMerge public sector banks to tackle NPAs: Urjit PatelReserve Bank Governor Urjit Patel says that merging public sector banks and having fewer of them would be better for the sector and also help deal with problem of non-performing assets (NPA).
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Apr 09, 2020 | 08:23:46 (IST)
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