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Prompt corrective action

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