Tue, Sep 20, 2022
Of the three state-owned lenders under the RBI's PCA framework, Indian Overseas Bank and UCO Bank were removed from the watchlist in September 2021.
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Tue, Nov 02, 2021
"The objective of the PCA Framework is to enable Supervisory intervention at an appropriate time and require the Supervised Entity to initiate and implement remedial measures in a timely manner, so as to restore its financial health," the central bank said
Wed, Sep 29, 2021
The Reserve Bank of India (RBI) has removed the Indian Overseas Bank from the Prompt Corrective Action Framework (PCAF) after reviewing the bank’s financial status.
Sat, Nov 24, 2018
The 11 state-run banks, which are under the Reserve Bank's prompt corrective action (PCA) framework, has seen a 400 basis points increase in their share of retail loans at 19 percent of the system in the four years ending September 2018, says a report.
Mon, May 21, 2018
Finance Minister Piyush Goyal last week met heads of 11 public sector banks (PSBs) which have been identified under the PCA to check their deteriorating financial health and promised all possible help to strengthen them.
Mon, Jan 15, 2018
State-owned Bank of India (BoI) has deferred the Rs 3,000-crore capital raising plan through private placement of equity shares after the government's move to infuse Rs 2,257 crore capital into it, a top official said.
Wed, Jan 10, 2018
As per Fitch, government officials have indicated that capital injections are to be targeted at supporting lending growth.
Fri, Dec 22, 2017
The prompt corrective action framework is intended to encourage banks to eschew certain riskier activities and focus on conserving capital so that their balance sheets can become stronger.
Wed, Jun 14, 2017
RBI puts another PSU bank under the PCA framework due its high net NPA and Return on Assets.
Tue, Jun 13, 2017
Apart from creating this NPA recovery vertical, the bank management has formed a 'Credit Monitoring Group' to find out potential NPAs based on early warning signals, said Deputy Managing Director of IDBI Bank, G M Yadwadkar.
Tue, Jun 06, 2017
The RBI today 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.
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