PCA

Thursday, Apr 18, 2024 | Last Update : 02:21 PM IST

Banks currently under PCA are United Bank of India, Indian Overseas Bank, Central Bank of India, IDBI Bank and UCO Bank. (Photo: AFP)

RBI initiates prompt corrective action against Lakshmi Vilas Bank

PCA is aimed at improving the performance of the bank and will not have any adverse impact on the day-to-day operations

28 Sep 2019 3:40 PM

Fund infusion into PSBs not sufficient to support lending growth: Fitch

Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019.

27 Feb 2019 1:03 PM

The initiative will enhance the financial performance of the commercial banks, and will assist them to cope with RBI’s prompt corrective action (PCA) plan. (Photo: Linkedin)

CARE Ratings to government: From where will you get the recap funds for PSBs?

The union government on Wednesday declared an infusion amount of Rs 48,239 crore for recapitalisation of PSBs.

21 Feb 2019 5:19 PM

Government has also asked the RBI to list out the banks whose operational performance has not been improved so far.

Large banks may absorb weak ones under RBI lens

Of 21 PSBs, 11 are under prompt corrective action framework of the Reserve Bank of India.

31 Aug 2018 8:53 AM

As on date, 11 PSBs have already been placed under PCA, resulting in deceleration in their loan book growth.

NBFCs to capture mart

Don’t see more banks coming under RBI corrective action: FinMin.

12 Jun 2018 7:01 AM

Banks under RBI watch to hasten recovery: Piyush Goyal

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

18 May 2018 12:45 AM

The ministry will examine what they have done in the last one year to get out of the PCA list that basically restricts their lending operations due to worsening asset quality.

PCA: Finance Ministry to review steps taken by banks

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

17 May 2018 9:13 AM

The PCA is a framework devised by the RBI that monitors key areas like capital, asset quality and profitability of banks.

RBI initiates PCA against BoM as NPA mounts

For the year ended March 2017, the net non-performing assets (NPAs) of the bank rose to 11.76 per cent.

17 Jun 2017 6:51 PM

RBI put in place revised guidelines for a correction action plan for weak banks after assessing and monitoring their financial health.

IDBI Bank on RBI's radar for bad loans

RBI may also impose restrictions on the bank on borrowings from interbank market.

10 May 2017 2:01 PM

In July 2015, the high court banned the use of Victoria carriages in Mumbai.

AWBI pushes for horse rehab plan

Demands plan to save horses that haul Victoria carriages despite High Court ban.

04 Dec 2016 6:55 AM

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