Home » prompt corrective action

You Searched For "Prompt Corrective Action"

FICOs survey found that 40 percent of respondents said digital-only banks and fintechs were the greatest competition to their business. (Photo: Pixabay)

Don't fall for 1 or 2 per cent more FD rate at small banks

The regulator clearly has too much on his plate and is not equipped to detect wrong doing in a timely fashion.

6 Oct 2019 8:49 PM GMT

Allahabad, Corp Bank, Dhanlaxmi out of PCA

BoI, BoM & OBC were taken out of framework.

26 Feb 2019 9:38 PM GMT

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

CARE Ratings to government: From where will you get the recap funds...

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

21 Feb 2019 11:49 AM GMT

3 banks taken off PCA framework

Of the 21 state-owned banks, 11 were under the PCA framework, which imposes lending and other restrictions on weak...

31 Jan 2019 7:39 PM GMT

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

NBFC retail to cross Rs 10 lakh crore

ICRA anticipates that the availability of funds and their cost will continue to be a worry in the first half of FY20 as...

9 April 2019 7:10 PM GMT

Union finance minister Piyush Goyal (centre) is seen along with SBI chairman Rajnish Kumar (left) and PNB chairman Sunil Mehta ahead of a press conference organised by SBI in Mumbai on Friday. (Photo: Debasish Dey)

PSBs may set up assets management firm: FM

Panel, headed by PNB chairman, to report in 2 weeks

9 Jun 2018 12:05 AM GMT

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

State-run banks hopeful of getting out of RBI's watchlist by 2020

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

27 Jun 2018 7:42 AM GMT

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Banks to come out of PCA framework by this fiscal: Rajiv Kumar

Various measures taken by the government including implementation of Insolvency and Bankruptcy Code has yielded good...

16 Aug 2018 11:10 AM GMT