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Prompt Corrective Action Pca
Business  /  Published 16.04.22

IDBI Bank bonanza for CEO

Private lender IDBI Bank has proposed a nearly 10-fold hike in the salary of its managing director and CEO Rakesh Sharma, who had been instrumental in bringing the bank out of the RBI’s restrict...
By PTI in New Delhi

Business  /  Published 20.12.21

NBFCs fear forced asset sale

The Reserve Bank’s prompt corrective action framework unveiled for non-banking finance companies could see the weaker shadow lenders resort to higher provisions or sales to asset reconstruction ...
By Our Special Correspondent in Mumbai

Business  /  Published 15.12.21

Tough regulatory hoops for shadow banks

The Reserve Bank of India has extended its tough, prompt corrective action (PCA) framework to non-banking finance companies that fail to meet prudential performance thresholds. The PCA framework, whi...
By Our Special Correspondent in Mumbai

Business  /  Published 09.09.21

RBI removes curbs on Uco operations

The Reserve Bank of India has decided to take Uco Bank out of the prompt corrective action (PCA) framework. The move announced by the regulator on Wednesday comes on the back of an improved performanc...
By A Staff Reporter in Calcutta

Business  /  Published 13.03.21

Centre raps Sebi’s knuckles

The Centre has ordered Sebi to withdraw parts of a controversial circular that the market watchdog issued on Wednesday that sought to treat perpetual bonds issued by banks as instruments with a 100-ye...
By Our Bureau in Mumbai, New Delhi

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Business  /  Published 15.06.20

Clix interest in Lakshmi Vilas Bank

 Lakshmi Vilas Bank (LVB) on Monday said it has received a non-binding letter of intent from Clix Capital Services and Clix Finance India to pick up a stake in the stressed private sector lender....
By Our Special Correspondent in Mumbai

Business  /  Published 30.07.19

UBI back in black

An improvement in asset quality coupled with rising income and lower provisions has helped United Bank of India to post a net profit of Rs 105 crore for the first quarter of 2019-20 against a loss of ...
By A Staff Reporter in Calcutta

Business  /  Published 14.05.19

UBI, Uco look to avoid leash

The NCLT process in certain cases is taking longer for the bank to recover its stressed assets. It is relying on alternatives such as one time settlement schemes to expedite recovery efforts in NPA.Uc...
By A Staff Reporter in Calcutta

Business  /  Published 22.02.20

Close watch on 4 banks: RBI governor Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das has said four banks under the Prompt Corrective Action (PCA) framework are taking efforts and they are being monitored.At present, Indian Overseas Bank ,...
By Reuters in New Delhi

Business  /  Published 19.11.18

RBI board meet underway to discuss key issues

A crucial meet of the Reserve Banks central board is underway on Monday amid a rift between the central bank and the government over future course of policies.Reserve Bank of India Governor arrived at...
By PTI in Mumbai


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