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Prompt Corrective Action Pca
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 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 03.09.19

IDBI gets Rs 9,300 crore prop

The Union cabinet has approved a Rs 9,300-crore cash infusion into the loss-laden IDBI Bank, which was taken over by LIC in January.As the majority shareholder with a 51 per cent stake, LIC will contr...
By Our Special Correspondent in New Delhi

Business  /  Published 28.12.18

RBI friction points with govt stay

The Reserve Bank of India (RBI) on Friday iterated its concerns over calls to ease the current risk weights, or minimum capital requirements, of banks. These are higher than the global Basel III norms...
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 07.07.19

Recap to help weak banks

Hopes have brightened for banks that continue to remain under the RBI’s prompt corrective action (PCA) framework. Union finance minister Nirmala Sitharaman’s Rs 70,000-crore bank recapitalisation ...
By Our Special Correspondent in Mumbai

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 26.02.19

Three more out of PCA net

The Calcutta-based Allahabad Bank and two other lenders have come out of the Reserve Bank’s prompt corrective action (PCA) framework.Other than Allahabad Bank, the Reserve Bank of India (RBI) on Tue...
By Our Special Correspondent in Mumbai

Business  /  Published 31.01.19

RBI weak bank tag off PSU trio

The Reserve Bank of India (RBI) on Thursday took three state-owned lenders out of the prompt corrective action (PCA) framework, lifting lending restrictions on the bank trio and providing some relief ...
By Our Special Correspondent in Mumbai

Business  /  Published 03.01.19

RBI nudged to relax NPA rules for big loans

Banks have requested the Reserve Bank of India (RBI) to relax its February 2018 circular relating to the resolution of stressed assets.The lenders had submitted a wish list to governor Shaktikanta Das...
By Our Special Correspondent in Mumbai


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