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PNB, Syndicate & Union Bank May Come Under PCA

PNB, Syndicate Bank & Union Bank of India may come under RBI's prompt corrective action (PCA). ET has reported that  Reserve Bank of India imposes restrictions on these lenders in the next one month probably by this quarter (30th June). PCA involves...

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Allahabd Bank Under Restriction to Collect Deposits and Lending

Reserve Bank of India has put additional restriction on State Run Public Sector Bank Allahabad Bank in lending to risky assets and accepting high cost deposits. Allahabad Bank is already under RBIs prompt corrective action (PCA) due to higher NPA....

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Probable List of Public Sector Banks For Merger

If believe on the recent reports by leading fiancial newspapers, there are few Public Sector Banks, which could be merged by end of this financial year or earlier. Finance Ministry has called all banks under PCA for review meeting and...

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Now it’s Time For Dena Bank Under Prompt Corrective Action (PCA)

Dena Bank is Bank number elevan under prompt corrective action (PCA). Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Bank of India, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce and Bank of Maharashtra...

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Five Probable PSBs For RBI’s Prompt Corrective Action Plan (PCA)

ICRA report on probable PSB's under PCA - Recall of Rs 157-bn AT-1 bonds may lead five Public Sector Banks under Reserve Bank of India's (RBI's)  Prompt Corrective Action Plan (PCA). These five public sector banks are Canara Bank, Punjab National...

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Allahabad Bank Under Prompt Corrective Action (PCA)

Another Public Sector Bank (PSB), Allahabad bank is put under Prompt Corrective Action (PCA) by Reserve Bank of India (RBI) as the banks shows the net NPAs (non performing assets) and negative ROA (return on assets) for two consecutive years fiscal 2016-17. For the...

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What is Prompt Corrective Action (PCA) ?

Recently Reserve bank of India has brought many of Public Sector Banks under prompt correction action (PCA) like Bank of India, Corporation bank, United Bank of India, UCO bank, Indian overseas bank, IDBI banks, Central Bank of India and lot more....

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