TheNewsClues
Clues by Admin • 2 Jun 2018, Saturday
The government is pushing loss-making PSBs, undergoing RBI’s prompt corrective action (PCA), to sell their riskier assets to larger peers, such as SBI. The move is aimed to reduce the capital requirement in the wake of latest stringent ... Continue Reading
Read More at The Economic Times
Clues by Admin • 18 May 2018, Friday
Interim Finance Minister, Piyush Goyal, on Thursday promised all possible help to strengthen the 11 public sector banks placed under the ‘Prompt Corrective Action’ (PCA) framework by the RBI to check their deteriorating financial health. Under the PCA, banks ... Continue Reading
Read More at Tribune India
Clues by Admin • 15 May 2018, Tuesday
India’s central bank, Reserve Bank of India, curbed the lending powers of state run Allahabad Bank after its capital adequacy ratio (CAR) fell to 8.69% as on March 31, 2018, below the regulatory requirement of 9%. The bank was already facing some ... Continue Reading
Read More at The Hindu
Clues by Admin • 12 May 2018, Saturday
The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against Dena Bank in view of high non-performing assets (NPAs), restricting the bank from giving new loans and new hiring. Dena Bank reported a widening loss of Rs 1225.42 ... Continue Reading
Read More at Livemint
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