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RBI says banks under PCA report slower NPA growth in FY18

A report by RBI shows that the 11 state-run banks currently under Prompt Corrective Action (PCA) framework have reported lower growth in gross NPAs in FY 18 as compared to non-PCA banks. The 11 PCA banks are Allahabad Bank, United Bank, Corporation Bank, IDBI Bank, Uco Bank, Bank of India, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, Dena Bank and Bank of Maharashtra. The report also noted that PCA banks reported higher debt recoveries, contained the growth in advances and deposits and focused on better rated assets thereby reducing riskiness.

Read More at Livemint News date : 29 Dec 2018, Saturday

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