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All posts tagged "Prompt Corrective Action"

Business1 year ago

RBI puts Lakshmi Vilas Bank under Prompt Corrective Action

According to the bank, the Reserve Bank has advised it on the restrictions imposed and the actions to be taken.
Business2 years ago

FinMin asks six public sector banks to improve on PCA parameters

Earlier, a Finance ministry official had said all the six banks were expected to come out of PCA over the next two quarters or by June.
Business3 years ago

RBI places Bank of India under Prompt Corrective Action framework

Mumbai, Dec 20: The Reserve Bank of India (RBI) has initiated “prompt corrective action” (PCA) measures against state-run lender Bank of India in the view of its...