#pca framework

UCO Bank को बड़ी राहत, बेहतर नतीजे के बाद PCA फ्रेमवर्क की बंदिशों से बाहर

नई दिल्ली. भारतीय रिजर्व बैंक यानी आरबीआई (RBI) ने बुधवार को सार्वजनिक क्षेत्र के यूको बैंक (UCO Bank) को बड़ी राहत दी. दरअसल, आरबीआई ने यूको बैंक को प्राम्प्ट करेक्टिव एक्शन फ्रेमवर्क यानी पीसीएएफ (Prompt Corrective Action Framework) की बंदिशों से बाहर कर दिया है. वित्तीय वर्ष 2021 की चौथी तिमाही में बेहतर नतीजों से संतुष्ट होकर केंद्रीय बैंक ने यूको बैंक को पीसीएएफ (PCAF) से बाहर कर दिया…

Efforts to cut bad loans to come out of PCA framework: Indian Overseas Bank

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Indian Overseas Bank (IOB) is taking various measures to reduce its bad loans so as to come out of the RBI’s prompt corrective action framework and its one-time settlement strategy has paid dividend in recoveries of bad loans, the state-run bank said in the annual report for 2019-20.

The Chennai-based lender had returned to black,…

UCO Bank ready to come out of RBI’s prompt corrective action framework: Official

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Kolkata: State-owned UCO Bank, which posted net profit for two successive quarters, is ready to come out of the RBI‘s prompt corrective action (PCA) framework, an official said on Saturday. In May 2017, the central bank had initiated PCA against the lender due to high non-performing assets and negative return on assets.

“We are ready to approach the RBI to come out of the framework, as…

Maha Bank to increase lending to corporates, lends Rs 1,500 cr in Apr-May

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After completing more than a one year out of the Prompt Corrective Action (PCA) regime, public sector lender Bank of Maharashtra (Maha Bank) will step up exposure to corporates through low risk loans.

It has already disbursed about Rs 1,500 crore in two months of the current fiscal (FY21), mostly companies with government backing.…