Thursday, October 29, 2020

RBI board mulls future course for weaker banks

Five banks – Central Bank of India, IDBI Bank, Indian Overseas Bank, Uco Bank and Lakshmi Vilas Bank – are now under the RBI prompt corrective action (PCA) framework that brings in multiple restrictions aimed at conserving capital of banks and better their loss-absorption capacity.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-board-mulls-future-course-for-weaker-banks/articleshow/78939552.cms

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