Wednesday, March 10, 2021

RBI removes PCA restrictions on IDBI Bank

IDBI Bank was placed under the so-called PCA framework in 2017 over its high bad loans and negative return on assets, at a time when Indian lenders battled record levels of soured assets, prompting the RBI to tighten thresholds.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-lifts-idbi-bank-out-of-corrective-action-list-after-four-years/articleshow/81432466.cms

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