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Corporation Bank, Allahabad Bank next in line for PCA exit

Corporation Bank and Allahabad Bank, who have received the maximum recap funds in Wednesday's infusion, are the most likely candidates to get out of the PCA (prompt corrective action) in the next..
Sify - Published

Govt announces Rs 48K-cr recap plan for PSBs

Financial services secretary Rajiv Kumar said that the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently..
IndiaTimes - Published

FinMin to take up demands to RBI on PCA, interim dividend, SME loan easing

The Finance Ministry will take up the issue of dividend and Prompt Corrective Action (PCA) and easing of SME loan norms by public sector banks banks with the RBI when Finance Minister Arun Jaitley will..
Sify - Published

FinMin asks six public sector banks to improve on PCA parameters

The Finance Ministry has asked the six remaining public sector banks, currently under Prompt Corrective Action (PCA), to improve on seven parameters to get the government's support for coming out of..
Sify - Published

Exclusive: Three state banks come off RBI watchlist

The Reserve Bank of India (RBI) on Thursday removed Bank of India and Bank of Maharashtra from its prompt corrective action plan (PCA) for state-owned banks with high levels of bad debt and inadequate..
Reuters India - Published

Three banks taken off RBI watchlist: government

A Reserve Bank of India panel has removed state-run Bank of India, Oriental Bank of Commerce and Bank of Maharashtra from its prompt corrective action plan (PCA) for heavily indebted lenders, the..
Reuters India - Published

Exclusive: Bank of India, Bank of Maharashtra to come off RBI watchlist - source

Bank of India and Bank of Maharashtra will be dropped from the Reserve Bank of India's prompt corrective action plan (PCA) for state-owned banks with high levels of bad debt and inadequate capital, a..
Reuters India - Published

Exclusive: At least two banks taken off of RBI's corrective action list - source

A Reserve Bank of India (RBI) panel has decided to remove both Bank of India and Bank of Maharashtra from its prompt corrective action plan (PCA) for state-owned banks that had high levels of bad debt..
Reuters India - Published

IL&FS, NCLT accounts roil BoI nos; net loss soars to Rs 4,738 crore

The city-based bank, under the prompt corrective action (PCA) framework of the Reserve Bank since 2017, had reported a net loss of Rs 2,341 crore in the year-ago period.
Zee News - Published

Indian economy in 2018 has seen its heroes and villains: What does 2019 hold for us?

Banking sector mess continued to dominate the Indian economy in 2018. At least eleven public sector banks continue to be under the prompt corrective action plan of the RBI
Firstpost - Published

Govt to infuse Rs 83,000 cr in public sector banks in next few months: Arun Jaitley

The recapitalisation will enhance the lending capacity of state-owned banks and help them come out of the RBI's Prompt Corrective Action (PCA) framework, Arun Jaitley said.
Firstpost - Published

A few PSBs to exit PCA framework after capital infusion: Jaitley

Finance Minister Arun Jaitley on Thursday said he expected a few public sector banks (PSB) to exit the Reserve Bank of India's prompt corrective action (PCA) framework regime after a fresh infusion of..
Sify - Published

Governor Das meets more PSB heads

Reserve Bank governor Shaktikanta Das Wednesday met more state-run bankers to discuss the issues related to relaxing the prompt corrective action (PCA) framework, liquidity and credit flows to MSMEs,..
DNA - Published

Banks ask new RBI governor Shaktikanta Das for relaxation in PCA norms

Seven public sector banks in their meeting with the newly-appointed governor of the Reserve Bank of India (RBI), Shaktikanta Das asked for relaxation in prompt corrective action (PCA) norms, a report..
DNA - Published

5 key challenges that Shaktikanta Das faces as RBI guv

A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt..
Rediff.com - Published

3-4 banks will get out of RBI's PCA, expects government

Last week, the RBI in its central board meeting decided the issue of banks under Prompt Corrective Action (PCA) will be examined by Board for Financial Supervision (BFS) of the central bank.
DNA - Published

RBI may infuse Rs 2 L cr to ease crunch

Reserve Bank of India (RBI) is likely to increase liquidity infusion in the market, according to debt market sources.  The quantum of  open market operations (OMOs) may be increased to Rs 50,000..
DNA - Published

More steps for MSMEs, weak banks likely at next meeting

Sources said the decision may come at the next meeting scheduled for December 14, and could be accompanied by a relaxation in the prompt corrective action (PCA) framework for so-called weak banks.
IndiaTimes - Published

RBI strikes softer note with govt at board meet

The Reserve Bank of India (RBI) board ended its marathon nine-hour meeting on Monday on a conciliatory note — implying that the government and the apex bank will work together on transfer of..
DNA - Published

RBI board meet: Hope Urjit Patel, his team have 'spine' and show PM Narendra Modi 'his place', says Rahul Gandhi

Financial markets, banks and corporate houses were eagerly waiting for Monday's crucial Reserve Bank of India board meeting. It is likely to set the tone on sensitive issues like easier loan sanctions..
DNA - Published

RBI board meet today: Amid tiff with government, central bank likely to debate liquidity crisis

The RBI board is also expected to discuss issues related to making relaxations to its Prompt Corrective Action (PCA) framework to clean up the balance sheet of banks burdened with NPAs.
Firstpost - Published

Crucial RBI board meet today, to iron out differences with government

Financial markets, banks and corporate houses are eagerly waiting for Monday's crucial Reserve Bank of India board meeting. It is likely to set the tone on sensitive issues like easier loan sanctions..
DNA - Published

Govt, RBI may agree on MSME credit flow

Reserve Bank of India (RBI) and the central government are expected to reach a consensus on easing credit availability to micro, small and medium enterprises (MSMEs). "The government is likely to..
DNA - Published

RBI board needs to play like Rahul Dravid, not Sidhu: Raghuram Rajan

Commenting on whether the PCA (Prompt Corrective Action) norms be relaxed or not, Rajan said, "Basel norms are flexible for some conditions but very stringent versus other Indian rules. RBI as a..
IndiaTimes - Published

Government interference felt in Reserve Bank Board

The wall between the banking regulator and the central government started crumbling fast on October 23 as for the first time the Reserve Bank of India (RBI) Board meeting ended inconclusively and..
DNA - Published

Government and RBI have to be guided by public interest: Finance Minister Arun Jaitley

The Finance Ministry on Wednesday said the autonomy of the central bank is essential, but added both the government and the Reserve Bank of India (RBI), in their functioning, have to be guided by the..
DNA - Published

Govt, Reserve Bank set for Boardroom battle

The government on Wednesday said that the autonomy of the central bank is essential and an accepted governance requirement as Reserve Bank of India (RBI) called for a Board meeting on November..
DNA - Published

RBI may give PCA breather to banks, says finance ministry official

The finance ministry expects some changes in the Reserve Bank of India (RBI)'s Prompt Corrective Action (PCA) framework imposed on weak banks in the next few weeks, a senior ministry official said on..
DNA - Published

Banks to auction Rs 33,000 cr loans on NCLT delays

Delays in resolutions at National Company Law Tribunals (NCLT) have forced 13 banks to auction off stressed corporate loans of Rs 33,949 crore to asset reconstruction companies or distressed funds with..
DNA - Published

PNB to seek Rs 5,431-crore capital infusion from govt

Punjab National Bank (PNB) Wednesday said it plans to seek Rs 5,431 crore capital support from the government a day after Finance Minister Arun Jaitley assured state-owned banks of all support from the..
DNA - Published

Fear of IBC forcing defaulters to pay up, says Finance Minister Arun Jaitley

Non-performing assets (NPAs) of the government-run banks are on a decline as the recoveries of the loans have picked up, finance minister Arun Jaitley said after chairing a review meeting of the public..
DNA - Published

Will the three-way bank merger work?

Will the merger of Bank of Baroda, Dena Bank and Vijaya Bank lead to a healthier big bank and help tackle those non-performing assets (NPAs) any better? Views are mixed on the outcome of this..
DNA - Published

Bank of Baroda to merge with Vijaya and Dena Bank, says Finance Minister Arun Jaitley

Customers of the three state-run banks are set to benefit from the proposed amalgamation of Dena Bank and Vijaya Bank, two relatively small banks, with Bank of Baroda (BOB). The merged entity will..
DNA - Published

United Bank's employee share sale flops on price drop

Public sector lender United Bank of India's share sale to employees has failed to receive sufficient support and managed to garner just 61% subscription even after two extensions. In a regulatory..
DNA - Published

Gujarat: NPA drops 2.1%, RBI's PCA works for PSBs

Strong arm tactics of national banking watchdog, the Reserve Bank of India (RBI), over Public Sector Banks (PSBs) with high bad loans seems to have been working, at least in Gujarat. After RBI put 11..
DNA - Published

Gujarat: Private banks' gain is PSBs' loss as banking operations stagnate

Private Banks are gradually making a foray into what is traditionally Public Sector Bank (PSB) territory. Private banks witnessed net gain in basic banking operations of advances and deposits in..
DNA - Published

RBI says bad loans to rise

Reserve Bank of India (RBI) in its annual report said that current economic scenario could increase the gross non-performing assets (NPA) of the banking system. "Going forward, the stress tests..
DNA - Published

Bank of India to monetise non-core assets by December, says Dinabandhu Mohapatra

*Dinabandhu Mohapatra*, managing director and CEO of Bank of India, said the lender is trying to figure out the best ways to get out from Reserve Bank of India's (RBI) prompt corrective action (PCA)..
DNA - Published

Parliamentary Panel questions PCA measures for banks

A Parliamentary Committee has expressed apprehension over the Prompt Corrective Action (PCA) framework — a measure to check banks' financial health — of the Reserve Bank of India saying that it may..
DNA - Published

Parliamentary Panel fears more banks may come under PCA purview

A Parliamentary Committee has expressed apprehension over the Prompt Corrective Action (PCA) framework, a measure to check banks' financial health, of the Reserve Bank of India (RBI) saying that it may..
DNA - Published

United Bank's share sale to employees gets cold response

Public sector lender United Bank of India is getting a cold response for its ongoing Employee Share Purchase Scheme despite extending the deadline twice, as employees are concerned over the declining..
DNA - Published

Gujarat: Job freeze hurts operations, customer service, says PNB union

Freeze on new recruitment is hurting banking operations and customer service, said union leaders of Punjab National Bank (PNB) on Monday. They estimated that manpower shortage to be of 25% which, if..
DNA - Published

We aren't happy with steep haircuts but resolutions need to happen, says Rajkiran Rai

Insolvency and Bankruptcy Code (IBC) has changed managements, consolidated assets in stronger groups, but sometimes, it came at a cost with steep discounts. Sale of Alok Industries was an example of..
DNA - Published

LIC to turn banker with debt-laden IDBI Bank buy

The Life Insurance Corporation (LIC) Board on Monday gave approval to the insurance behemoth to acquire up to 51% stake in IDBI Bank. IDBI Bank is likely to issue preferential shares to LIC so that..
DNA - Published

Letter of Undertaking suspension aftermath: Clash of two payment regimes

Suspension of Letter of Undertaking (LoU) and Buyers Credit by banks three months ago has now raised fresh demand for liquidity among importers as the payment cycles of the LoU regime and the new..
DNA - Published

RBI stress test rings alarm bells over weak PSU banks

The Reserve Bank of India (RBI) has sounded the alarm on 11 public sector banks (PSBs) placed under its prompt corrective action — the term used for lending restrictions on banks with a high level of..
IndiaTimes - Published

Eleven public sector banks hopeful of getting out of RBI's watchlist by 2020

Eleven public sector banks that are under the RBI's watchlist for mounting bad loans on Tuesday expressed confidence before a parliamentary committee that they would emerge out of the central bank's..
Firstpost - Published

Oriental Bank of Commerce hopes to post profit, come out of PCA framework this fiscal

Oriental Bank of Commerce (OBC) is one of the 11 banks which are under the prompt corrective action (PCA) framework
Firstpost - Published

Risk Review Report on Indian Banking Sector by Alea Consulting

*Alea Consulting* has come up with a risk review report on Indian Banking Sector. The Indian banking system emerged safe out of the credit crisis of 2008-09, however, the relief was short-lived as..
NewsVoir - Published

In a first, private banks in Gujarat lend more loans than PSBs

Private banks have overtaken nationalized banks in giving loans in Gujarat. Aggressive marketing by private banks, Prompt Corrective Action (PCA) on nationalized banks by RBI following rising bad..
DNA - Published

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