"Prompt Corrective Action" News 

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..

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..

Videos for "Prompt Corrective Action"

RBI issues corrective framework for Public Sector Banks [Video]RBI issues corrective framework for Public Sector Banks

New Delhi, Mar 17 (ANI): Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to maintain the sound..

Business edition -   01:13


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..

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..

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..

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..

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)..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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

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..

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..

Bringing oil under GST won't solve problem of prices going up and down: Sanjeev Sanyal

The government is trying to get back on track the country's banking sector which is under tremendous stress due to a staggering level of bad loans. *Sanjeev Sanyal*, Principal Economic Advisor to the..

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