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Prompt corrective action News

12 Jul 2019

Banks in big loss or under PCA to be barred from buying NBFC assets

In the Budget 2019-20, the Centre has allowed a one-time, partial credit guarantee of six months to public sector banks (PSBs) on their first loss of up to 10 per cent for purchase of high-rated pooled NBFC assets of Rs 1 lakh crore.

27 Feb 2019

Dhanlaxmi Bank, Allahabad Bank, Corporation Bank jump up to 10% post RBI move

Dhanlaxmi Bank zoomed 10 percent, Allahabad Bank 7.53 percent and Corporation Bank rose 5.82 percent on BSE.

27 Feb 2019

RBI lifts Allahabad Bank, Corporation Bank, Dhanlaxmi Bank from PCA Framework

Private sector Dhanlaxmi Bank too has been taken out of the PCA Framework.

Reserve Bank Governor

19 Dec 2018

RBI Governor Shaktikanta Das meets more PSB heads

Das and the four deputy governors also deliberated on the prompt correction action (PCA) framework with these lenders, said another banker.

20 Nov 2018

Exit mechanism for banks under PCA crucial: Sanjeev Sanyal

Out of the 21 state-owned banks, 11 are under the PCA framework at present.

India capital requirements

07 Nov 2018

Indian norms on PCA, capital are conservative, rule-based: SBI Report

It did not call for any relook in the report which comes amid a heated debate between the Government and the RBI over such aspects.

22 Feb 2018

Nirav Modi case could trigger prompt corrective action on PNB: Kotak report

The state-run lender had detected fraudulent transactions worth Rs 11,400 crore at one of its branches in Mumbai.

22 Dec 2017

No question of closing down any PSB, says govt & RBI

The RBI said that under its supervisory framework, it uses various measures/tools to maintain sound financial health of banks.

05 Jun 2017

PCA doesn't constraint bank's normal operations: RBI

The RBI on Monday said its prompt corrective action (PCA), initiated in case of some public sector banks with high NPAs, is a supervision tool and does not constrain normal banking operations for the public.

20 Apr 2017

RBI's PCA norm for greater regulatory action on banks: Fitch

The RBI has tightened the thresholds -- for capital ratios, NPLs, profitability and leverage - at which banks enter the PCA framework.

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