Search For "prompt corrective action"
RBI unveils new corrective action framework for Urban Co-operative Banks
Updated : 1 year, 10 months ago IST
For urban cooperative banks that are weak or are experiencing financial stress, the RBI had issued a supervisory action framework as an early intervention tool for bringing about desired improvements in those entities.
Read More
Bank of Maharashtra former CEO AS Rajeev assumes charge as Vigilance Commi
Updated : 2 years, 2 months ago IST
Mumbai (Maharashtra) [India], March 15: Bank of Maharashtra former CEO AS Rajeev took charge as a vigilance commissioner at the Central Vigilance Commission on 11-March-2024. Rajeev is a career banker with over 38 years of experience in four banks - Syndicate Bank, Indian Bank, Vijaya Bank a
Read More
RBI lifts prompt corrective action restrictions on Central Bank of India
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], September 21 (ANI): The Reserve Bank of India has removed the Central Bank of India from the Prompt Corrective Action (PCA) framework after it found the bank was not in breach of any parameters.
Read More
RBI introduces prompt corrective action framework for NBFCs
Updated : 4 years, 5 months ago IST
Mumbai (India), December 14 (ANI): The Reserve Bank of India (RBI) on Tuesday issued the Prompt Corrective Action (PCA) framework for Non-Banking Financial Companies (NBFCs).
Read More
RBI removes Indian Overseas Bank from PCA framework
Updated : 4 years, 7 months ago IST
New Delhi [India], September 29 (ANI): The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA) framework, subject to certain conditions and continuous monitoring.
Read More
LVB's CFO S Sundar takes over interim Managing Director & CEO
Updated : 6 years, 4 months ago IST
Chennai (Tamil Nadu) [India], Jan 1 (ANI): Lakshmi Vilas Bank's (LVB's) Chief Financial Officer S Sundar on Wednesday took over as interim Managing Director and Chief Executive Officer of the troubled private sector lender.
Read More
New RBI nominee on the board of Lakshmi Vilas Bank
Updated : 6 years, 6 months ago IST
Chennai (Tamil Nadu) [India], Nov 19 (ANI): Troubled private sector lender Lakshmi Vilas Bank (LVB) said on Tuesday that Sundaram Shankar, General Manager at the Reserve Bank of India (RBI) Hyderabad regional office, has been appointed as additional director on the board for a period of two
Read More
RBI rejects Indiabulls-Lakshmi Vilas Bank merger plan
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra), Oct 10 (ANI): The proposed merger of private sector lender Lakshmi Vilas Bank (LVB) with home financier Indiabulls Housing Finance has failed to get approval from the Reserve Bank of India (RBI).
Read More
No connection between RBI's action and FIR filed by Religare: Lakshmi Vila
Updated : 6 years, 7 months ago IST
New Delhi [India], Oct 1 (ANI): Lakshmi Vilas Bank (LVB) issued a public notice on Tuesday stating that the recent restriction imposed by Reserve Bank of India (RBI) as prompt corrective action (PCA) has no connection with the first information report registered by the Economic Offences Wing
Read More
RBI initiates prompt corrective action for Lakshmi Vilas Bank after direct
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Sep 28 (ANI): The Reserve Bank of India (RBI) has initiated prompt corrective action for the troubled Lakshmi Vilas Bank (LVB), a day after the private lender said that the Economic Offences Wing of Delhi Police is probing allegations of cheating and criminal
Read More
Cabinet clears Rs 9,300 crore capital infusion in IDBI Bank
Updated : 6 years, 8 months ago IST
New Delhi [India], Sept 3 (ANI): The Central government on Tuesday approved Rs 9,300 crore capital infusion into IDBI Bank to increase the lender's capital base.
Read More
RBI exempts BoI, BoM, OBC from PCAF
Updated : 7 years, 3 months ago IST
New Delhi [India], Feb 1 (ANI): The Reserve Bank of India has exempted Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from PCAF (Prompt Corrective Action Framework) following improvements in their capital position and asset quality in the December 2018 quarter, said an o
Read More