Search For "prompt corrective action"
Govt invoked Section 7 of RBI Act after Allahabad HC orders: Source
Updated : 7 years, 5 months ago IST
New Delhi [India], Nov 28 (ANI): The central government's decision to invoke Section 7 of the Reserve Bank of India (RBI) Act was taken in compliance with directions from the Allahabad High Court, a source confirmed.
Read More
RBI's new body to look into PCA issues
Updated : 7 years, 6 months ago IST
Mumbai (Maharashtra) [India], Nov 19 (ANI): The Reserve Bank of India's (RBI) Central Board on Monday decided to constitute a Board for Financial Supervision (BFS) of the Central bank to examine the framework for banks under Prompt Corrective Action (PCA).
Read More
Parliamentary panel meets heads of 11 PSU banks
Updated : 7 years, 11 months ago IST
New Delhi [India], June 26 (ANI): The Parliamentary Standing Committee on Tuesday met 11 Public Sector Undertaking (PSU) bank heads to submit a report in Monsoon session of Parliament, as per sources.
Read More
Finance Minister Piyush Goyal takes stock of banking system
Updated : 8 years ago IST
New Delhi [India], May 17 (ANI): Union Finance Minister Piyush Goyal on Thursday attended a meeting convened by the Department of Financial Services with various banks, under the Prompt Corrective Action (PCA) and took stock of the banking system.
Read More
RBI issues corrective framework for PSBs
Updated : 8 years, 2 months ago IST
New Delhi [India], 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 financial health of banks.
Read More
No question of closing down any bank, says DFS Secretary
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 22 (ANI): There is no question of closing down any bank, rather the government is looking to strengthen the Public Sector Banks (PSB), Rajeev Kumar, Secretary Department of Financial Services (DFS), Ministry of Finance said on Friday.
Read More
PCA framework not intended to constrain normal banking operations, says RB
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 22 (ANI): The Reserve Bank of India (RBI) on Friday clarified that the Prompt Corrective Action (PCA) framework is not intended to constrain normal operations of the banks for the general public.
Read More
IDBI Bank on RBI's radar for bad loans
Updated : 8 years, 9 months ago IST
New Delhi [India], May 10 (ANI): The Reserve Bank of India (RBI) on Wednesday invoked prompt corrective action (PCA) on government-owned IDBI Bank due to its bad loans and return on assets (ROA).
Read More
RBI's tightening of prompt corrective action framework positive for b
Updated : 8 years, 9 months ago IST
New Delhi [India], Apr 19 (ANI): According to credit rating agency ICRA, the Reserve Bank of India's (RBI)'s revision in the prompt corrective action (PCA) framework for the banks is a positive and a welcome step, given the operating and financial profile of some of the banks.
Read More