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Tag: PCA (prompt corrective action)

Parliamentary panel report seeks relaxation of capital requirements for Indian banks

A Parliamentary Committee on finance has requested the Reserve Bank of India (RBI) to relax its norms on capital requirements for public-sector banks in the country. The committee has...

Allahabad Bank to receive capital infusion of Rs.30.5 billion from the...

With the public sector bank being earlier put under prompt corrective action (PCA) by the Government of India for their net losses caused by...

Undeclared NPAs in FY2018 amount to Rs.3 lakh crore, says TU...

Undeclared non-performing assets (NPAs) in the books of various lenders in the country may amount to Rs.3 lakh crore as of March 2018. These...

PNB receives Rs.2,816 crore capital infusion from the government

India’s second largest public sector bank Punjab National Bank (PNB) received Rs.2,816 crore under the capital infusion program proposed by the government. PNB announced...

Allahabad Bank plans to shut down branch in Hong Kong

For public sector banks that have reported net losses and showing no signs of improving the ratio of their non-performing assets, the Government of...

Despite NPAs, banks not in their worst state says S&P Chief...

While it almost seems that banks need to sound the alarm bells for the news surrounding them of late, the latest statement by the...

Allahabad Bank to raise Rs.1,900 crore through issuance of equity shares

Allahabad Bank, one of the state-owned banks in the country, aims to raise about Rs.1,900 crore through various means. While the total requirement is...

Punjab National Bank not to be put under PCA by the...

Despite Punjab National Bank posting the highest loss by a domestic bank in the country at the end of Q4 (January to March, 2018),...

Bank of Baroda Q4 losses cross Rs.31 billion

With a number of banks across the country in the soup with the surge of bad loans in their books, Bank of Baroda has...

Bank of India reports Q4 losses of almost Rs.4,000 crore

With the banking sector of India going through its worst phase one can remember, following the loan fraud scandal that has rocked the country...