Prompt Corrective Action

Friday, Apr 26, 2024 | Last Update : 07:58 PM IST

Prompt Corrective Action

Our problem is that we are permitting too many different entities to engage in the business of lending and borrowing money. We have moneylenders in every town who do not seem to have caused any regulatory worries in their long history, in spite of having an unpleasant reputation. (Photo: Pixabay)

Don’t fall for 1 or 2 per cent more FD rate at small banks

The regulator clearly has too much on his plate and is not equipped to detect wrong doing in a timely fashion.

07 Oct 2019 2:19 AM

The retail credit growth of NBFCs has come down from 22 per cent in FY18 to 16 to 18 per cent by FY19.

NBFC retail to cross Rs 10 lakh crore

ICRA anticipates that the availability of funds and their cost will continue to be a worry in the first half of FY20 as well.

10 Apr 2019 12:40 AM

Allahabad, Corp Bank, Dhanlaxmi out of PCA

BoI, BoM & OBC were taken out of framework.

27 Feb 2019 3:08 AM

The initiative will enhance the financial performance of the commercial banks, and will assist them to cope with RBI’s prompt corrective action (PCA) plan. (Photo: Linkedin)

CARE Ratings to government: From where will you get the recap funds for PSBs?

The union government on Wednesday declared an infusion amount of Rs 48,239 crore for recapitalisation of PSBs.

21 Feb 2019 5:19 PM

3 banks taken off PCA framework

Of the 21 state-owned banks, 11 were under the PCA framework, which imposes lending and other restrictions on weak lenders.

01 Feb 2019 1:09 AM

Asserting that the worst is behind for state-owned lenders, Financial Services Secretary Rajiv Kumar on Thursday expressed hope that the banks would come out of the Prompt Corrective Action (PCA) framework this fiscal.

Banks to come out of PCA framework by this fiscal: Rajiv Kumar

Various measures taken by the government including implementation of Insolvency and Bankruptcy Code has yielded good results.

16 Aug 2018 4:40 PM

Concerns were also raised about the "stagnation in lending operations" of state-owned banks during the meeting of the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily.

State-run banks hopeful of getting out of RBI's watchlist by 2020

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

27 Jun 2018 1:12 PM

Union finance minister Piyush Goyal (centre) is seen along with SBI chairman Rajnish Kumar (left) and PNB chairman Sunil Mehta ahead of a press conference organised by SBI in Mumbai on Friday. (Photo: Debasish Dey)

PSBs may set up assets management firm: FM

Panel, headed by PNB chairman, to report in 2 weeks

09 Jun 2018 5:35 AM

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Sunil Gatade