Other banks to be out of PCA framework soon, says FM

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..... Other banks to be out of PCA framework soon, says FM
Budget
Dated:- 1-2-2019

New Delhi, Feb 1 (PTI) A day after three PSU banks were removed from Prompt Corrective Action (PCA) framework .....

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..... of the RBI, Finance Minister Piyush Goyal Friday expressed hope that other remaining 8 lenders will be out of the list soon. Various steps taken by the government has helped the banks significantly .....

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..... and as a result three banks -- Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC) -- are out of the PCA framework, he said while presenting the Interim Budget for 2019- .....

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..... 20. The RBI Thursday lifted lending curbs on three out of 11 weak public sector banks (PSBs). Eight public sector banks -- Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank .....

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..... , Central Bank of India, Indian Overseas Bank and Dena Bank -- still remain under PCA framework, which imposes lending restrictions and prevents them from expanding, among other curbs. The way improv .....

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..... ement are taking place in the banking sector, he said, remaining banks would be out of the PCA framework.
News - Press release - PIB .....

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