Tag: Pca

Kolkata: State-run lender United Bank of India on Wednesday said the Reserve Bank of India (RBI) has prescribed certain additional actions under the Prompt Corrective Action (PCA) Framework in view of its high net non-performing asset (NPA) and financial health. “…The Reserve Bank of India has prescribed certain additional actions under the Prompt Corrective Action […]

Seeking to keep a key anti-graft measure alive in Parliament even after the dissolution of the present Lok Sabha, the Ministry of Personnel today received post-facto approval of the Union Cabinet to introduce a bill in the Rajya Sabha to amend the Prevention of Corruption Act

Mumbai: Shares of Lakshmi Vilas Bank hit the 5 per cent lower circuit on Monday after the Reserve Bank of India (RBI) initiated Prompt Corrective Action (PCA) against it on account of its high non-performing assets (NPA) among other issues. It hit the lower circuit right at the start of the trading session and fell […]