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Prompt Corrective Action framework of RBI

  • Category
    Economy
  • Published
    28th Dec, 2018

Four public sector banks — Bank of Maharashtra, Corporation Bank, Allahabad Bank and Bank of India — that are under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI), may come out of the restrictions following improved performance.

Context

Four public sector banks — Bank of Maharashtra, Corporation Bank, Allahabad Bank and Bank of India — that are under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI), may come out of the restrictions following improved performance.

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