Prompt Corrective Action

More than Rs 1,00,000 cr is waiting to enter Narendra Modi govt’s wallet if it bites PSB privatisation bullet; timing is never better

Privatisation of government banks doesn’t mean the government will have to give away control over these institutions for the roll-out of social sector programmes

BoB, Dena and Vijaya Bank merger: India’s third-largest lender is here, but does this exercise make real sense?

This is a merger of two healthy banks with one weak, capital-starved, NPA-ridden candidate and it is easy to see who stands to gain the most

Arun Jaitley hopes more banks will exit RBI's PCA framework with govt funding support

Finance Minister Arun Jaitley on Thursday assured government funding support to public sector banks and hoped that the 6 lenders which remain under the RBI's prompt corrective action framework will soon come out of it

Corporation Bank, Allahabad Bank, Dhanlaxmi Bank shares jump up to 10% as RBI lifts lending curbs

Shares of Corporation Bank, Allahabad Bank and Dhanlaxmi Bank rose sharply by up to 10.10 percent Wednesday after the RBI lifted lending curbs on these lenders by removing them from its weak-bank watchlist

Allahabad, Corporation, Dhanlaxmi Bank out of RBI's prompt corrective action framework

The RBI on Tuesday lifted lending curbs on two more public sector banks (PSBs), Allahabad Bank and Corporation Bank, by removing them from its weak-bank watch list

Finance ministry expects three to four more lenders to come out of Reserve Bank's PCA framework this year

The recent capital infusion of Rs 48,239 crore in 12 PSBs will help Corporation Bank and Allahabad Bank to come out of the PCA framework in the next few weeks

Shares of state-run banks jump after government announces fund infusion as part of recapitalisation programme

Shares of India’s state-run banks jumped on Thursday, a day after the government said it will inject 482.39 billion rupees ($6.79 billion) into some lenders

Banks expect liquidity to remain tight in Q4 despite slight improvement in the situation: Survey

The liquidity scenario remained in deficit in the third quarter of 2018-19, the survey of 23 banks from public, private, foreign and small finance segments said.

LIC completes acquisition of 51 percent stake in IDBI Bank; insurer to have strategic investment in large bancassurance channel

IDBI Bank Monday said insurance behemoth LIC has completed the acquisition of 51 percent controlling stake in the bank

Some better performing banks likely to be out of PCA framework in next few months: Financial services secretary

Eleven out of the total 21 public sector banks are under the central bank's PCA framework