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IOB out of RBI PCA Framework
October 2 , 2021
1154 days
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- The Reserve Bank of India has announced the removal of Prompt Corrective Action (PCA) restrictions on Indian Overseas Bank (IOB).
- This is done after its financial and credit profile improved.
- This decision provides lender more freedom to lend, especially to corporations and grow the network.
- IOB was placed under PCA in October 2015 because of high Net-Performing Assets and negative Return on Assets.
- It was stopped from increasing risk-weighted assets.
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