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RBI Lifted up restrictions on 3 banks
February 4 , 2019
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- RBI eased out the operational curbs on three banks, Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC) and also allowed them to have an exit from the Prompt Corrective Action (PCA) framework fully.
- These 3 lenders were among the 11 public sector banks that were put under the so-called PCA framework that placed restrictions on extending big loans, distributing dividends, and expanding the branch networks.
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