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RBI removes PCA restrictions on IDBI Bank
March 14 , 2021
1355 days
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- The Reserve Bank of India has removed IDBI Bank from its enhanced regulatory supervision or Prompt Corrective Action (PCA) framework.
- As per published results for the quarter ending December 31, 2020, the bank is not in breach of the PCA parameters on regulatory capital, net NPA and leverage ratio.
- IDBI was placed under the PCA framework in May 2017 due to weak financial metrics.
- Prompt Corrective Action (PCA) is a framework under which financially weak and mismanaged banks are put under watch by the RBI.
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