04 January 2018

RBI Initiates PCA Against Allahabad Bank

RBI Initiates PCA Against Allahabad Bank


The Reserve Bank of India has initiated 'prompt corrective action' (PCA) against Allahabad Bank over its high bad loans.

High net non-performing assets (NPA) and a negative return on assets (ROA) for two years in a row have prompted the action. The action would help improve its risk management, asset quality and profits.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • There are total 11 banks on which RBI has initiated PCA till date.
  • Allahabad Bank MD & CEO- Usha Ananthasubramanian, Headquarters- Kolkata. 

Source- The Hindu Business Line

Post a Comment

Whatsapp Button works on Mobile Device only

Start typing and press Enter to search