RBI Removes Allahabad Bank, Corporation Bank, Dhanlaxmi Bank From PCA

The Reserve Bank of India (RBI) has taken off Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective Action (PCA) framework allowing them to resume their normal lending activities.

The Board for Financial Supervision (BFS) met to review the performance of banks under PCA and noted that the government has infused fresh capital into various banks including some of the banks currently under the PCA framework.

Source- DD News

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