Tag Archives: remaining

Finance Ministry expects remaining four banks to be out of PCA framework this fiscal

New Delhi: The finance ministry expects the remaining four public sector lenders to be out of the RBI’s prompt corrective action (PCA) framework with the recent round of capital infusion. Currently, Indian Overseas BankNSE -0.96 % (IOB), Central Bank of India, UCO Bank and United Bank of India are under this framework which puts several restrictions on them, including on lending, management compensation ... Read More »