Tuesday, 18 April 2017

Invocation of RBI's corrective plan would curb many activities of banks

The invocation of the new Prompt Corrective Action (PCA) framework announced by the Reserve Bank of India (RBI) recently would put a curb on many activities of government-owned banks, said investment banking firm Jefferies. In a report issued on Tuesday, Jefferies said the invocation of PCA threshold would require these banks to act on many fronts. "Some of the actions may require them to stop paying dividends and cease branch expansion. In addition, they may be required to raise capital and increase provisioning," Jefferies added.

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