UCO Bank plans to disburse Rs 4000 crore in next 45 days
The bank has set a target of Rs 2,700 crore retail loan disbursement under the overall plan and is focusing on home loans, car loans and gold loans to achieve this. The balance Rs 1,300 crore will be lent to micro, small and medium enterprises (MSMEs).
Indian Overseas Bank aims to exit PCA soon: Karnam Sekar
We are strengthening our asset recovery management branches with relatively high val...
IDBI Bank likely to be out of PCA framework in fourth quarter
With money coming from resolution on Essar Steel and expected flow from resolut...
How to make the FRDI bill more effective
The new Act should consider keeping its ripple effects on other laws to the minimum.
Met most conditions, to request RBI to take IDBI Bank out of PCA: Rakesh Sharma
This quarter we kept slippages at around Rs 2200 crore against Rs 3,486 crore in last quarter.
Jennifer Aniston gets nostalgic at 2019 PCA, calls 'Friends' gift of a lifetime
Aniston credited 'Friends' for her successful career.
Shaktikanta Das defends placing Lakshmi Vilas under PCA
Based on each trigger point, the banks have to follow a mandatory action plan.
Lakshmi Vilas Bank plunges 5% as RBI puts lender under PCA framework
The lender said it is exploring various avenues for raising capital to shore up its CRAR.
Lakshmi Vilas Bank, Syndicate Bank plunge to 52-week low as RBI slaps heavy fines
There were no buyers for the stock and pending orders accumulated to about 3 lakh shares.
Finance Ministry expects remaining four banks to be out of PCA framework this fiscal
Last week, the government announced consolidation of 10 public sector banks (PSBs) into four mega state-owned lenders.
Fresh capital may not help banks exit PCA immediately
They may also tend to use most of the new capital to expand lending instead of making loan provisions unlike what several other weak banks did earlier.
RBI’s curb on LVB may impact stock; Indiabulls Housing could face pressure, too
Over the last couple of years, the bank has steadily seen erosion in its market value.
Confident of coming out of RBI's PCA framework by March next year: UCO Bank CMD
"We are growing quarterly, and we have pledged to come out of the PCA framework," CMD said.
If you want to see capex revival in 2 years, RBI has to cut rates now: BofA-ML economist
Indranil Sengupta, Senior Economist, BofA-ML, said he is expecting a 35 bps rate cut.
Finance companies may face bank-like restrictions
RBI Gov Shaktikanta Das said that the days of ‘light touch’ regulation for NBFCs were over, indicating they will be subjected to the same rules as banks.
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