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IDBI Bank was placed under PCA framework in May 2017.
Share of state-run lender IDBI Bank rose as much as 17 per cent to hit an intraday high of Rs 44.80 on the BSE after the bank informed exchanges that it has exited the Reserve Bank of India s prompt corrective action (PCA) framework. The performance of IDBI Bank Limited, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision (BFS) in its meeting held on February 18, 2021. It was noted that as per published results for the quarter ending December 31, 2020 the bank is not in breach of the PCA parameters on regulatory capital, Net NPA and Leverage ratio, Reserve Bank of India said in a press release.
Read more about IDBI Bank jumps after exit from PCA on Business Standard. IDBI Bank surged 13.86% to Rs 43.55 after the Reserve Bank of India took the bank out of the Prompt Corrective Action (PCA) Framework subject to certain conditions and continuous monitoring.
RBI said IDBI Bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis