RBI initiates PCA against Bank of Maharashtra in view of bad loans
RBI initiates PCA against Bank of Maharashtra in view of bad loans
The Reserve Bank Has Initiated Prompt Corrective Action (PCA) Against Pune-based Bank Of Maharashtra (BoM) In View Of High Level Of Bad Loans And Negative Return On Assets. PTI | Updated on: 17 Jun 2017, 08:28:30 PM
New Delhi:
In view of high level of bad loans and negative return on assets, the Reserve Bank has initiated Prompt Corrective Action (PCA) against Pune-based Bank of Maharashtra (BoM). BoM has become the sixth state-owned lender to be put under the PCA.
KDCC Bank achieves 43% growth
Updated:
Updated:
The cooperative bank is celebrating 105 years of existence, says chairman
Share Article
The cooperative bank is celebrating 105 years of existence, says chairman
The Krishna District Cooperative Central (KDCC) Bank Limited has outperformed many cooperative banks in the country to register a growth of 43%, said its Chairman Yarlagadda Venkat Rao on Tuesday.
The bank, established by Sri Bhogaraju Pattabhi Seetaramaiah on January 17, 1915, was celebrating 105 years of existence, Mr. Venkat Rao said. KDCC Bank was operating with 425 affiliated Primary Agriculture Cooperative Societies (PACS) and 58 branches, with Machilipatnam as its headquarters, he said.
Giving details of the bank’s performance during the 2020-21 financial year (till January 15), the Chairman said KDCC Bank did a business of ₹6,980 crore.
In the current environment, it would be best to take a 3-year view as the economy and earnings would have normalized by then. From current levels, we can expect a 10-12 percent CAGR return for the Nifty, says Patil.
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Read more about Banking: Yesterday, today and tomorrow on Business Standard. With the customer spoilt for choice, the option for the banking industry in the new decade is between going digital or dying