Exiting Prompt Corrective Action Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. ....

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