IDBI Bank soars 10% after RBI removes it from PCA framework - The Hindu BusinessLine
Bank Chief says to grow business in a calibrated way
Stay updated with breaking news from Pca Framework. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bank Chief says to grow business in a calibrated way
Under PCA, RBI closely monitors weak banks which slip below certain financial parameters such as capital ratios, asset quality and profitability
Read more about RBI takes IDBI Bank out of PCA framework, subject to certain conditions on Business Standard. Board for Financial Supervision (BFS) found IDBI Bank not in breach of PCA parameters on capital, Net NPA and Leverage Ratio
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
Read more about IDBI Bank takes prompt corrective action; all eyes now on Q3 results on Business Standard. The lender has stabilised under LIC ownership, but its exit from the central bank's restrictions may be some time away