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IDBI Bank Shares Jump Over 17% On RBI's PCA Framework Exit

Shares of IDBI Bank in intra-day trade today jumped over 17% to day's high of Rs. 45 per share on the NSE. This is after the RBI removed IDBI Bank from prompt corrective action (PCA) framework after the bank showed improvement in ...

Indiabulls Housing And Lakshmi Vilas Tank After RBI Cancels Their Merger

Shares of Indiabulls Housing and Lakshmi Vilas Bank tanked in morning trade on Thursday after RBI rejected the first of its kind attempt by an NBFC company to merge with a bank. Indiabulls Housing tumbled as much as 8.2% to ...

Indiabulls Housing Finance Shares Sink 39%; Touches 52-Week Low

After RBI revoked Lakshmi Vilas Bank and put it under the PCA (Prompt Corrective Action) framework which puts restrictions on its operations, shares of Indiabulls Housing Finance have come under pressure. In Monday's session, the stock sank by 38.5 percent to ...

RBI Puts Lakshmi Vilas Bank Under Prompt Corrective Action Framework

As per the filing with the exchanges, the private sector lender Lakshmi Vilas Bank has now been pulled under the PCA framework. The action has been taken due to the bank's high leverage, bad loans that are at a high level, ...

RBI Removes 3 Banks From PCA Framework

The Reserve Bank of India has removed three banks including Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the prompt corrective action (PCA) framework that is invoked against banks with higher NPA level and insufficient capital, , subject to certain conditions ...

RBI Drops 3 Public Sector Banks From PCA Framework

Three state-owned banks have been removed from the Reserve Bank of India's (RBI) radar of weak-bank watch list. Removal from the PCA framework will mean the lifting of lending restrictions imposed on them. In a statement the Central Bank said, "It ...

State Run Bank ATMs Are Shutting Down at Record Pace

Distressed Indian state-run banks are shutting down ATMs (automated teller machines) at a record pace to cut down costs. In the last year, banks placed under the Reserve Bank of India's (RBI) prompt corrective action (PCA) scheme have shut as many ...

After Dena Bank, More PSU Banks May Face Fresh Lending Restrictions

On Saturday, the Reserve Bank owing to the weak financials and mounting NPAs of the state-run Dena Bank, asked it to stop its lending activity. Also at the same time, Bank was asked to freeze its hiring plans all at once. ...

Dena Bank to Stop Issuing Loans & Hiring New Employees on RBI's Orders

The Reserve Bank of India (RBI) has restricted public sector lender Dena Bank, from giving fresh credit and hiring new personnel as it has initiated prompt corrective action (PCA) against the bank in view of high non-performing loans. The bank reported ...

Bank of India Defers QIP Plan Of Rs 3,000 Crore

The state-run lender Bank of India has deferred its plan to raise capital through the QIP route as the government decides to infuse Rs 2,257 crore capital into the bank. As reported to the PTI, BoI Managing Director Dinabandhu Mohapatra ...

Should Depositors Worry After RBI Initiates PCA Against BOI And 9 Other Banks?

The mounting non-performing assets with public sector banks see no end and have instead become a curse for the banking industry. So, to put it under check and invigorate the banking industry, government recently announced their recapitalization through recapitalization bonds and ...

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