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Prompt Corrective Action News

RBI's Prompt Corrective Action May Be Invoked On 6 More PSU Banks

As per a leading business daily report, six more PSU Banks including the likes of PNB, Syndicate Bank and Union Bank of India are currently reeling under the risk of being included in the RBI's prompt corrective action measure. And if ...

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. ...

Should PSU Bank Scams Worry Depositors?

The trouble with the banking space facing huge stressed assets situation is unlikely to be resolved anytime soon. And the problem has only aggravated after the recent high value PNB and such similar PSB scams have come to the shore. The ...