What the RBI’s corrective action on Bank of India means for depositors

Radhika Merwin
  ·   print   ·  

There’s no reason for panic; the action is intended to strengthen the bank over the long run and protect depositors’ interests

With the RBI invoking Prompt Corrective Action (PCA) on Bank of India — one of the largest public sector banks — depositors are sure to be rattled. But if you are worried about your deposits being frozen or your bank going bust, rubbish such thoughts right away. The RBI’s PCA involves monitoring certain key performance indicators of banks, and taking corrective measures, if need be, to restore ...
Please Wait while comments are loading...
This article is closed for comments.
Please Email the Editor

The choice of top 10 stocks/sectors in a fund's portfolio is important as the top picks usually occupy a major portion of the portfolio, determine the level of diversification and help funds gener... »

Buying a house to just rent it out may not be a lucrative option in India, shows study of data provided by JLL India. Average rental yields were 3.1 per cent, as of May 2017, for top six cities in... »


Exchange Rate

Dollar Spot Forward Rate

Open-Ended Mutual Funds

NSE Currency Futures



Recent Article in News Analysis

Axis Bank: Lower slippages and provisioning aid earnings

But pressure on net interest margin continues »

Comments to: Copyright © 2018, The Hindu Business Line.

NEVER miss any latest news! we will have it delivered hot to your inbox!

Please enter your email. Thank You.
Newsletter has been successfully subscribed.