RBI board mulls future course for weaker banks

Five banks – Central Bank of India, IDBI Bank, Indian Overseas Bank, Uco Bank and Lakshmi Vilas Bank – are now under the RBI prompt corrective action (PCA) framework that brings in multiple restrictions aimed at conserving capital of banks and better their loss-absorption capacity.

from Banking/Finance-Industry-Economic Times https://ift.tt/3jFMTkj