Thursday, October 25, 2018

RBI may relax norms for PCA frame work

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Reserve Bank of India may look at relaxation of its prompt corrective action  framework, according to government sources.

The government also expects some lenders to come out of the PCA framework on their own after recent recoveries made through the Bankruptcy process, the above quoted official added.

At present there are 11 banks under the RBI’s PCA framework and the minimum common equity  Tier I ratio as prescribed by RBI stands at 5.5% as against 4.5% under Basel norms.

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