RBI admits prompt corrective action against Dena Bank

Posted on:03 Jun 2017 12:57:43
RBI admits prompt corrective action against Dena Bank
03 June 2017 Current Affairs:

  • The Reserve Bank of India (RBI) has initiated prompt corrective action (PCA) for Dena Bank in view of high net non-performing assets and negative return on assets.

  • In the month of May, RBI had initiated PCA for IDBI Bank and UCO Bank in view of negative assets.

  • Prompt Corrective Action is the action which will not have any material impact on the performance of the bank to improve its activities.


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