RBI places restrictions on banking activities of Central Bank of India

Posted on:16 Jun 2017 14:49:07
RBI places restrictions on banking activities of Central Bank of India
16 June 2017 Current Affairs:

  • The Reserve Bank of India (RBI) has placed Central Bank of India under prompt corrective action (PCA) which puts restricts on banking activities such as from lending, hiring and expanding branches. 

  • RBI PCAs for four banks namely IDBI Bank, UCO Bank, Dena Bank and Indian Overseas Bank.

  • The Central Bank has reported a loss of Rs 2439 crore for the financial year 2016-17.


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