Prompt Corrective Action

New Delhi. The Ministry of Finance will invest Rs 14,500 crore of capital in the next few days in the public sector banks, which are currently under the Prompt Corrective Action (PCA) framework of RBI. The Finance Ministry can infuse Rs…

Mumbai, Nov 2 (IANS) Lakshmi Vilas Bank's (LVB) non-executive and non-independent director Anuradha Pradeep, has resigned from her position, after independent director Supriya Prakash Sen quit the board citing personal reasons.A…

Chennai, Sep 28 (IANS) Private sector Lakshmi Vilas Bank on Saturday said the Reserve Bank of India (RBI) had initiated Prompt Corrective Action (PCA) against it on account of its high non-performing assets (NPA) and others.In a statutory…