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RBI puts Central Bank of India under 'corrective action' as bad loans surge

Central Bank of India had a net non-performing loans ratio of 10.2 per cent, as of end-March

Reuters 

RBI
RBI

The (RBI) has initiated "prompt corrective action" (PCA) for state-run (CBI) over high and negative return on assets, the lender said in a stock exchange filing on Wednesday.

It did not give details of the but said, "We believe corrective measures arising out of the PCA will help in improving overall performance of the bank."

The bank had a net non-performing loans ratio of 10.2 per cent, as of end-March.

In April, had tweaked rules for regulatory action on banks, including an over 6 percent net non-performing loans as one of the triggers.

, and are the other lenders that have been placed under by the regulator due to their high

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