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Off the PCA hook, banks bet on loans to small biz and agriculture sector

The Reserve Bank of India (RBI) has taken out six of the 12 banks from PCA

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Namrata AcharyaAbhijit Lele Kolkata/Mumbai
Exiting the Reserve Bank of India’s (RBI’s) prompt corrective action (PCA) framework may not exactly be a lease of life for banks. However, it certainly paves the way for them to scale up their loan book, especially to retail, micro, small & medium enterprises (MSME) and the agriculture sector.

Senior executives of banks that have come out of the PCA said lenders were engaged in improving credit underwriting standards under the framework. 

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The Reserve Bank of India

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First Published: Feb 27 2019 | 11:44 PM IST

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