All eyes on Central Bank, Indian Overseas Bank after UCO exits PCA

Central Bank in its annual report for 2020-21 said it was complying with the PCA framework norms meticulously

After UCO Bank's exit from the prompt corrective action (PCA) regime, two public sector lenders - Indian Overseas Bank and Central Bank of India - are waiting to get out of the framework as well. The Reserve Bank of India (RBI) is examining the performance of both banks.

Besides Kolkata-based public sector lender UCO Bank, the RBI took private lender IDBI Bank out of the PCA regime in March 2017. Last month, RBI Governor Shaktikanta Das had said that if a bank meets the regulatory requirements, the RBI will do the needful (remove it from PCA).

In June 2017, the banking regulator