Central Bank likely to be out of PCA framework in some three months

State-owned lender may also get capital infusion before the govt sets up privatisation.

Central Bank of India

Central Bank of India

Nikunj Ohri New Delhi
Central Bank of India, the last remaining public sector lender under the Reserve Bank of India’s prompt corrective action (PCA) framework, may see such restrictions being lifted in 2-3 months.

Central Bank of India meets all the parameters for exiting the PCA framework and the RBI will remove it from PCA as soon as the end of this fiscal year, said an official. The RBI is examining the bank’s performance, he said.

The PSB was placed under the PCA framework in June 2017 on the back of high soured loan ratio and negative return on assets (RoA). Its non-performing assets (NPAs) were

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 24 2021 | 7:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com