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