RBI takes IDBI Bank out of PCA framework, subject to certain conditions

Board for Financial Supervision (BFS) found IDBI Bank not in breach of PCA parameters on capital, Net NPA and Leverage Ratio

IDBI Bank has been taken out of the Prompt Corrective Action (PCA) framework, subject to certain conditions and continuous monitoring, the Reserve Bank of India said in a statement.

The performance of IDBI Bank Limited was reviewed by the Board for Financial Supervision (BFS) in its meeting held on February 18, 2021 and it was decided that the lender will be taken out of PCA framework.

"It was noted that as per published results for the quarter ending December 31, 2020 the bank is not in breach of the PCA parameters on regulatory capital, Net NPA and Leverage ratio," the central bank