Central Bank of India soars 15% as RBI removes lender from PCA framework

The RBI removed public sector lender from the Prompt Corrective Action Framework on complying with parameters like net non-performing assets and capital ratios

Shares of Central Bank of India (CBI) soared 15 per cent to Rs 23.50 on the BSE in Wednesday's intra-day trade, amid heavy volumes, after the Reserve Bank of India (RBI) removed the public sector lender from its Prompt Corrective Action (PCA) framework on complying with parameters like net non-performing assets (NNPAs) and capital ratios.

At 09:41 AM, the stock of Central Bank of India traded 9 per cent higher at Rs 22.15, as compared to 0.05 per cent decline in the S&P BSE Sensex. Trading volumes on the counter jumped over three-fold, as around 33.16 million equity shares