- The reason behind taking out of PCAF was that the bank has performed in compliance with PCA parameters and features.
- The performance overview of the IOB was made and hence the decision was taken by the central ban.
- The IOB also committed to follow and comply with the rules of Minimum Regulatory Capital, NET NPA, and leverage ratio on an ongoing basis.
- The IOB was put under PCAF in Oct 2015 because of high NPAs (Non-Performing Assets) and negative RoA (Return on Assets).
- The central bank had not allowed the IOB to increase risk-weighted assets.
- Static Part:
- Recently UCO Bank was also taken out of PCAF
- HQ of RBI: Mumbai
- Governor of RBI: Shaktikanta Das
Question:
Q.1 RBI has removed ____ from Prompt Corrective Action Framework (PCAF), which was applied in Oct 2015?
a. Union Bank of India
b. Indian Overseas Bank
c. Punjab National Bank
d. Bank of Baroda
a. Union Bank of India
b. Indian Overseas Bank
c. Punjab National Bank
d. Bank of Baroda
