- 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:
a. Union Bank of India
b. Indian Overseas Bank
c. Punjab National Bank
d. Bank of Baroda
