{"id":4639,"date":"2021-09-08T23:38:33","date_gmt":"2021-09-08T18:08:33","guid":{"rendered":"https:\/\/yourcareerheights.com\/?post_type=news&p=4639"},"modified":"2021-09-08T23:42:15","modified_gmt":"2021-09-08T18:12:15","slug":"rbi-removes-pca-restrictions-on-uco-bank","status":"publish","type":"news","link":"https:\/\/yourcareerheights.com\/?news=rbi-removes-pca-restrictions-on-uco-bank","title":{"rendered":"RBI removes PCA restrictions on UCO Bank"},"content":{"rendered":"

Prompt Corrective Action Framework - UCO bank<\/h3>\n
\n\t

\"\"<\/a>The performance of the UCO Bank, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision.
\nIt was noted that as per its published results for the year ended March 31, 2021, the UCO bank is not in the breach of the PCA parameters.
\nThe bank has provided a written commitment that it would comply with the norms of Minimum Regulatory Capital, Net NPA and Leverage ratio on an ongoing basis and has apprised the RBI of the structural and systemic improvements that it has put in place which would help the bank in continuing to meet these commitments.<\/h3>\n

Taking all the above into consideration, RBI decided to remove UCO Bank out of the PCA restrictions<\/em> subject to certain conditions and continuous monitoring.<\/h3>\n
\n
\n
    \n
  • Following UCO Bank\u2019s exit, two banks -- Indian Overseas Bank and Central Bank of India -- remain under PCA<\/li>\n
  • RBI uses PCA framework to rein in banks that have breached certain regulatory thresholds in bad loans and capital adequacy<\/li>\n
  • PCA entails curbs on high-risk lending, setting aside more money on provisions and restrictions on management salary.\n
    \n
    \n
    Source: rbi.org.in<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/article>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

    The UCO Bank has been taken out of the prompt corrective action (PCA) restrictions.<\/p>\n","protected":false},"author":1,"featured_media":4447,"comment_status":"open","ping_status":"closed","template":"","tags":[794,40,1000],"news-category":[27,540,999,998],"class_list":["post-4639","news","type-news","status-publish","has-post-thumbnail","hentry","tag-pca","tag-rbi","tag-uco-bank","news-category-banking","news-category-pca-framework","news-category-prompt-corrective-action","news-category-uco-bank"],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/4639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4639"}],"version-history":[{"count":1,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/4639\/revisions"}],"predecessor-version":[{"id":4641,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/4639\/revisions\/4641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/4447"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4639"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4639"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fnews-category&post=4639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}