Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
Related Articles
The 11 state-run banks under the Reserve Bank’s prompt corrective action (PCA) framework have seen a 400 basis points increase in their share of retail loans at 19% of the system in the four years ended September 2018, says a report.The Reserve Bank began to place state-run banks under the PCA framework starting September 2016, when their NPAs soared beyond the regulatory tolerance levels. But the present data is for the period between March 2015 when their retail share was only from 15% and September 2018 when it rose to 19%, according to American brokerage Jefferies.A report by the brokerage said on Friday it is often misreported that banks under PCA aren’t allowed to grow (gross loans have indeed fallen 10% since March 2015).
