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RBI-Govt parleys: PCA norms could be eased for some better-off lenders

Monday, January 14, 2019, 7:34 AM

The finance ministry and the RBI are expected to soon work out some relaxation in PCA framework for stressed banks. This will be available only to those lenders that have shown considerable improvement in addressing bad loans. As-if-now, 11 state-run banks and one-private-lender are under the PCA framework, which prevents them from riskier lending and expanding branches, among other curbs, until they recover.
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Govt is said to push RBI to lift lending curbs on some banks

Tuesday, November 27, 2018, 8:46 PM

The Indian government will push its central bank to ease lending restrictions for some weak banks and review rules governing its functioning at a board meeting next month, people with knowledge of the matter said. The RBI will also have to come with a plan to prevent banks accumulating bad loans rather than just penalizing weak lenders with restrictions on lending, the people said.
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Indian Bank Q2 profit slips 67% at 150 crore

Friday, November 9, 2018, 7:46 PM

State-owned Indian Bank Friday reported a 66.7% dip in its net profit at 150.1 crore for the second quarter ended September on account of increase in bad loans. The banks net profit in the corresponding July-September quarter of 2017-18 was at 451.5 crore. However, total income of the bank increased to 5,129.16 crore for the September quarter this year.

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