High net non-performing assets (Net NPA) and negative return on assets (ROA) has led the Reserve Bank of India to invoke Prompt Corrective Action (PCA) for IDBI Bank. Based on the recently tightened PCA framework for banks, mandatory action plan for IDBI Bank could include restriction on dividend distribution, restriction on branch expansion and higher provisions. Going by the results for the nine...

Get more of your favourite news delivered to your inbox

Please enter your email. Thank You.
Newsletter has been successfully subscribed.