RBI brings 3 banks out of PCA Framework: Allahabad Bank, Corporation Bank and Dhanlaxmi Bank

• The Reserve Bank of India on February 26, 2019 announced that Allahabad Bank, Corporation Bank, and Dhanlaxmi Bank have been brought out of the PCA Framework.

• Recently Allahabad Bank and Corporation Bank had received ₹ 6896 crore and ₹ 9086 crore respectively. This has shored up their capital funds and also increased their loan loss provision to ensure that the PCA parameters were complied with.