MUMBAI, Sep 20:The Reserve Bank on Tuesday said Central Bank of India has been removed from the Prompt Corrective Action Framework (PCAF) watchlist following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms. Of the three state-owned lenders under the RBI’s PCA framework, Indian Overseas Bank and UCO Bank were removed from the watchlist in September 2021. Central Bank of India was put under the PCA framework in June 2017 […]
The state-owned UCO Bank on Thursday reported a multi-fold jump in net profit as it rose by 581.91 per cent to Rs 205.39 crore in the quarter ended September 2021.