RBI initiates PCA against Bank of Maharashtra in view of bad loans
RBI initiates PCA against Bank of Maharashtra in view of bad loans
The Reserve Bank Has Initiated Prompt Corrective Action (PCA) Against Pune-based Bank Of Maharashtra (BoM) In View Of High Level Of Bad Loans And Negative Return On Assets. PTI | Updated on: 17 Jun 2017, 08:28:30 PM
New Delhi:
In view of high level of bad loans and negative return on assets, the Reserve Bank has initiated Prompt Corrective Action (PCA) against Pune-based Bank of Maharashtra (BoM). BoM has become the sixth state-owned lender to be put under the PCA.