BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of India
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Bank of Maharashtra
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Oriental Bank of Commerce
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All of the above
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Detailed explanation-1: -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.
Detailed explanation-2: -The bank regulator had three state-owned banks under its PCA framework. Indian Overseas Bank and UCO Bank were removed from the watchlist in 2021. RBI had revised the PCA framework for Scheduled Commercial Banks (SCBs), with changes being effective from January 1, 2022.
Detailed explanation-3: -Prompt Corrective Action Framework – Central Bank of India Taking all the above into consideration, it has been decided that Central Bank of India is taken out of the PCA restrictions subject to certain conditions and continuous monitoring.
Detailed explanation-4: -pca: RBI takes state-owned lender Central Bank of India out of PCA framework-The Economic Times.
Detailed explanation-5: -RBI removes Central Bank of India from Prompt Corrective Action framework.