CURRENT AFFAIRS

Detailed explanation-1: -RBI removes Central Bank of India from PCA framework after more than 5 yrs | Business Standard News.

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: -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-4: -RBI had placed 11 state-run banks – Allahabad Bank, United Bank, Corporation Bank, IDBI Bank, Uco Bank, Bank of India, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, Dena Bank and Bank of Maharashtra – under PCA framework after they breached the risk thresholds.