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RBI puts Central Bank of India under PCA

14 Jun 2017 Evaluate

The Reserve Bank of India (RBI) has put the Central Bank of India under Prompt Corrective Action (PCA) in view of high net NPA and negative RoA. The Bank expects that corrective measures arising out of the PCA will help in improving its overall performance.

Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 4730 Branches, 1 Extension counters, along with 10 Satellite Offices (as on February 2017) at various centres throughout the length and breadth of the country.


Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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