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RBI places Corporation Bank under PCA framework

14 Dec 2017 Evaluate

The Reserve Bank of India (RBI) has placed Corporation Bank under Prompt Corrective Action (PCA) Framework in view of high NPA and requirement to raise capital of the Bank.

However, this action will not have any material impact on the performance of the Bank and will contribute to improvement in internal control of the Bank in its activities.

Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906.


Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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