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RBI places Allahabad Bank under PCA framework

04 Jan 2018 Evaluate

The Reserve Bank of India (RBI) has placed public sector Allahabad Bank under Prompt Corrective Action (PCA) framework post an on-site inspection of high NPAs and negative return of assets for fiscal 2016-17. The RBI inspection has revealed high net Non Performing Assets (NPAs) and negative Return on Assets (ROA) for two consecutive years.

Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.



Peers
Company Name CMP
State Bank Of India 977.00
PNB 117.35
Bank Of Baroda 234.35
Canara Bank 125.35
Union Bank Of India 178.50
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