Current Affairs - Banking - Discussion

The Reserve Bank of India (RBI) has initiated prompt corrective action (PCA) for Dena Bank in view of high net non-performing assets and negative return on assets. Prompt Corrective Action is the action which will not have any material impact on the performance of the bank to improve its activities.In the month of May, RBI had initiated PCA for IDBI Bank and UCO Bank in view of negative assets.