The Reserve Bank of India has eliminated IDBI Bank from its enhanced regulatory supervision or Prompt Corrective Action (PCA) framework. It was famous that as per revealed outcomes for the quarter ending December 31, 2020, the financial institution just isn’t in breach of the PCA parameters on regulatory capital, web NPA and leverage ratio.
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The financial institution has additionally offered a written dedication that it could adjust to the norms of minimal regulatory capital, web NPA and leverage ratio on an ongoing foundation and has apprised the RBI of the structural and systemic enhancements that it has put in place which might assist the financial institution in persevering with to satisfy these commitments.
Returns to revenue in Dec quarter
- The central financial institution had positioned IDBI Bank beneath the PCA framework in May 2017 after it had breached the thresholds for capital adequacy, asset high quality, return on belongings and the leverage ratio
- The financial institution had reported a standalone web revenue of Rs 378 crore for the December quarter of 2020-21 in comparison with a standalone web lack of Rs 5,763 crore within the year-ago quarter.
Important takeaways for all aggressive exams:
- IDBI Bank CEO: Rakesh Sharma.
- IDBI Bank Headquarters: Mumbai, Maharashtra.
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