Out of PCA, Central Bank aims for below 10% NPA in three months

The state-owned bank is carrying a gross NPA burden of ₹29,000 crore, which is 14.9% of its outstanding loan portfolio. The Reserve Bank of India (RBI) lifted business restrictions on the bank under the prompt corrective action (PCA) framework Tuesday, prompting the stock to surge nearly 10% the next day.

from Banking/Finance-Industry-Economic Times https://ift.tt/OuSTyWm