India cenbank takes 3 banks off corrective action list

Dhanlaxmi Bank

26/02/2019 13:26

Feb 26 (Reuters) - India's central bank said on Tuesday it
removed state-run Allahabad Bank  ALBK.NS  and Corporation Bank
Ltd  CRBK.NS  from its prompt corrective action framework (PCA)
after the government infused fresh capital into these lenders.
    The banks said their asset quality and capital ratios were
no longer in breach of the PCA thresholds after the infusion,
the Reserve Bank of India said in a statement https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR203432881875D3A74037B42860A416E6C66B.PDF.
    The central bank also removed Dhanlaxmi Bank  DNBK.NS  from
the framework, as the bank was found to be not breaching any of
the risk thresholds.

 (Reporting by Chris Thomas in Bengaluru; Editing by Subhranshu
Sahu)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))