The PCA plan covers various suggestions or measures to recover non-performing assets (NPAs), reduce costs, boost capital, downsize risk-weighted assets, and improve profitability, among others. The LVB management is in the process of implementing all of these, said sources.
It also named bosses for Bank of India, IDBI Bank Ltd and Punjab National Bank from within the state sector
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
First case filed after new norms come into force, NCLT admits plea.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Headed to this dreamy hill station in Maharashtra? Here's what you can do there, says Anita Aikara.
GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Sheela Bhatt/Rediff.com explains the compulsions that forced Bihar strongman Lalu Yadav to play second fiddle to Nitish Kumar.