Corporation Bank, Allahabad Bank next in line for PCA exit
Finance Ministry will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the PCA framework of the Reserve Bank of India.
Both these banks now have better parameters to escape PCA -- Core Equity Capital, Tier I Capital, Capital to Risk weighted ratio (CRAR) and net NPA. Image source: Reuters