Under RBI watchlist, IDBI Bank, UCO Bank, Central Bank of India eye 2020 redemption
Sources said top officials of the 11-banks — IDBI Bank, UCO Bank, Central Bank of India, Bank of India, Indian Overseas Bank, Dena Bank, Oriental Bank of Commerce, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank — made presentations before the panel and responded to queries.
Under the PCA, banks face restrictions on distributing dividends and remitting profits. Image source: Reuters