LIC-owned IDBI Bank exits PCA framework

The Reserve Bank of India (RBI) on Wednesday removed IDBI Bank from its enhanced regulatory supervision, or the Prompt Corrective Action (PCA) framework, after almost four years, on improved financial performance. The RBI had placed IDBI Bank under the framework in May 2017, after it had breached the thresholds for capital adequacy, asset quality (net NPAs were over 13% in March 2017), return on assets and leverage ratio.