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Banking - General Knowledge Questions
The Indian Overseas Bank has been taken out of the Prompt Corrective Action (PCA) restriction by RBI. In which year was the bank placed under the PCA framework?
A)
2011
B)
2013
C)
2015
D)
2018

Correct Answer :   2015

The Reserve Bank of India (RBI) has announced that the Indian Overseas Bank (IOB) is taken out of the PCA restrictions. (Prompt Corrective Action Framework (PCAF)). Chennai-based IOB was placed under PCA in October 2015.

Published On : October 1, 2021
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