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Central Bank of India has got a big relief from RBI. In fact, the RBI has removed him from the Prompt Corrective Action (PCA) watch list. After the removal of these restrictions, the Central Bank of India will now be able to disburse loans without any restrictions.
A statement has been issued by RBI on Tuesday. In which it has been said that the performance of Central Bank of India was reviewed after which it has been decided to exclude it from the framework of PCA. The monitoring board, while reviewing the bank’s performance, found that it did not violate the PCA norms for the financial year ending March 2022, the statement said.