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Photo: Telegraph India

IDBI Bank No More Under RBI's PCA Framework After Improving Finances

The Reserve Bank of India (RBI) on March 10 stated that private lender IDBI Bank has been removed from its prompt corrective action (PCA) framework after four years. Reportedly, the IDBI's removal resulted from the bank's refined financial and credit profile, especially in regulatory capital, net non-performing assets, and leverage ratio. Besides enabling amplification of business, the freshly granted immunity may facilitate strategic… read-more

Thu, 11 Mar 2021 - 01:00 PM / by Ashly Ann Varghese

Tags: RBI, IDBI, private bank, PCA, NPAs, Government, Disinvestment

Courtesy: Business Standard

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Photo: National Herald

Indore Man Held For Posing As Cop; Cheats Shopkeeper Of Rs 1.3 Lakh

The Indore Police on January 7 arrested a fake policeman for allegedly extorting Rs 1.3 lakh from a general store owner in Khajrana area. The accused, Sachin Upati, an ambulance driver, made a purchase of that amount and paid through NEFT. However, the shopkeeper did not receive the payment within two to three days and lodged a complaint. SHO Dinesh Verma suspected that the accused hacked a private bank's app to dupe the shopkeeper.

Fri, 08 Jan 2021 - 12:50 PM / by Archita chakraborty

Tags: fake cop, indore, private bank, payment app

Courtesy: ndtv