RBI Removes 2 big banks from weak-bank watch list

Private sector Dhanlaxmi Bank too has been taken out of the Prompt Corrective Action Framework...Earlier on January 31, Bank of India, Bank of Maharashtra and Oriental Bank of Commerce were taken out of the PCA Framework...In a statement, the RBI said the Board for Financial Supervision reviewed the performance of banks under PCA and noted that the government has infused fresh capital on February 21 into various banks including some of the banks currently under the PCA framework...Of these banks, Allahabad Bank and Corporation Bank had received Rs 6,896 crore and Rs 9,086 crore, respectively.

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