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Is it time to put PNB under prompt corrective action of RBI?

Updated : May 22, 2018 04:45 PM IST

Punjab National Bank (PNB) on Tuesday reported an operational loss for the first time in its history, due to greater-than-expected slippages.
If the PNB comes under PCA, the bank cannot expand its branch network and cannot engage in further risky lending.
Is it time to put PNB under prompt corrective action of RBI?

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