RBI lifts lending curbs on Bank of India, Bank of Maharashtra and Oriental Bank of Commerce
Updated : February 01, 2019 08:39 AM IST
The action follows improvements in their asset quality and capital ratios after a review of the performance of government-owned banks currently under the PCA framework.
Both BoI and BoM meet the regulatory norms including capital conservation buffer (CCB) and have net non-performing assets (NPAs) of less than 6 percent as per third quarter results, RBI said in a statement on Thursday.
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