He said that the state-run lender will not breach Prompt Corrective Action (PCA) criteria on capital even in worst case scenario.
Mehta said the lender has not received any advisory from the Reserve Bank of India yet.
PNB, he said, does not expect any major issues from other branches with respect to Letters of Understanding.
Mehta said the bank’s board is working on a strategy to exit non-core assets.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in