IDBI Bank hopes to come out of RBI PCA framework this fiscal: MD Sharma

IDBI Bank would endeavour to come out of the RBI's restrictive Prompt Corrective Action (PCA) framework as early as possible during the current fiscal by improving its financial health, a top bank official has said.

The Reserve Bank in May 2017 had placed the IDBI Bank in the PCA framework because of the deterioration in the financial health of the bank.

The PCA framework imposes various operational restrictions on a bank to ensure that the lender remains solvent.

One of the thrust areas of the bank's strategic endeavours has been to expeditiously exit the Prompt Corrective Action (PCA) framework, imposed