Half of PSBs can be impacted by revised PCA framework: Fitch

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Reserve Bank of India's (RBI's) updated 'prompt corrective action' (PCA) rules can potentially impact more than half of the NPA-laden state-run banks, a report said on Thursday.

"More than half of state-owned banks would breach at least one of the new thresholds, mainly owing to high NPLs, based on their latest financial reports," global ratings agency Fitch on Thursday said.

The rules, updated last week, suggest "greater willingness" to take regulatory action to address problems at struggling banks, but "implementation is only likely to be effective if it is matched by credible plans to address banks' significant asset quality issues and capital shortages," it said.
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