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RBI takes IDBI Bank out of Prompt Corrective Action List

RBI said that it had taken IDBI Bank Ltd out of its prompt corrective action list after finding the state-run lender was not in breach of the central bank’s parameters. The performance of IDBI Bank Limited, currently under the Prompt Corrective Action Framework of RBI, was reviewed by the Board for Financial Supervision (BFS) in its meeting held on February 18, 2021.

Source: LiveMint

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