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Goyal promises help to 11 PSBs under RBI watch list

Thursday, May 17, 2018, 4:27 PM
Finance Minister Piyush Goyal today promised all possible help to strengthen the 11 public sector banks placed under the Prompt Corrective Action framework by the RBI to check their deteriorating financial health. Under the PCA, banks face restrictions on distributing dividends and remitting profits. The owner may be asked to infuse capital into the lender.
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