Mumbai New Delhi : Allahabad Bank on Monday said the RBI has imposed restrictions on its lending to risky assets and raising high-cost deposits in view of deteriorating financial health.
The RBI having regard to the bank’s CRAR and leverage ratio position has advised certain additional actions, Allahabad Bank said. RBI asked the bank to restrict expansion of risk weighted average and reduce exposure to un-rated and high-risk advances, the filing said.
Financial Services Secretary Rajiv Kumar on Monday said the status of all 11 state-owned banks under prompt corrective action (PCA) of the RBI would be reviewed on May 17.