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Allahabad Bank Faces Further Restrictions on Lending, Deposits
May 23, 2018
Public sector Allahabad Bank said that in light of its worsening financial health, the central bank RBI has imposed restrictions on it regarding high-cost deposits, and lending to risky accounts.
In a recent regulatory filing, Allahabad Bank said that the RBI has advised additional actions after analyzing its CRAR and leverage ratio, mainly to avoid exposure to high-risk and unrated advances. Although it’s already monitored under the Prompt Corrective Action (PCA) framework.
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