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Wednesday, June 14, 2017

RBI puts Central Bank of India under ‘corrective action’ as bad loans surge

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(Reuters) – The Reserve Bank of India has initiated “prompt corrective action” (PCA) for state-run Central Bank of India over high bad loans and negative return on assets, the lender said in a stock exchange filing on Wednesday.

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June 14, 2017 at 04:43PM

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