The finance ministry would soon initiate a performance review of heads of public sector banks that are under the RBI’s Prompt Corrective Action (PCA) as part of the reform process, official sources said. Performance review of the top level management of all such banks would be undertaken soon, official sources said. In the recently announced Reforms Agenda for Responsive and Responsible PSBs, the government committed Rs 52,311 crore for the 12 banks under PCA as against healthy banks which will be Rs 35,828 crore crore by March 31, 2018. During the current fiscal, IDBI Bank has been committed the highest infusion of Rs 10,610 crore, followed by Bank of India, Rs 9,232 crore and UCO Bank (Rs 6,507 crore). Among other PCA lenders Central Bank of India was committed Rs 5,158 crore, Indian Overseas Bank - Rs 4,694 crore; Oriental Bank of Commerce Rs 3,571 crore; Dena Bank - Rs 3,045 crore; Bank of Maharashtra - Rs 3,173 crore; United Bank of India - Rs 2,634 crore; Corporation Bank Rs 2,187 crore and Allahabad Bank - Rs 1,500 crore by the end of 2017-18.

Source: Hindustan Times January 28, 2018 12:45 UTC