Should Depositors Worry After RBI Initiates PCA Against BOI And 9 Other Banks?

The mounting non-performing assets with public sector banks see no end and have instead become a curse for the banking industry. So, to put it under check and invigorate the banking industry, government recently announced their recapitalization through recapitalization bonds and fund raising option.

Other than this as a recent measure, RBI invoked prompt corrective action or PCA on 10 banks. So, what is PCA and which are the banks on which action has been taken is discussed here forth.

{photo-feature}