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RBI puts deposit, lending restrictions on Allahabad Bank
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RBI puts deposit, lending restrictions on Allahabad Bank
NEW DELHI: State-run Allahabad BankNSE -8.61 % today said the Reserve Bank has imposed restrictions on its lending to risky assets and raising high-cost deposits in vie w of deteriorating financial health.
The directive has come within days of the RBI imposing similar restrictions on another state-run lender Dena Bank, which is under the Prompt Corrective Action (PCA) of the central bank.
The RBI having regard to the bank’s CRAR and leverage ratio position has advised certain additional actions, Allahabad Bank said in a filing on stock exchanges.
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