New Delhi: Shares of Corporation Bank, Allahabad Bank and Dhanlaxmi Bank rose sharply by up to 10.10 per cent on Wednesday after the RBI lifted lending curbs on these lenders by removing them from its weak-bank watchlist. State-owned Corporation Bank zoomed 10.10 per cent, Allahabad Bank climbed 8.20 per cent while private sector Dhanlaxmi Bank jumped 10 per cent.
The RBI on Tuesday removed the three banks from its Prompt Corrective Action (PCA) framework. In a statement, the RBI said the Board for Financial Supervision (BFS) reviewed the performance of banks under PCA and noted that the government has infused fresh capital on February 21 into various banks including some of the banks currently under the PCA framework.
