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Out of PCA framework, IOB jumps 20% thumbnail

Out of PCA framework, IOB jumps 20%

NEW DELHI: Shares of soared nearly 20% in early Mumbai trading on Thursday as the lender came out of the Reserve Bank of India’s prompt corrective action (PCA) framework because of an improvement in asset quality. At 09:25 (IST), shares of the state-owned bank traded at Rs 24.50 on the National Stock Exchange, registering a…
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