The Reserve Bank has placed four public sector banks under watch advising them not to deal in risky assets. The banks include IDBI Bank, Indian Overseas Bank and UCO Bank. RBI wants these banks to maintain their financial health. According to news reports, these four banks have been on RBI’s scrutiny as their financial health may not improve after the central bank’s asset quality review (AQR) comes to an end on 31 March. The reports said these banks have been advised by both the finance ministry and the RBI to improve their financials, look for avenues for capital infusion and create a self-sustaining model by selling assets.
