(2) The RBI, in May 2017, initiated‘prompt corrective action’on IDBI Bank which willrestrict bank from hiring, openingbranches and giving bigticket loans. IDBI Bank has,thus, become the first bankagainst which the revised PCAhas been invoked. The directionsfrom the RBI is aimed atensuring that the bank takesmeasures to cut down its lossesby reducing expenses andrecovering problem loans.