The finance ministry has no plan to ask the Reserve Bank of India (RBI) to relax the prompt corrective action (PCA) framework for stressed public sector banks (PSBs), a top official said on Monday. Instead, the ministry has directed the 11 stressed PSBs that are under the PCA to work hard on their turnaround plans by the reforms agenda given to them, including focussing more on core competencies, adopting differentiated business strategy, selling non-core assets and rationalising loss-making operations. \u201cWe recently held a meeting with the 11 public sector banks that are under PCA but we have not sought any relaxation in the framework from the regulator,\u201d the finance ministry official said. Asked if these sick banks will be given more funds by the government, the official said capital infusion will be linked to performance. Chiefs of the 11 stressed PSBs last week met interim finance minister Piyush Goyal and other senior officials with the department of financial services with the progress report on the reforms undertaken by them in lieu of the capital they received from the government, apart from presenting their turnaround plans. The banks under PCA are: IDBI Bank, Bank of India, Uco Bank, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, Dena Bank, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank. The meeting took place at a time when the central bank has imposed restrictions on lending by two of these banks \u2014 Dena Bank and Allahabad Bank \u2014 until they fix their finances. Four other banks \u2014 IDBI Bank (net NPA ratio of 16.02%), Indian Overseas Bank (13.08%), Bank of Maharashtra (12.17%) and United Bank of India (11.96%) \u2014 have reported higher net NPA ratio than even Dena Bank (11.52%) for the December quarter of FY18. The 11 stressed banks make up for 30% of deposits and 29% of advances of all the 21 PSBs. Losses on bond portfolio, strict provisioning norms \u2014 including the one that stipulates up to 50% provisioning for stressed assets under insolvency proceedings by June \u2014 and a string of scandals (including the Rs 14,357-crore fraud at Punjab National Bank) are straining the finances of PSBs, especially the ones under PCA. The gross bad loans in the Indian banking system touched as high as `8,40,958 crore as of December-end, with most concentrated in the public sector banking space.