UNSHACKLING BANKS
Nov 13, 2021
2 minutes
By M.G. Arun
On November 2, the Reserve Bank of India (RBI) announced a revised Prompt Corrective Action (PCA) framework for all scheduled banks in India. The new framework modifies the PCA norms announced in 2017, taking into consideration changes in the banking environment over the past four years. The new norms will be effective January 1, 2022.
The PCA framework
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