Explained | How has RBI tweaked Prompt Corrective Action norms for banks?

News Today (08.11.2021)

In the RBI’s own words, “The objective of the PCA framework is to enable supervisory intervention at appropriate time and require the supervised entity to initiate and implement remedial measures in a timely manner so as to restore its financial health. The PCA framework is also intended to act as a tool for effective market discipline. The PCA framework does not preclude the Reserve Bank of India from taking any other action as it deems fit at any time, in addition to the corrective actions prescribed in the framework”. (Read More)


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