Prompt Corrective Action (PCA)
News:The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against Lakshmi Vilas Bank(LVB). Facts: What is Prompt corrective action(PCA): PCA is a framework under which banks with …
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Will try to lift more banks from PCA
1.The government said they will try to help lift the restrictions on other public sector banks too after the Reserve Bank of India (RBI) lifted restrictions under prompt corrective action …
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