RBI introduces PCA framework to improve financial health of UCBs
27
Jul
RBI introduces PCA framework to improve financial health of UCBs Subject: Eco Sec: Monetary policy Context: The Reserve Bank of India (RBI) on Friday prescribed a Prompt Corrective Action (PCA) framework for relatively weak urban co-operative banks (UCBs), with deposits above ₹100 crore (upper tier category), to nurse them back to health. Details: […]