Economics · Banking Sector Reforms & Regulation
Consider the following statements regarding the Banking sector and Non-Performing Assets (NPAs) in the Indian Economy: Statement I: The Gross NPA ratio of Scheduled Commercial Banks has significantly declined from its double-digit peak and was below 3 percent in recent Financial Stability Reports. Statement II: The Prompt Corrective Action (PCA) framework is a set of rules used by the RBI to intervene in the management of banks that fall below specified thresholds for capital, asset quality, and leverage. Statement III: Basel III norms, which require banks to maintain a higher Capital Conservation Buffer and Liquidity Coverage Ratio, have been fully implemented in India to align with global standards. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III✓
- 2Only II and III
- 3Only I and II
- 4Only I
Correct answer
I, II and III
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