Economics · Economy

With reference to the Prompt Corrective Action (PCA) framework of the RBI, consider the following statements: 1. PCA is triggered based on thresholds related to capital adequacy, asset quality and leverage. 2. Banks under PCA may face restrictions on dividend distribution and branch expansion. 3. Once a bank is placed under PCA, it cannot be removed until completion of a minimum mandatory period of three years. Which of the statements given above is/are correct?