Current Affairs · Banking and Finance
With reference to the Prompt Corrective Action (PCA) Framework of the Reserve Bank of India, consider the following statements: 1. PCA is invoked when a bank breaches thresholds related to capital adequacy, asset quality, or leverage/profitability. 2. Banks under PCA are completely prohibited from expanding branch networks. 3. The PCA framework aims at early intervention to restore financial health and prevent systemic risk. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 31 only
- 41 and 3 only✓
Correct answer
1 and 3 only
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