July 26, 2024 10:26 PM July 26, 2024 10:26 PM
16
RBI issues prompt corrective action framework for UCBs
The Reserve Bank of India (RBI) has issued a prompt corrective action (PCA) framework for primary (urban) co-operative banks to give more focus on larger UCBs that require more intensive monitoring by optimal utilisation of supervisory resources. The PCA framework will replace the supervisory action...