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RBI comes out with new PCA framework for banks

RBI comes out with new PCA framework for banks

Friday, April 14, 2017, 3:52 PM

RBI on Thursday said capital, asset quality and profitability would be the basis of the Prompt Corrective Action(PCA) framework on which the banks would be monitored and has defined three kinds of risk thresholds. The mandatory-action would be taken when a bank breaches the risk-threshold includes the limitation on dividend payment/remittance of profits, restriction on branch expansion and management compensation, higher provisions and director’s fees.
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