The BFS met to review the performance of banks under PCA and noted that the government has infused fresh capital into various banks including some of the banks currently under the PCA framework. What is the full form of BFS?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Board for Financial Society
B	Board for Financial System
C	Board for Financial Supervision
D	Board for Financial Service

Explanation:

Detailed explanation-1: -PCA is enforced by RBI when banks breach certain regulatory requirements such as return on asset, minimum capital, and quantum of non-performing assets. Banks under PCA face restrictions like dividend distribution, branch expansion, and management compensation or may require promoters to infuse capital in the bank.

Detailed explanation-2: -The RBI has specified certain regulatory trigger points, as a part of PCA Framework, in terms of three parameters, i.e., Capital to Risk Weighted Assets Ratio (CRAR), net Non-Performing Assets (NPA) and Return on Assets (RoA)

Detailed explanation-3: -RBI removes Central Bank of India from PCA framework after more than 5 yrs | Business Standard News.

Detailed explanation-4: -Prompt Corrective Action Framework – Central Bank of India The performance of the Central Bank of India, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision.

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