The Reserve Bank of India has initiated PCA for Dena Bank in view of high net non-performing assets and negative return on assets. PCA stands for

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

A	Prompt Collection Action
B	Prompt Corrective Agency
C	Prompt Corrective Action
D	Prompt Corrective Association

Explanation:

Detailed explanation-1: -Prompt Corrective Action (PCA)is a framework introduced by the Reserve Bank of India in 2022. The Prompt Corrective Action framework is a structured early-intervention mechanism for banks with weak financial records due to loss of profitability or poor asset quality.

Detailed explanation-2: -Prompt Corrective Action Framework – Central Bank of India Taking all the above into consideration, it has been decided that Central Bank of India is taken out of the PCA restrictions subject to certain conditions and continuous monitoring.

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

Detailed explanation-4: -The Reserve Bank of India (RBI) on Tuesday removed Central Bank of India from its Prompt Corrective Action Framework (PCAF) after the lender showed improvement in various financial ratios, including minimum regulatory capital and net non-performing assets (NNPAs).

There is 1 question to complete.