What's New :
Intensive Mains Program for IAS 2026
22nd December 2021 (5 Topics)

RBI announces framework for NBFCs

Discuss the need of Prompt Corrective Action to sustain India’s banking system. (150 Words)

Approach:

  • Introduce by giving a definition of Prompt Corrective Action
  • Enumerate how PCA helps India’s banking sector
  • Enumerate the challenges associated with PCA framework
  • Way forward and Conclusion
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