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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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