New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Reserve Bank has removed which of the following bank

    from PCA (prompt corrective action) restrictions framework?
    A Canara Bank Correct Answer Incorrect Answer
    B UCO Bank Correct Answer Incorrect Answer
    C SBI Correct Answer Incorrect Answer
    D IDBI Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Reserve Bank has removed UCO Bank from the PCA (prompt corrective action) restrictions framework, subject to certain conditions and continuous monitoring. This means UCO Bank will no longer face strict lending restrictions that were put in place by the RBI in May 2017.

    Practice Next

    Relevant for Exams: