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    Question

    Which of these bank/s included in PCA(Prompt Corrective Action)?

    A State Bank of India Correct Answer Incorrect Answer
    B Indian Bank Correct Answer Incorrect Answer
    C Bank of India Correct Answer Incorrect Answer
    D Central Bank of India Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    PCA main purpose is to enable supervisory intervention at appropriate time and require the supervised entity to initiate and implement remedial measures in a timely manner, so as to restore its financial health. It includes three main banks - 

    1. Central Bank of India

    2. UCO Bank

    3. Indian Overseas Bank

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