Question
Which of the following 3 banks are in PCA at present as
per RBI?Solution
Three banks under RBI’s PCA framework are UCO Bank, Indian Overseas Bank and Central Bank of India. PCA is Prompt Corrective Action. The objective of the PCA Framework 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.
Who has been appointed as the new Chairperson of NABL?
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