RBI introduces PCA framework to enhance monetary well being of UCBs
The Reserve Financial institution of India (RBI) on Friday prescribed a Immediate Corrective Motion (PCA) framework for comparatively weak city co-operative banks (UCBs), with deposits above ₹100 crore (higher tier class), to nurse them again to well being. As per the framework, a financially unsound and ill-managed UCB may be introduced below PCA if it … Read more