RBI introduces prompt corrective action framework for NBFCs2 min read . Updated: 14 Dec 2021, 07:03 PM IST
- A PCA framework for NBFCs has also been put in place to further strengthen the supervisory tools applicable to NBFCs, RBI said in a statement
The Reserve Bank of India (RBI) has introduced the prompt corrective action (PCA) framework for non-banking financial companies (NBFCs).
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