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When does RBI decide to intervene in a Bank’s business? | Mint Primer
The RBI has been keeping a strict eye on the situation at the Dhanlaxmi bank after the bank delayed capital raising plans and a section of shareholders of the bank has called for an extraordinary general meeting to suspend the powers of the managing director and CEO of the bank. In order to address substantial deteriorations in its financial status, Dhanlaxmi Bank was even included in the RBI's prompt corrective action framework (PCA) since its capital adequacy had previously dropped below necessary levels. However, a major question arises with this, when is a bank placed under supervision? Watch this video to know when RBI decides to intervene in a Bank’s business. #rbi #bank #finance #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze
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Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared