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What is RBI's prompt corrective action?

Rohan Takalkar / Article rating: 4.0

RBI has imposed prompt corrective action (PCA) on Allahabad Bank for non-fulfillment of the regulatory requirements regarding adequate capital, rising NPA’s and return on assets on Wednesday. Almost half of public sector banks are under RBI’s watch of prompt corrective action. Here is short brief about what is PCA

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