RBI issues prompt corrective action framework for UCBs

Quick Summary:

The provisions of the Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs) will be effective from April 1, 2025.

"This PCA framework shall replace the SAF," the RBI said in a statement.

Capital, asset quality and profitability will be the key areas for monitoring in the revised PCA Framework.

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Corrective Banks Ucbs Action Revised Supervisory Prompt Policy Bank Framework

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 14:01:20 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 279 words

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Sentences: 20 lines

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News ID: 21784928

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