RBI has revised the PCA framework for Scheduled Commercial Banks (excluding Small Finance Banks, Payment Banks and Regional Rural Banks). The provisions of the revised PCA Framework will be effective from January 1, 2022.
Category: Framework
Reserve Bank of India has issued a new framework on 7th June 2019 for resolution of bad loans, replacing the previous norms quashed by the Supreme Court in April, offering a 30-day gap for stress recognition instead of the one-day default earlier. The apex court had on April 2 struck down the stringent RBI circular, issued…