RBI has reviewed and revised the existing framework for SCB’s and also issued fresh PCA Framework for NBFC’s. The new PCA norms for SCB’s shall be effective January 1st, 2022 & for NBFC’s the PCA norms will be effective wef October 1, 2022.
Tag: PCA Framework
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.
The Finance Ministry has asked the 6 remaining PSBs, currently under PCA, to improve on 7 parameters to get the Govt’s support for coming out of the PCA framework.