RBI has initiated PCA against Allahabad Bank over its high bad loans. What does “PCA” stands for?
A. Prime Control Act
B. Prompt Control Action
C. Principal Component Action
D. Prompt Corrective Action
Answer:D
RBI has initiated PCA against Allahabad Bank over its high bad loans. What does “PCA” stands for?
A. Prime Control Act B. Prompt Control Action C. Principal Component Action D. Prompt Corrective Action
Explanation: The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against public sector lender Allahabad Bank, owing to its high net Non-Performing Assets (NPAs) and negative Return on Assets (RoA) for two consecutive years. ............Check More at INDIA GK" App: tinyurl.com/IndiaGK