Which bank got placed under the Prompt Corrective Action Framework rec – InterviewSolution

InterviewSolution

1.	Which bank got placed under the Prompt Corrective Action Framework recently by Reserve bank of India?
Answer» he Reserve Bank of India placed Bank of India under the Prompt Corrective Action Framework, consequent to the onsite inspection under the Risk-Based Supervision Model carried out for the year ended March 2017. This is the first time that the central bank has invoked PCA for a large bank of the size of BoI.

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