Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1942)
1942.
Which bank got placed under the Prompt Corrective Action Framework recently by Reserve bank of India?
Answer: Option
Explanation:
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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