Question

The Reserve Bank of India (RBI) has initiated PCA against Allahabad Bank over its high bad loans. What does “PCA” stands for?
[A] Prompt Control Action
[B] Principal Complaints Action
[C] Principal Component Action
[D] Prompt Corrective Action

Answer 1

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. 

Answer 2

Answer:

The Reserve Bank of India (RBI) has initiated PCA against Allahabad Bank over its high bad loans. What does “PCA” stands for?

[A] Prompt Control Action✔️

[B] Principal Complaints Action

[C] Principal Component Action

[D] Prompt Corrective Action