Question

what is meaning of RBI,LIC​

Answer 1

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LIC-owned IDBI Bank had been under RBI's PCAF since May 2017. In its statement, the central bank said, "The performance of IDBI Bank Limited, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision (BFS) in its meeting held on February 18, 2021