Prompt Corrective Action Framework for the NBFCs
Prompt Corrective Action (PCA) Framework for the Non-Banking Financial Companies (NBFCs) – Extension to Government NBFCs
Reserve Bank of India introduced PCA Framework for NBFCs on December 14, 2021. The Framework has since been reviewed and it has been decided to extend the same to Government NBFCs (except those in Base Layer) with effect from October 1, 2024, based on the audited financials of the NBFC as on March 31, 2024, or thereafter.
Read More on RBI
