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What is prompt corrective action framework?

What is prompt corrective action framework?

“The objective of the PCA Framework is to enable Supervisory intervention at an appropriate time and require the Supervised Entity to initiate and implement remedial measures in a timely manner, so as to restore its financial health,” the central bank said.

Which Report is published by RBI?

The Bank publishes two statutory reports, the Annual Report of the Bank and the Report on Trend and Progress of Banking in India.

What are the publications of RBI?

  • Home.
  • Speeches & Interviews.
  • Publications. Annual. Half-Yearly. Quarterly. Bi-monthly. Monthly. Weekly. Occasional. Reports. Mint Street Memos.
  • Statistics.

What is RBI bulletin?

RBI regularly puts out publications and reports. These are rich in data and give in-depth information about the Indian economy and its industries. They impact stock markets. One such report is the ‘Monthly Bulletin’.

WHO published report on currency and finance?

Reserve Bank of India
Reserve Bank of India – Report on Currency and Finance.

What is PCA framework of RBI?

RBI uses PCA framework to rein in banks that have breached certain regulatory thresholds in bad loans and capital adequacy. PCA entails curbs on high-risk lending, setting aside more money on provisions and restrictions on management salary.

Which report is published by World Bank?

World Development Report
The World Bank’s World Development Report, published annually since 1978, is an invaluable guide to the economic, social, and environmental state of the world today.

What is monetary policy report?

The MPR is published by the Monetary Policy Committee (MPC) of RBI. The MPC is a statutory and institutionalized framework under the RBI Act, 1934, for maintaining price stability, while keeping in mind the objective of growth.

Which of the following Organisations publishes the annual report on currency and finance?

Often, significant reports released by the Reserve Bank, including the Annual Report and the Financial Stability Report (including the Report on Trend and Progress of Banking in India) and important committee/working group reports are issued as supplements to this monthly publication.

When was the RBI established?

April 1, 1935, Kolkata, India
Reserve Bank of India/Founded

What is Report on Currency and Finance?

Today, the Report on Currency and Finance (RCF) for the year 2020-21 was released by the RBI. The Report carries a Foreword from the Governor, Reserve Bank of India. The contents of the Report, its findings, views and conclusions are entirely those of the contributors and do not represent the views of the Reserve Bank.

What is reporting Currency of India?

Indian rupee is the reporting currency for the financial statements of the Government.

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