Question

Regarding 'Prompt Corrective Action' (PC

  • A framework: 1. PCA applies to both Public and Private sector banks. 2. It is triggered if the Net NPA of a bank exceeds a certain threshold. 3. RBI can restrict dividend payments of a bank under PCA. Which of the statements above is/are correct? 
A 1 and 2 only
B 2 and 3 only
C 1 and 3 only
D 1, 2, and 3
E 1 only
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