Question
According to the information provided by the Reserve
Bank of India, Prompt Corrective Action (PCA) Framework will apply to government-owned non-banking financial companies & these include PFC, REC, IRFC and IFCI.Thus the framework will be applied from ________.ÂSolution
 The Reserve Bank of India has notified that the strict supervisory norms under the Prompt Corrective Action (PCA) Framework will apply to government-owned non-banking financial companies from October 2024. Being put under the PCA framework means restrictions on dividend distribution/ remittance of profits; promoters/ shareholders to infuse equity and reduction in leverage; and restrictions on the issue of guarantees or taking on other contingent liabilities on behalf of group companies. Some of the major government non-banking financial companies (NBFCs) include PFC, REC, IRFC and IFCI.
Justice Revati Mohite Dere was sworn in as the first woman Chief Justice of which High Court?Â
Who won the Belgian Grand Prix after George Russell's disqualification?
- Which Indian state became the top recipient of Foreign Direct Investment (FDI) in FY25?
In which river will India’s first solar-powered boat be launched?
Which entity recently launched the second international banking centre in Chennai to cater to the financial needs of global Indians?
Who won the Prime Minister election in Mauritius on November 11, 2024?
Which state recently joined the Ayushman Bharat PM-JAY scheme?
- Which central agency approved the River Cities Alliance (RCA) master plan?
Government has advanced the target of 20% ethanol blending in petrol from earlier 2030 to ______.
REC Limited has signed an agreement with which organization to aid in the education of approximately 75,500 children in the Siddharthnagar, UP?
