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.
_________ is the author of the book ‘Whereabouts’.
Which initiative collaborates with DPIIT to support startups?
In T20 cricket matches, a bowler can bowl a maximum of _______.
Which of the following hormones is used as a herbicide?
A Governor shall, notwithstanding the expiration of his term, continue to hold office until __________.
The folk-dance form ‘Gaur Maria’ is native of which state in India?
In which type of tax is the marginal tax rate higher than the average tax rate?
Crystals of copper sulphate pentahydrate, on heating, form:
Who was the first Odissi dancer from Odisha to receive Padma Vibhushan?
PC Mahalanobis is remembered as a major contributor of India’s developmental path because he __________.
(A)set up Indian Institutes of Managem...
