New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Against which of the following bank RBI has started

    prompt corrective action recently? 
    A Dena Bank Correct Answer Incorrect Answer
    B IDBI Bank Correct Answer Incorrect Answer
    C UCO Bank Correct Answer Incorrect Answer
    D All three above Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) clarified that prompt corrective action (PCA) is aimed at improving banks’ health, and asked the public to continue their banking relations with lenders placed under PCA. So far, IDBI Bank, UCO Bank and Dena Bank have been placed under PCA because of high net non-performing assets (NPA) and negative return on assets. The RBI had revised the PCA framework on 13 April 2017.

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