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

    Question

    Recently by Reserve bank of India which of the following

    bank got placed under the Prompt Corrective Action Framework?
    A Axis bank Correct Answer Incorrect Answer
    B Bank of India Correct Answer Incorrect Answer
    C HDFC bank Correct Answer Incorrect Answer
    D Canara Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    After placing a host of mid-sized public sector banks under the ‘prompt corrective action’ (PCA) framework due to their weak balance sheets, the Reserve Bank of India now seems to have turned its gaze on large banks. “This (action) is in view of high net NPA, insufficient CET1 Capital and negative ROA for two consequent years. This action will contribute to the overall improvement in risk management, asset quality, profitability, efficiency, etc of the bank”.

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