Banking General Awareness Banking in India Question Bank Practice Questions - Current Developments in Indian Banking

  • question_answer
    Which of the following statements is/are correct regarding Prompt Corrective Action framework of RBI?

    A)  It triggers regulatory action against lenders who overshoot the limit on bad loans or fail to comply with capital ratios.

    B)  Regulatory action will be taken if a bank's capital-to-risk-assets ratio falls below 8 percent.

    C)  Both [a] and [b]

    D)  None of the above

    Correct Answer: A


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