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PCA framework for Urban Cooperative Banks
August 6 , 2024
12 hrs 0 min
7
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- RBI has issued a prompt corrective action (PCA) framework for primary (urban) co-operative banks.
- It aims to giving more focus on larger UCBs that require more intensive monitoring by optimal utilisation of supervisory resources.
- The PCA framework will replace the supervisory action framework (SAF) which was established as an early intervention tool to bring improvements in weak UCBs.
- The PCA framework has been made applicable to all UCBs in Tier 2, Tier 3 and Tier 4 categories, except UCBs under All Inclusive Directions (AID).
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