The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.
December 17, 2021The profitability parameter has been removed in the revised PCA framework, which will also apply foreign banks operating in India through branches or subsidiaries.
November 4, 2021Revised RBI guidelines put in place a mechanism for private sector banks to apply for authorisation to conduct government business.
May 18, 2021IDBI Bank has been removed from PCA restrictions following its latest financial position as of 31 December 2020.
March 12, 2021Former central bank governor YV Reddy says there is no doubt the government has a claim over the RBI's reserves, but questions how it is exercising its claim.
February 11, 2019India’s central bank has removed the Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from lending restrictions under its prompt corrective action framework.
February 1, 2019The government plans to pump $11.8 billion into public sector banks to raise them out of the RBI's PCA framework and increase the banking system's lending capacity.
December 21, 2018Restrictions on the RBI's authority to reform governance of public sector banks are seen as a weakness in its mandate and could undermine financial stability, says S&P Global Ratings.
December 18, 2018Urjit Patel has resigned from his post as governor of the RBI, citing personal reasons, soon after a public dispute erupted between the central bank and the government.
December 11, 2018India has begun the process to merge Dena Bank, Vijaya Bank and Bank of Baroda in a bid to support their weak balance sheets and consolidate the state-run banking sector.
September 19, 2018