RBI takes UCO Bank out of PCA Framework
- The Reserve Bank of India has announced that UCO Bank is taken out of the PCA restrictions. (Prompt Corrective Action Framework (PCAF))
- RBI said that as per the published results for the year ended March 31, 2021, UCO bank is not in breach of the PCA parameters.
- The Reserve Bank has specified certain regulatory trigger points, as a part of prompt corrective action (PCA) Framework, in terms of three parameters, i.e. capital to risk-weighted assets ratio (CRAR), net non-performing assets (NPA) and Return on Assets (RoA). These should be maintained by banks.
Points to remember:
- RBI has taken out which bank from PCA framework recently in September 2021?
- Full form of PCA.
Source: RBI