UPSC CURRENT AFFAIRS – 30 July 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. These …
Source: Business Standard Context: The Reserve Bank of India (RBI) has introduced a Prompt Corrective Action (PCA) framework for Urban Cooperative Banks (UCBs). This framework aims to enable timely supervisory intervention and ensure UCBs implement necessary remedial measures to restore their financial health. It replaces the existing Supervisory Action Framework (SAF) last revised in January …
Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prompt Corrective Action Framework: Context: The Reserve Bank of India has taken IDBI Bank Ltd out of its prompt corrective action list after it found the state-run lender was not in breach of the central bank’s parameters. Background: IDBI Bank …
