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RBI plans PCA framework, different supervisory system for NBFCs by 2022


The RBI contemplates a return to an earlier supervisory rating framework for NBFCs, too, while ensuring financial statement disclosures here are on a par with banks

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The Reserve Bank of India (RBI) is planning a prompt corrective action (PCA) framework and a different supervisory system for non-banking financial companies (NBFCs) by 2022. Its medium-term strategy, termed Utkarsh 2022, talks of a “revised and effective PCA framework for NBFCs” as part of a policy for achieving “excellence” in performance of ...


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