RBI’s Acharya stresses need for ‘prompt corrective action’

The RBI tower

The Reserve Bank of India’s ‘prompt corrective action’ (PCA) framework is an important part of its ability to maintain banking sector stability, said Viral Acharya on October 12.

The deputy governor told an audience at the Indian Institute of Technology, Bombay, that it was essential for supervisors to be able to “intervene early” and take “corrective measures in a timely manner” to ensure a failing bank’s health did not deteriorate further.

The PCA framework allows supervisors to force banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: